Wills and Estate Planning

Bequests

Charitable bequests enable individuals to make significant gifts that they may not have been able to make during life. A bequest by will or living trust allows a donor to support the Geneva Foundation of Presbyterian Homes' mission while reducing their taxable estate.
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Charitable Gift Annuities

Payment of a fixed annual quarterly amount is guaranteed for the lifetime of one person or two people in exchange for a gift. The payout rate depends on the age and number of beneficiaries, and the donor receives a partial income tax deduction in the year the gift annuity is established.
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Charitable Remainder Trusts

With a Charitable Remainder Trust (CRT), a donor transfers property under an irrevocable charitable trust that specifies how trust income and the charitable remainder are to be distributed. The donor retains the right to receive income from the trust, or creates an income interest for another person, and receives a partial income tax deduction in the year the CRT is established.

Charitable Lead Trusts

This type of trust allows a donor to put assets in a trust for a specified amount of time. The Geneva Foundation of Presbyterian Homes then receives all or part of the income generated by the assets held in the trust. At the conclusion of the term of the trust, the assets revert to the donor or family member. Assets transferred to children or grandchildren may lower gift and estate taxes.

Life Insurance

A donor can give a paid-up or existing policy, or simply name the Geneva Foundation of Presbyterian Homes as a beneficiary to receive all or a portion of the policy death proceeds.

Retirement Plan Assets

A donor can designate the Geneva Foundation of Presbyterian Homes to receive any remaining assets of an IRA, Keogh, or other qualified pension or profit-sharing plan.

Your legal and financial advisors should be consulted when considering a planned gift.

Contact the Geneva Foundation of Presbyterian Homes toll free at 877-440-4001 for a description of gift opportunities that can change lives. To donate online, click here.