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Planned Giving FAQ

 

Frequently Asked Questions


QWhat kinds of gifts does Five Acres accept?


A: Outright gifts of cash, securities or other property
(e.g., real estate, personally property).


A gift through your will or revocable trust, or through distribution from a retirement plan or life insurance policy.

A gift that returns lifetime payments to you, your spouse, or other individuals, such as a charitable gift annuity or charitable remainder trust.




QWhat assets can I use to make a gift?


A:  Cash, publicly traded securities or the remainder of your retirement account. Other possibilities are real estate, closely held stock and artwork.



Q:  What tax deductions are available?


A: Outright gifts generate a full income-tax charitable deduction. Those of appreciated securities are deductible at fair market value with no recognition of capital gains.

Gifts of personal property like art, books and collectibles are fully deductible if they are relevant to our mission.

Bequests are exempt from estate tax.

Life insurance distributions are exempt from estate tax.

A lifetime gift of an insurance policy generates a deduction for the value of the policy.

The charitable deduction for a gift that makes payments to you, such as a charitable gift annuity or a charitable remainder trust, is the fair market value of the gift asset minus the present value of the income interest you retain.


For additional information, please contact Cynthia Nickell at (626) 798-6793 Ext. 2250 or email her.

A Place in My Heart

Ed Pittroff's Story:


He’s the kind of volunteer most organizations pursue, the kind that stay committed long after their days of active participation.

Ed Pittroff’s first connection to Five Acres was at the opening of Beckham’s Place in the late 1970s. It was a fund-raiser for Five Acres, and Ed’s friend and Five Acres board president, Frank Hardcastle, invited Ed and then recruited him for the board of directors. Ed served two terms on the board for a total of 12 years, was honored twice both as the Volunteer of the Year and with the Special Recognition award, stayed on as a member of the finance committee for many years after that and is one of the original Ambassadors.

Through the family business, Login Printing, Ed and his son, Jim, took on all of Five Acres’ printing and helped create the format of this newsletter and the professional appearance of our annual reports. Ed’s wife, Maxine, recruited fellow members of the Sierra Madre Doll Club to create outfits for dolls as gifts to Five Acres girls.  Ed’s sister, Margaret Milligan, a philanthropist living in Oklahoma, shared Ed’s concern for children in need and made very generous grants through her foundation for many years.
 
Ed is deeply involved in organizations in addition to Five Acres such as the Tournament of Roses, the Pasadena Elks, the Pasadena University Club and USC – even though he graduated from the University of New Mexico. His support for Five Acres over 30 years, however, has never wavered.

“There is a need for Five Acres in our society because the need to take care of disadvantaged kids has grown greater. I still have a soft place in my heart for Five Acres.”

For information about ways to help Five Acres’ children and families in your estate plan, please contact Cynthis Nickell at (626) 798-6793 or email her by clicking here.