The Troy Foundation can offer your clients many vehicles for giving during their lifetime or through estate planning. Some of the ways your clients can donate through the Foundation are:
A cash gift is tax deductible
Appreciated publicly-traded securities are accepted. This type of gift avoids capital gains tax and allows the maximum tax deduction for the full market value of the gift.
A bequest in your will is a simple way to leave a lasting legacy.
A life insurance policy can be changed to designate the Foundation as the owner and/or beneficiary of a policy.
Retirement fund accounts are often one’s largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Real Estate (land, primary residence, farm land, etc.) can be donated to the Foundation. The Foundation sells the real estate and the net proceeds can establish a fund or add to an existing one.
A Charitable Remainder Trust allows you (or other named beneficiaries) to receive lifetime income. Upon your death, the remaining principal creates a fund at the Foundation. You receive an immediate charitable deduction for a portion of the gift and avoid capital gains tax.
A Charitable Lead Trust creates income for the Foundation for a specific period of time, after which the remaining principal is distributed to named beneficiaries. Gift and estate taxes are reduced with this type of gift.