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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.

“Where’s Scott?”


Debi and Scott Kroman's Story:


The young girls in Lark Cottage eagerly anticipate the monthly evenings with their Special Angels of the Five Acres Children’s Guild.  Debi Kroman wanted to share the experience with her husband Scott but needed to figure out how to entice him to join this group of women.

Debi and Scott are successful professionals whose parents “came from nothing” in Kansas and Europe.  They share solid values and high principles that were passed on by two very different heritages.  The Kormans consider themselves fortunate and want to pass on to the Lark girls the guidance and help they know is crucial.  Debi says, “When you look at our society, you see that life isn’t as simple anymore.  It is not as easy for kids.”  

Without children of their own, Debi and Scott decided to become involved in the lives of children who live in their own community of Altadena.  Debi became a “special friend” to one of Five Acres’ boys but found dealing with separation when he moved on after two years emotionally difficult.  When one of Debi’s clients suggested she join the Guild, she knew she’d found the ideal way to “give back.”   

Scott agreed to come to the Guild’s annual summer barbecue for the Lark girls and “flip the burgers.”  The girls eyed him warily at first but soon decided they liked having a man around the house.  So much so that at the next Guild gathering the girls asked, “Where’s Scott?”  He’s been a regular ever since.

When asked, “Why Five Acres?” Debi and Scott agree that observing up close how their donations are used, the stability of staff who stay for decades, and the stories of “hopeless” cases turning into successes confirm that there’s no better place for them to invest their time and resources.

Debi and Scott have wisely created an estate plan that relieves their families of difficult end-of-life decisions and also ensures that their legacy at Five Acres will live on. 

For information about how you can provide for your loved ones as well as the causes you care about, please contact Cynthia Nickell at (626) 798-6793 Ext. 2250 or email her.