Planned Giving
"Planned giving" is a term used to describe a wide variety of gift vehicles that allow you to give to Pierce Law during your lifetime and/or after your death, while meeting your current income needs and providing for your heirs. Planned giving is typically done in conjunction with estate planning, and is a viable option for donors of all income levels.
Planned giving may be attractive to you for many reasons. It may allow you to make larger gifts than you otherwise might have thought possible. Depending on how a planned gift is set up, it may also let you receive a stream of income for life, earn greater income than is earned from holding an asset, or reduce your capital gains or estate taxes. Planned gifts often appeal to people who want to benefit Pierce Law but aren't certain how much of their assets they'll need for themselves during their lifetimes.
Members of the Pierce Law staff can assist individuals and families who wish to consider such gifts. In every case, the law center will work to ensure your financial objectives are accounted for and that your gifts will accomplish priorities shared by you and the law center.
For more information about the planned giving options outlined below, please contact us .
Bequest
Including a charitable bequest in your estate plan is a simple way to make a lasting gift to Pierce Law while enjoying the assets you need to maintain your current lifestyle. Making a bequest to Pierce Law is an easy way to transfer assets - cash, securities, real estate, life insurance. You can do it at any age by adding to an existing will or drafting a new one.
You may provide for Pierce Law with either a specific amount or a percentage of your estate by using either of these sets of language: "I bequeath the sum of $10,000 to Franklin Pierce Law Center, located in Concord, NH" or "I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal and wherever located, to Franklin Pierce Law Center, located in Concord, NH."
Charitable Gift Annuity
A charitable gift annuity is a simple agreement between you Pierce Law-in exchange for a gift of cash or publicly traded securities, we promise to pay you (and/or a loved one) a guaranteed lifetime income.
To establish a gift annuity, you contribute funds or assets to Pierce Law, and we make fixed annuity payments to you for the rest of your life. You receive an immediate income tax deduction for a portion of the gift, and a portion of each payment to you is treated as a tax-free return of the investment. The portion of the gift not used for payments benefits the nonprofit organization.
Charitable Remainder Trusts
With a charitable remainder trust you can support Pierce Law while gaining an immediate
income tax deduction, reducing estate taxes, potentially eliminating capital gains taxes, increasing income from assets and providing for your beneficiaries. This flexible giving arrangement is best suited for gifts totaling more than $100,000.
A charitable remainder trust allows you and/or other designated beneficiaries to receive income from a trust for your lifetime(s), or for a period of years. At the end of that time, the balance of the trust is transferred to Pierce Law. You can take a charitable deduction for a portion of the gift you make to the trust in the year the trust is formed. (In some cases, additional funds may be added in later years.) The two most common types of charitable remainder trusts are annuity trusts and unitrusts, which differ in how the income you receive from the trust is calculated and distributed.
Charitable Lead Trusts
A charitable lead trust allows you to designate Pierce Law to receive a regular, fixed amount from a trust for a specified time period or the lifetime of a designated person. At the end of that time period, the remainder of the trust passes to your designated heirs or other non-charitable beneficiaries.
Life Insurance
Life insurance provides a simple way for you to give a significant gift to charity with tax benefits that you can enjoy during your lifetime. Whether you donate an older policy that
you no longer need, or start a new policy to fund a major charitable bequest, life insurance offers a unique way to leverage relatively modest.
Contact us
Laura S. Chaney
Director of Development
Phone: (603) 228–1541 ext. 1181
Fax: (603) 225-4016
development@piercelaw.edu
lchaney@piercelaw.edu
