Consult your financial adviser or call our Fund Development & Marketing Director, Catherine Kort at (805) 485-6114, ext. 641, as we would be happy to point you in the right direction for independent, expert advice on how your gift can leave a legacy.
"Every day, somewhere in Ventura County, a child wakes up uncertain about their future; wondering if they are safe, desperately hoping for security and some sense of stability. Interface provides that temporary safety net for so many at risk. My planned gift will insure that there are always funds to provide the vital services that our community needs."
- John Davidson, Past Interface Board Member, President, Davidson Insurance & Financial Services
Types of Planned Gifts:
Life insurance gifts empower you to make a generous financial contribution to Interface when you may not have many assets. In addition to providing you with the opportunity to become a Legacy Society member, your gift will help ensure that future generations of families are safe, healthy and thriving. There are several ways that you can structure a gift of life insurance to Interface.
One of the easiest planned gifts is to include Interface in your will or revocable living trust. You can make bequests for specific dollar amounts, a percentage of an estate, or for a remainder amount after other bequests are fulfilled. You can make this provision as part of a new will or add it to your existing plan as a codicil to your will or an amendment to your trust.
Planned gifts can be restricted to the Interface endowment fund, thus securing the long-term future of Interface’s mission in our communities.
Charitable Gift Annuity
A charitable gift annuity is an agreement between you and Interface in which you agree to make a gift of cash or property and Interface agrees, in return, to provide you with a fixed payment (annuity). Annuity payments never change in size or frequency during the life of the annuitant(s).
Charitable Remainder Trust
A charitable remainder trust is a flexible way to make a charitable gift and receive an income. Assets are placed in an irrevocable trust that provides you and/or your beneficiaries with an annual annuity payment for life or a specific period of time. At the end of that time, the trust dissolves and Interface receives the remaining assets (charitable remainder).
Since each trust is individually tailored, there is more flexibility in the type of property that you can donate, including real estate, tax-free municipal bonds, and works of art or antiques. You decide the exact payout of the trust in consultation with the trustees you select. You can choose to receive a fixed dollar amount from the trust each year, or if you are concerned about the effects of inflation, you can choose to receive a fixed percentage of the trust assets as revalued each year.
Charitable Annuity Trust
A charitable annuity trust is most often used when your primary goal is to receive a fixed income annually for life. In exchange for your gift to Interface, we agree to make payments for life or for a specified number of years. The payments usually begin immediately, but you also can defer them to a later date. The amount you receive depends upon the amount of the gift, your current age, and your age when the payments are scheduled to begin. You also will receive an income tax deduction for the year in which you make the gift.
Charitable Remainder Unitrust
With a charitable remainder unitrust, you receive a variable income based on a fixed percentage of the fair market value of the trust assets, as determined annually. The trust provides a potential hedge against inflation, since income payments may rise over time. You can also structure the trust to defer income and maximize growth or to handle specific types of assets. You can claim an income tax deduction for the year in which the trust is created.
Charitable Lead Trust
A charitable lead trust allows you to preserve a large portion of your estate and pass assets tax-free to yourself or to your heir(s). The trust holds an income-producing asset for a fixed term, or your lifetime, during which Interface receives income. At the conclusion of the trust term, the asset is returned to you or your beneficiary.
Interface recommends that you consult with your financial advisor regarding planned gifts. We have a list of independent CPAs and financial advisors that are available for consultation, if you wish.
Interface Children & Family Services is a 501(c)(3) nonprofit organization and your gift is tax-deductible to the extent allowed by law.
For more information, email our Fund Development & Marketing Director, Catherine Kort at firstname.lastname@example.org.