PLANNED GIVING

A planned gift may be outright or deferred. It may be made through a will, retirement plan, real estate, bargain sale, life insurance policy or other capital assets. Deferred gifts often provide the most attractive benefits to the donor. Deferred gift vehicles are bequests, gift plans that generate income during one’s lifetime, trusts that pay income to a charity with corpus passing to heirs, contract designations, and remainder interests in a personal residence.

Donors who have made an outright or a planned gift to The CCIM Institute Foundation’s endowment fund will be recognized in our Legacy Society.

We hope you’ll tell us when you have named The CCIM Institute Foundation in your will by returning a Declaration of Intent to us. We would very much like the opportunity to thank you for your generosity.

Click for Planned Giving Options:

• Named Education Scholarship
• Bequest
• Charitable Gift Annuity
• Charitable Lead Trust
• Wealth Replacement Trust
• Retained Life Estate

BEQUEST

If you plan to make a charitable gift by will, please think it through carefully. Then, meet with your attorney to discuss and update your will. Tell him or her exactly what you want to do. Be as clear as possible in describing what you want given to whom.

Following are eight generally accepted ways to make a bequest. You might discuss them with your attorney as you prepare to update your will.

• Specific bequest. This is a gift of a specific item to a specific beneficiary. If that specific property has been disposed of before death, the bequest fails and no claim can be made to any other property.
• General bequest. This is usually a gift of a stated sum of money. It will not fail, even if there is not sufficient cash to meet the bequest.
• Contingent bequest. This is a bequest made on condition that a certain event must occur before distribution to the beneficiary. A contingent bequest is specific in nature and fails if the condition is not met. (A contingent bequest is also appropriate if you want to name a secondary beneficiary, in case the primary beneficiary doesn’t survive you.)
• Residuary bequest. This is a gift of all the "rest, residue and remainder" of your estate after all other bequests, debts and taxes have been paid. The previous items can apply in the case of bequests to individual heirs or bequests to charitable organizations.

The following items are special considerations when you plan a charitable bequest to help support the mission of The CCIM Institute Foundation.

• Unrestricted bequest. This is a gift for our general purposes, to be used at the discretion of our governing board. A gift like this—without conditions attached—is frequently the most useful, as it allows us to determine the wisest and most pressing need for the funds at the time of receipt.
• Restricted bequest. This type of gift allows you to specify how the funds are to be used. Perhaps you have a special purpose or project in mind. If so, it’s best to consult us when you make your will to be certain your intent can be carried out.
• Honorary or memorial bequest. This is a gift given “in honor of” or “in memory of” someone. We are pleased to honor your request and have many ways to grant appropriate recognition.
• Endowed bequest. This bequest allows you to restrict the principal of your gift, requiring us to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift can continue giving indefinitely.

You can notify us of your bequest by returning a Declaration of Intent to us.

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CHARITABLE GIFT ANNUITY

A gift annuity is a simple, contractual agreement between a donor and The CCIM Institute Foundation in which you transfer assets to us in exchange for our promise to pay one or two annuitants payments for life.

By donating through a gift annuity, you: (1) contract for a fixed payment for yourself or yourself and another individual, if you choose, and (2) make a gift to the CCIM Foundation. If you itemize deductions on your tax return, savings from the charitable deduction reduce the net cost of the gift.

Please let us know that you wish to create a charitable gift annuity by completing a Declaration of Intent.

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CHARITABLE LEAD TRUST

A charitable lead trust is a trust that the estate owner establishes either during life (an inter vivos trust) or at death (a testamentary trust). The income from the trust flows to a charitable organization, like The CCIM Institute Foundation, typically for a stated number of years. After that period, the assets inside the trust are then distributed. The fact that the assets will one day be transferred to another person means that this trust has one further distinction: it is a “nongrantor” trust, as opposed to a grantor trust. “Nongrantor” means the trust assets are not owned by the person who established the trust, and the assets are not going to be returned to him or her someday. (A “grantor” trust is one in which the assets will eventually be distributed back to the donor. As a result, the donor is subject to tax on the assets.)

Please let us know that you wish to create a charitable lead trust by completing a Declaration of Intent.

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WEALTH REPLACEMENT TRUST

Perhaps you would like to make a sizable contribution to the CCIM Founation now, but you don’t want to reduce the estate you will pass to your family. The solution? Purchase life insurance. The income tax savings from your charitable gift may be enough to cover the premium cost, based on your age, health and tax bracket.

If you own the insurance policy, ultimately the proceeds will be included in your taxable estate. The remedy: If your sole heir to the policy value is a responsible adult, make him or her the policy owner and beneficiary. Then give that individual a yearly amount adequate to pay the premium, utilizing your annual gift tax exclusion.

For multiple heirs or a larger gift, take advantage of an exceptional plan called a “wealth replacement trust” and name your spouse, children or other individuals as trust beneficiaries. The trustee is the owner of the policy and eventually will receive and manage the proceeds. The trust is irrevocable, and if designed correctly, the insurance will be excluded from your taxable estate. You transfer enough money to the trust each year so that the trustee can pay the policy premiums.

To avoid any gift tax (or use of your estate and gift tax credit) on yearly gifts to the trust over the annual gift tax exclusion, the trust agreement must give your beneficiaries the temporary right each year to withdraw these funds. However, should your beneficiaries exercise this power, the insurance may lapse due to insufficient funds to pay the yearly premium. Together with you and your attorney, The CCIM Institute Foundation can help design a plan that preserves your estate’s value while fulfilling your desire to benefit the Foundation.

If you plan to designate The CCIM Institute Foundation as the beneficiary of an existing or newly created life insurance policy., please let us know by completing a Declaration of Intent.

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RETAINED LIFE ESTATE

One of your valued possessions, your home, can become a valued gift to the CCIM Foundation even while you are still living in it, and even if you want your spouse or other person to live there for life. This arrangement is called a retained life estate.

By deeding a personal residence to a charitable organization, you can obtain a sizable income tax deduction in the current year. The amount depends on the value of the property and your age (and the age of any person given life use). In addition, you retain the right to rent your home or make improvements to it. You continue to have responsibility for maintenance, insurance and property taxes.

For more information on deeding your home to The CCIM Institute Foundation, contact us at (877)CCIMEF-1.

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