Honor Someone Special With a Future Gift in Their Name
Establishing a memorial or tribute gift is a meaningful way to honor someone you love or to celebrate a special occasion such as a birthday while supporting your community. Your memorial or honor gift will be a lasting tribute to your loved one and will make a difference in the lives of thousands of people we serve.
An Example of How It Works
When Sarah's father passed away, she knew she wanted to do something that would establish a lasting legacy for him. She remembered that during his lifetime he trusted Innovia Foundation to make the best use of charitable dollars for the benefit of his community.
Sarah decided to make a gift to Innovia Foundation in her father’s name using appreciated securities. Not only will her father’s legacy live on at Innovia Foundation thanks to the gift, but Sarah also received a federal income tax charitable deduction (because she itemizes her taxes) and eliminated capital gains tax on the securities.
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Not Sure How to Begin Planning?
Download our FREE Personal Estate Planning KitInformation contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. If you do not currently have a professional advisor, please contact our office for a list of current professional advisors. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.