Life Stage Gift Planner™

 Over Age 65

• Shifting to income-producing assets
• Increasing cash flow—charitable gift planning can help minimize taxes
• Maintaining financial stability
• Anticipating healthcare needs and insurance coverage
• Concern about the financial future of younger members of the family
• Review will and estate plans

For the charitably inclined, certain types of gifts can provide solutions to taxing problems:

Cash, check, and credit card
A gift of cash is easy to make, and the gift is not subject to gift or estate tax. A contribution of cash or by a check that is postmarked in December is deductible for that tax year—even if Lewis & Clark receives it in January—provided the account against which the check was written had sufficient funds to cover it in December. A contribution by credit card must be made by December 31 in order to be deductible for that tax year.

Charitable gift annuity
Support Lewis & Clark and receive a fixed income for life. In exchange for your gift, Lewis & Clark will provide payments for life to you or a beneficiary you designate.

Charitable remainder annuity trust
Provides for payment of a fixed-dollar amount—annually or at more frequent intervals—to the designated beneficiary(ies). The amount must equal at least 5% of the initial fair-market value of the trust.

Charitable bequest
If you would like to make a substantial gift for Lewis & Clark but you do not have the current disposable income or assets to do so now, consider a charitable bequest.

Real estate—retained life estate
Give property to Lewis & Clark while retaining the right to occupy the residence or operate the farm.

Gifts of retirement plans at death
Retirement-plan benefits left to heirs are often more highly taxed than other assets. Consider giving them to Lewis & Clark instead to make a meaningful gift and leave other assets to heirs.