Q: Planned Giving Options

A: A planned gift makes a significant impact. The Legacy Society honors those who have included Cypress Lawn in their estate plans. Some of the most popular types of donations:

An Estate Plan that Works: An up-to-date will or living trusts will benefit you, your family and, if you wish, the Cypress Lawn Heritage Foundation.

Simple, Efficient, Revocable: Have an attorney include a charitable bequest for the Heritage Foundation in an estate plan:

I give devise and bequeath to the Cypress Lawn Heritage Foundation (94-3289533), located in Colma, California, the sum of ________________________________ dollars ($ _______________) (Or state a percentage of your estate, or describe real or personal property, including exact location) for the benefit of its general purposes (or specify the Cypress Lawn Heritage Foundation program you wish to support).

Tax-efficient IRA Designations: Harold has a substantial IRA. He knows that in his case both estate tax and income tax will trim IRA distributions made to his children. IRA gifts left to the Heritage Foundation, however, escape all tax. He calls his IRA custodian and makes the Heritage Foundation a beneficiary of his IRA. In this way he makes sure tax vulnerable gifts pass to a good cause and tax-free gifts to his children.

Guaranteed Fixed Annuity Income: Mary Adams, age 75, funds a $10,000 charitable gift annuity contract to benefit the Heritage Foundation. Her annuity payment is 5.8% of her gift, giving her an annual guaranteed payment for life of $580. $437 of her payment is tax-free for twelve years. She also receives an immediate income tax deduction of $4,577.

Tax-free Sale of Real Estate: Bill, 75, bought a rental unit years ago that he can now sell for $500,000. He is startled to discover he will be faced with capital gains taxes on $450,000. To bypass this tax, he contributes the property to a charitable remainder unitrust that pays him 5% of its value annually for life.

Easy Insurance Plan Designation: Martha, a busy executive, wants a simple way to include the Heritage Foundation in her estate plan. She calls her life insurance company and with a professional’s guidance reviews, completes and submits a new beneficiary designation form naming the Heritage Foundation for a percentage of the policy. She calls her life insurance company and with a professional guidance reviews, compete and submits a new beneficiary designation form naming Cypress Lawn for a percentage of the policy.

Honoring a Loved One: The Roberts want to honor their father, a long-time supporter of the Cypress Lawn Heritage Foundation. They establish a permanent endowment fund named after him at the Heritage Foundation. Interest from the fund is used annually to support a cause he cared for, while principal is preserved in his memory.