A planned gift certainly benefits Riverview School, and may also be financially beneficial to you. Planned gifts can generate lifelong income, convert low yielding assets into a higher income stream, obtain significant income tax deductions, and reduce or eliminate capital gains and estate taxes.
The Advancement Office accepts a variety of life-income arrangements, including Charitable Lead Trusts and Charitable Remainder Trusts. We also help donors tailor bequests and structure gifts of assets such as real estate, business interests, and life insurance.
Donors often find that a combination of planned gifts produces the best results. We are happy to meet with you and your financial advisors to design the most advantageous ways of giving for you. We would appreciate learning of your gift intentions for Riverview so that we may include you in the list of Founders Society. However, should you wish to remain anonymous we are happy to honor that request.
You may wish to consider including a gift to Riverview in your will or living trust. It’s a simple process whereby your Financial Advisor adds a clause to your will or trust. It is also flexible. You can structure the bequest as a fixed amount or a percentage of your residual estate.
Continue supporting our work even after your lifetime by naming Riverview School as a beneficiary of your retirement plan, life insurance or insurance annuity assets.
Charitable Remainder Trusts (CRT)
A charitable remainder trust has two beneficiaries. In most cases, one of them is you (and possibly your spouse,) and the other is Riverview. During your lifetime you receive a set percentage of investment income from the charitable trust. After your death, Riverview then receives whatever remains in the trust. There are potentially significant tax deductions and exclusion from capital gains taxes.
Charitable Lead Trusts (CLT)
A charitable lead trust is basically the same concept as a charitable remainder trust, but in reverse. With a CLT, Riverview receives a certain percentage of investment income every year. Once you pass away, whoever you’ve named as the beneficiary (a spouse or children) receives the assets that remain. Again, there are potentially significant tax deductions and exclusion from capital gains taxes.
IRA Charitable Rollover
Charitable gifts may be rolled over from a traditional or Roth Individual Retirement Account (IRA) without incurring federal income taxes, with certain restrictions:
- The donor must be age 70 ½, or older
- The cap on annual IRA rollovers is $100,000
- The contribution must be a direct gift to a charity (no planned gifts.)
An IRA Charitable Rollover may be appropriate for you if:
- You do not need the additional income generated by the minimum required distribution, OR
- Your charitable gifts already equal 50% of your adjusted gross income, so you do not benefit from an income tax charitable deduction for additional gifts, OR
- You are subject to the 2% rule that reduces your itemized deductions, OR
- You do not itemize deductions.
Join the Founders Legacy Society
The Founders Legacy Society recognizes all those who have made a bequest provision, a life income gift, or other planned gift commitment to Riverview.