Planned Giving

The term "planned giving" refers to charitable gifts that require some planning before they are made. Planned gifts are popular because they can provide valuable tax benefits and/or income for life.

Planned gifts include –

Bequests – A gift made through a will is called a bequest. When a gift is made to the INF through a will, the estate will receive a charitable estate tax deduction.

Charitable Gift Annuity – An INF Gift Annuity is a contract between the Iowa Newspaper Foundation and the donor. In return for a contribution of cash or other appropriate assets, the INF agrees to pay the donor (or someone else of their choosing) a fixed income for life. The donor enjoys a charitable tax deduction and, if the gift is made with appreciated stock, may also enjoy capital gains tax savings. Deferred gift annuities, in which the income is deferred for a number of years, are often established by younger donors.

Charitable Trusts – There are several types of charitable trusts, including the Charitable Remainder Trust and the Charitable Lead Trust. All offer attractive tax benefits.

Insurance – A cash value life insurance policy that is no longer needed can be contributed to the INF, and may be used to establish a Charitable Gift Annuity. An individual may also purchase a life insurance policy on himself or herself and, by making the INF the irrevocable owner and beneficiary, can enjoy a charitable income tax deduction for the premiums.

Retained Life Estate – A personal residence or farm may be given to the INF with the donor retaining the right to live there for the remainder of his or her life. The donor will receive an income tax deduction for the gift. The INF can use or sell the property at the donor’s death.

For more information on how you can help the INF fulfill its mission with a planned gift, contact Jennifer Asa at 515-244-2145, ext. 132. You are encouraged to consult your financial advisor or attorney before making a significant gift to any organization.