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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.

Sharing Good Fortune

Dorothy Phillips' Story:


“She was a private lady,” Al Meymarian said of Dorothy Phillips, “with a tremendous care for the elderly, battered, abused and anyone in need.” Mr. Meymarian considers it an honor to be the trustee responsible for the distribution of Ms. Phillips’ estate to charities such as Five Acres.  A long-time local resident Ms. Phillips was a nurse who eventually owned and operated a successful convalescent hospital in Pasadena. “She was always helping people and wanted to share her good fortune with those who were without – in a very quiet way,” Mr. Meymarian added. Ms. Phillips’ generous donation through her charitable remainder trust represents a significant sharing of her good fortune with children whose futures will be vastly improved because of her gift.

For questions or to receive a brochure about including a provision in your estate plan for the children and families Five Acres serves, please contact Cynthia Nickell at (626) 798-6793 Ext. 2250 or email her.