Ways of Making a Planned Gift 

Planned gifts can help you create a gift plan that will best express your desire to benefit the Clark Center Foundation and at the same time, help you fulfill your personal financial goals. There are a number of different ways of structuring charitable gifts so that they can work in harmony with your individual situation.

 A properly designed gift can complement your own goals:

• Provide lifetime income
• Convert low-yielding assets into a higher income stream
• Reduce or eliminate taxes on capital gains
• Generate a substantial federal income tax deduction
• Eliminate or reduce federal estate taxes

You can make a planned gift to the Clark Center Foundation in the following ways:

• A Bequest (Read a donor’s testimonial)
• A gift that pays you lifetime income
  • Charitable Gift Annuity
  • Charitable Remainder Trust
  • Revocable Inter Vivos Trust (Living Trust)
• A gift that pays the Clark Center Foundation income for a specified number of years (lead trust)
  • A gift of life insurance
  • A gift of retirement plan benefits
  • A gift of residence or other real estate
• Naming Opportunities: Your gift will be memorialized by a prominent, engraved Brass Plaque at an appropriate location, along with your enrollment in the Encore Society.
• Matching Gift: Most companies that match employees' charitable contribution have a form to use. Obtain a copy of the form; complete your portion; and, send it to us together with your donation. The Clark Center Foundation will complete its portion of the form and will return it to the company for processing. We also will acknowledge your contribution.

Get in Touch

There are many ways to enroll as a member of the Encore Society. We would be pleased to provide you with further information. Also, you will need to discuss your tax planning situation with your accountant or other professional advisor. All inquiries are confidential and there is no obligation. Click here. Or, if you are prepared to make your gift now, please click on the link below to view a printable form.                                                       

Some of the more commonly used gifting methods are:

Lifetime Gifts: The simplest method of charitable gifting is making one or more outright gifts of money or property during your lifetime.  These gifts are fully deductible for state and federal income tax purposes, subject to certain annual limitations.  Many people use lifetime gifts as a chance to dispose of highly appreciated stock, real property, and other assets that are not providing a good return but which the donor is reluctant to sell because of capital gain tax consequences.  If you make a gift of appreciated assets, you get the tax benefits of the donation, and the charitable organization (being tax-exempt) can then sell those assets and convert them to cash without paying taxes.

Gift Annuities: For the donor who needs income form assets being donated, the gift can be structured so that once the asset has been donated and sold, the donor will receive a lifetime monthly annuity payment.  This way, the donor will get the tax benefits of the gift, but also gets income required to meet the needs of the donor and the donor’s family.

Charitable Remainder Trust: For the donor who wishes to retain some control and use of a donated asset, they can place that asset in a charitable remainder trust under which the donor retains the use and income of that asset for life, after which it passes to the charitable organization.  The donor gets the use of the asset, and also a substantial charitable tax deduction.

Bequests: A donor can name the charity as the beneficiary of all or part of their estate upon their passing, under the donor’s will or trust or by use of cash or securities accounts designating the charity as beneficiary.  The donor retains complete control over the asset (including the right to change or revoke the bequest), as long as they are living.  Upon the donor’s passing, the gift to the charitable organization is deductible from the donor’s estate for federal estate tax purposes.

Life Insurance: If you own a life insurance policy which you feel is no longer needed, you can name the charitable organization as beneficiary of all or part of the insurance benefit.  If the policy has a paid-up value, you will receive a tax deduction for a portion of that value.  And if you continue paying the premiums to keep the policy in effect, that portion of the premiums 

Attributable to the charitable benefits are tax deductible.