Ways to Give Later

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BEQUESTS
Providing a gift in their will to Coastal Community Foundation is an additional way for your clients to support their favorite charities in perpetuity. Your clients can also name an endowment fund at Coastal Community Foundation as the beneficiary of their IRA, pension plan, or life insurance policy. Charitable bequests can be designed so as to give the most favorable tax treatment to beneficiaries.
SAMPLE LANGUAGE FOR BEQUESTS (PDF)

CHARITABLE REMAINDER TRUSTS
A charitable remainder trust can be created to pay your client or their chosen beneficiary income for life, or for a fixed term, or both. After the term's completion, the remaining property passes to a charitable beneficiary such as a fund at Coastal Community Foundation, or another charity of their choice. This flexibility allows individuals greater spendable income and reduced taxes during their lifetime.
POLICY ON CHARITABLE REMAINDER TRUSTS (PDF)

CHARITABLE LEAD TRUST
This vehicle is unlike the charitable remainder trust, in that income first goes to the charity for a fixed period with the property later reverting to your client or their beneficiary. This trust is often used as part of an estate plan.

LIFE ESTATES
Individuals may deed their home or property to Coastal Community Foundation and retain the right to live there for the rest of their lives. This allows your clients to take a charitable deduction for the current value of the remainder of the property after death, and thereby avoid any capital gains tax. When the life estate ends, the real estate is sold and proceeds are used to support funds at Coastal Community Foundation or any of your client's favorite charities.

LIFE INSURANCE
Life insurance provides a simple way for your client to give a significant gift to charity with tax benefits that can be enjoyed for a lifetime. Check with Coastal Community Foundation staff for more information on how insurance policies can further your client's philanthropic goals.
POLICY ON GIFT OF LIFE INSURANCE (PDF)