Planned Giving
Through the College of Lake County Foundation's Planned Giving Program, individuals may ensure the future financial well-being of the College of Lake County by making gifts that will provide a maximum benefit for the College, while minimizing the income tax and estate and gift tax burdens upon their estates and descendants.
There are many ways that your philanthropic giving can blend with your own financial needs and tax planning. With your legal and tax advisors, we can help you plan for toworrow and receive maximum benefits today.
Benefits
- Current income tax deduction
- Avoidance of long-term capital gains tax
- Increase in income and effective rate of return
- Reduction in estate and gift taxes
Planned Giving Options/Instruments that provide substantial benefits for the donor:
- Current Will
- Living Trust
- Life Insurance
- Real Estate
- Retained Life Estate
- Closely Held Stock
- Charitable Remainder Annuity Trust
- Charitable Remainder Unitrust
- Charitable Lead Trust
