MAKE A LONG TERM
PLAN TO GIVE
You Can Make a Difference - Forever!
We invite you to consider a planned gift to TED Center. Planned gifts allow you to make a huge difference in the lives of entrepreneurs for years to come. Some planned gifts allow you to realize income and tax-saving benefits while helping small business owners in our community. This is a wonderful win-win situation.
Determining what gift is right for you is just as important as making the gift. There are many ways to make a planned gift that can help you enhance your future financial well-being while providing a meaningful charitable gift. The best plan for you will balance your wishes, your family’s needs, and your charitable interests in your estate and financial plans.
Bequests, gift annuities, charitable remainder trusts and beneficiary designations of life insurance policies, retirement plans and IRA’s all constitute planned gifts that can be made to permanently provide TED Center’s with resources to achieve its community building efforts.
Legacy Society
The TED Center honors every planned gift donor with membership in the Legacy Society. We invite you to become a member of the Legacy Society, created exclusively to honor and recognize people who have helped to continue our lifesaving work through a gift to the TED Center in their wills, trusts or estate plans. As a TED Center Legacy Society member, you’ll receive a certificate of appreciation to serve as a reminder to others of your support of our mission. Your gift can be recognized publicly, unless you prefer to give anonymously. The society also provides information and assistance to donors considering a planned gift. When you join the Legacy Society, you demonstrate your commitment to the humanitarian mission of the TED Center and help ensure the long-term strength of the organization. The TED Center Legacy Fund
What Is the Next Step?
If you have already arranged for a bequest or other planned gift, we would like to honor your support please notify us and become a member. If you are still considering such a gift, let us know so we can help you and your advisors complete your gift in a way that benefits your estate and makes clear your intention to help the TED Center.
Please feel free to contact us if you would like to receive additional information. TED Center assists donors and their professional financial advisors in making bequests and other planned gifts to TED Center. Email us, complete the personal illustration form, or call us at (561) 265-3790 ext. 102 so that we can assist you through every step of the process. We strongly encourage you to consult with your legal and financial advisory when considering a planned gift.
GOALS & BENEFITS
Planned Gifts can be made in many ways. The best plans are created by first, deciding what your goals are and second, determining how to accomplish your goals. This section will explain the various options available to you.
Your Goals
Your Strategy
Your Benefits
Make a gift for the TED Center 's future that doesn't affect your cash flow or portfolio now
Put a bequest in your will (cash, specific property, or a share of the estate residue)
Today – a gift that costs you and your family nothing. Tomorrow – an estate tax deduction
Retain income benefits from the assets you give to the TED Center – thus afford a larger gift
Make a contribution to our pooled income fund. Create a charitable gift annuity or a charitable remainder annuity truct or unitrust
Receive income for your lifetime; receive a charitable deduction; diversify your holdings
Reduce high tax liability now; gain additional income later
Establish a deferred gift annuity
A larger deduction and a higher income rate than other life-income gifts offer
Tap one of the most valuable assets in your portfolio to make a gift to the TED Center
Use real estate to make your gift to the TED Center
Avoid capital gains tax, receive an income tax deduction – and have the option of a gift that doesn't affect your lifestyle
Reduce gift and estate taxes and control the timing of passing assets to your children and grandchildren
Create a charitable lead trust which supports the TED Center for a fixed, finite period with the principal going to your heirs.
Reduce gift and estate taxes, and freeze the taxable value of growing assets before they pass to your family
Avoid capital gains liability on the transfer of a business or partnership interest
Contribute the partnership interest or closely-held stockto the TED Center
Avoid capital gain liability, receive an income tax deduction, and utilize a gift asset you may have overlooked
Locate an overlooked asset that you can easily give to the TED Center
Name the TED Center as beneficiary of your retirement plan; leave other assets to family
Eliminate income tax on retirement plan assets; free up other property to pass to your heirs
Make an endowment gift from income rather than capital
Create a new life insurance policy, or donate a paid-up policy for coverage you no longer need
Increase your ability to make a significant gift to the TED Center
Maximize your deduction; minimize the gift details
Use cash to make your gift to the TED Center
Claim your deduction against a larger portion of your adjusted gross income and make an immediate impact on the TED Center
Afford a larger gift to the TED Center – and avoid capital gains liability
Give appreciated stock or bonds held over one year
Buy low and give high – make a gift that costs you less than the benefit it delivers to us, while avoiding capital gains tax
The Place Where Business Women ROCK
SUPPORTING THE GROWTH OF WOMEN OWNED BUSINESS
THROUGHOUT SOUTH FLORIDA FOR MORE THAN 17 YEARS
BEQUEST
How it works
You can provide now for a future gift to the TED Center by including a bequest provision in your will or revocable trust.
Your will or trust directs assets to your heirs.
Your will or trust directs a bequest to the TED Center for the purpose(s) you specify.
Benefits
Your assets remain in your control during your lifetime.
You can modify your bequest if your circumstances change.
You can direct your bequest to a particular purpose (be sure to check with the TED Center to make sure your gift can be used as intended).
There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
You can have the satisfaction now of knowing that your bequest will support the TED Center in the way you intended when you are gone.
CHARITABLE GIFT ANNUITY
How it works
You transfer cash or securities to the TED Center.
The TED Center pays you, or up to two annuitants you name, fixed payments for life.
The principal passes to the TED Center when the contract ends.
Benefits
You receive an immediate income tax deduction for a portion of your gift.
Your annuity payments are guaranteed for life, backed by a reserve and the assets of the TED Center.
Your annuity payments may be treated as part ordinary income, part capital gains income (15%), and part tax-free income, depending on the assets used to fund the annuity.
Your annuity payments may be treated as part ordinary income, part capital gains income (15%), and part tax-free income, depending on the assets used to fund the annuity.
CHARITABLE LEAD TRUST
How it works
You contribute cash, securities or other property to a trust.
The trust makes fixed annual payments to the TED Center for a specified term of years.
When the trust ends, the remaining principal goes to your heirs.
Benefits
You qualify for a gift tax deduction for the present value of the annuity payments to the TED Center.
The annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
All appreciation that takes place in the trust goes tax-free to your heirs.
You can use your available estate tax credit ($2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
You can have the satisfaction of making a significant gift to the TED Center now that reduces the taxes due on transfers to your heirs later.
DEFERRED GIFT ANNUITY
How it works
You transfer cash, securities or other property to the TED Center.
Beginning on a specified date in the future, the TED Center begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
The principal passes to the TED Center when the contract ends.
Benefits
You receive an immediate income tax deduction for a portion of your gift.
You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
The longer you defer your payments, the higher the effective rate you will receive. In the meantime, the principal grows tax-free.
You can have the satisfaction of making a significant gift now that benefits both you and the TED Center later.
CHARITABLE REMAINDER ANNUITY TRUST
How it works
You transfer cash, securities or other appreciated property into a trust.
The trust makes fixed annual payments to you or to anyone you name.
When the trust ends, the principal passes to the TED Center.
Benefits
You receive an immediate income tax deduction for a portion of your contribution to the trust.
As long as you are one of the beneficiaries, you pay no immediate capital gains tax on any appreciated assets you donate. A portion of the capital gains tax is spread over your life expectancy.
You or your designated income beneficiaries receive stable, predictable payments for life or a term of years.
You can have the satisfaction of making a significant gift that benefits you now and the TED Center later.
CHARITABLE REMAINDER UNITRUSTS
How it works
You transfer cash, securities or other appreciated property into a trust.
The trust pays a percentage of the market value of the assets re-valued annually to you or to beneficiaries you name.
When the trust ends, the principal passes to the TED Center.
Benefits
You receive an immediate income tax deduction for a portion of your contribution to the trust.
You pay no capital gains tax on appreciated assets you donate.
You or your designated beneficiaries receive income for life or a term of years.
You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deductions.
You can have the satisfaction of making a significant gift that benefits you now and the TED Center later.
RETAINED LIFE ESTATES
How it works
You transfer your residence, farm, or vacation home to the TED Center subject to a life estate.
You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.
The property passes to the TED Center when your life estate ends.
Benefits
You receive gift credit and an immediate income tax deduction for a portion of the appraised value of your property.
You can terminate your life estate at any time and take an additional income tax deduction.
You can have the satisfaction of making a significant gift now that benefits the TED Center later.
GIFTS OF REAL ESTATE
How it works
We will gratefully review your gift possibility and evaluate the condition & marketability of the property
You will need to obtain a philanthropy title report and an independent appraisal.
Our advisors will inspect the property and complete an environmental checklist. We may need to conduct a phase one environmental study in some cases.
The IRS requires an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures.
You gift your residential, commercial, or undeveloped real estate to the TED Center.
Benefits
If the property is a long-term asset (held for over one year), you receive a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer.
You may apply the deduction for up to 30 percent of your adjusted gross income and carry it forward for up to five additional years.
You are freed from paying real estate taxes, maintenance costs, insurance, and capital gains taxes on the property’s appreciation.
You also avoid capital gains taxes on the transfer and remove the asset from your taxable estate.
GIFTS OF PERSONAL PROPERTY
How it works
You transfer a valuable painting, antiques, collectibles or other personal property to the TED Center.
The TED Center may elect to hold the property and display or use it in the furtherance of its mission. The TED Center may elect to sell the property at some point in the future and use the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
In certain cases, you can use personal property to fund a life-income gift, such as a FLIP Unitrust, that benefits the TED Center and provides you with income now.
You can have the satisfaction of making a significant gift now to the TED Center without adversely affecting your cash flow.
GIFTS OF LIFE INSURANCE
How it works
You transfer ownership of a paid-up life insurance policy to the TED Center.
The TED Center elects to cash in the policy now or to keep the policy and receive the death benefit later.
Benefits
You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
You can have the satisfaction of making a significant gift now to the TED Center without adversely affecting your cash flow.
GIFTS OF PARTNERSHIP INTERESTS
How it works
You convey a partnership interest to the TED Center.
Depending on the circumstances, the TED Center may choose to continue the partnership interest or to sell it and use the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities that might pertain to it.
Under certain conditions, you may be able to gift a partnership interest to a life-income arrangement, such as a FLIP Unitrust.
You can have the satisfaction of making a significant gift that benefits both you and the TED Center during your lifetime.
GIFTS OF BUSINESS INTERESTS
How it works
You give shares of closely-held stock to the TED Center.
The TED Center offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero.
You pay no capital gains tax on any appreciation that has taken place in the shares.
Under certain conditions, you may be able to use closely-held shares to fund a life-income arrangement, such as a FLIP Unitrust.
You can have the satisfaction of making a significant gift that benefits both you and the TED Center during your lifetime.
POOLED INCOME FUND
How it works
You transfer cash or securities to the Pooled Income Fund trust established by the TED Center.
The trust issues you units, like a mutual fund, and pays you, or up to two income beneficiaries you name, the annual income attributable to your units for life.
The principal attributed to your units passes to the TED Center when the last income beneficiary dies.
Benefits
You receive gift credit and an immediate income tax deduction for a portion of your gift to the trust.
You pay no capital gains tax on any appreciated assets you donate.
Although modest, the income usually exceeds the level of stock dividends.
You can have the satisfaction of making a gift that benefits you now and the TED Center later.
GIFTS OF RETIREMENT ASSETS
How it works
You name the TED Center as the beneficiary of your IRA, 401(k) or other qualified plan.
Any residual left in your plan when you die passes to the TED Center tax-free.
New legislation gives donors aged 70½ and older an opportunity to direct lifetime distributions from their IRAs to the TED Center without incurring income tax liability on the withdrawal. The provision will be in effect for just the 2006 & 2007 tax years. Distributions to the TED Center plus other charitable beneficiaries can total $100,000 per year, and must be made outright – they cannot fund a life-income gift.
Benefits
You can escape both income AND estate tax levied on the residual left in your retirement account by leaving it to the TED Center.
You can continue to take withdrawals during your lifetime.
You can change your beneficiary if your circumstances change.
You can elect to leave retirement plan assets to the TED Center through your will or revocable trust instead.
You can have the satisfaction of knowing that your hard-earned retirement assets will support the TED Center when you are gone.