Charitable Gift Planning

If you enjoy supporting causes and charities and donate on a regular basis but want to ensure that you maximize assets for your future beneficiaries, Charitable Gift Planning with Heartland Trust Company can help you to achieve all of those goals simultaneously.

Charitable Gift Planning Benefits

By planning your gift giving properly, you can donate generously to your favorite causes while also enjoying the tax benefits that come along with giving the gift. Donations can be deducted from your total income tax obligation and you may also avoid paying a portion of your capital gains taxes.

Other potential benefits of charitable giving include increasing your current income, feeling good about giving back, and supporting your selected charity.

Charitable Gift Planning Options

Depending on your financial status and your level of donations, there are several charitable gift planning options available to help you meet your goals:

  • Charitable Remainder Unitrust (CRUT)
  • Charitable Remainder Annuity Trust (CRAT)
  • Charitable Lead Trusts (CLT)

All of these options are similar, but with slightly different variables. They each involve establishing a trust that pays income to you or someone of your choice up until the point when payments cease and the balance is distributed to preselected charities.

    Other charitable gift options include but are not limited to:

  • Endowment funds
  • Life insurance policies
  • Cash gifts
  • Real estate
  • Equities

If you are interested in developing a Charitable Gift Plan that lets you give back while also receiving the associated financial benefits, call us today at Heartland Trust Company and let’s discuss your goals and options.

Nick SchommerCharitable Gift Planning