Planned giving encompasses a variety of philanthropic strategies that help you provide for charity while advancing your own financial and personal objectives. Planning your gift is a way for you to take advantage of the tax, financial, and estate planning benefits of philanthropy. It can be made with almost anything—cash, stocks, bonds, mutual funds, real estate, and even property such as artwork, boats, vehicles, and royalties.
If you’re considering a future gift to the Eagle Creek Park Foundation, we recommend you consult with your tax advisor and attorney in regards to the tax treatment, and to receive options on how to structure your planned giving to best meet your goals.
If you’d like to name the Eagle Creek Park Foundation in your will, please include the following language:
I give (_____dollars/____ percentage or the entire residue of my estate) to the Eagle Creek Park Foundation, an Indiana 501(c)(3) charitable organization, for the benefit of Eagle Creek Park (for a specific purpose, or general support).
Leaving your retirement plan or IRA (or a portion of it) to the Eagle Creek Park Foundation is a tax-wise gift. Naming the Foundation as the recipient of your retirement plan after your lifetime (or at the death of the survivor of you and your spouse) could potentially minimize estate and income taxes on the plan assets designated to the Foundation.
Planned gifts can also be given through a direct bequest, charitable remainder or lead trust.