Planned or deferred giving enables you to arrange charitable contributions in a manner that maximizes personal objectives and financial goals. Many plans provide flexibility during your lifetime, and the Emerald Valley Pickleball Foundation will realize their benefit sometime in the future. The most common types of deferred plans are bequests, retirement plan designations, charitable remainder trusts, and charitable gift annuities.
Donate Stock, Bonds, or Mutual Funds
Gifting stock, bonds, or mutual funds is a simple and powerful way to support the work of the Foundation. It also offers you a number of financial benefits:
You can easily donate appreciated stocks, bonds, or mutual funds.
The total value of the stock upon transfer is tax-deductible.
There is no obligation to pay any capital gains taxes on the appreciation.
Note: Individual situations vary so donors should consult their advisors.
A bequest in your will and naming the Emerald Valley Pickleball Foundation in your living trust are the easiest and most popular deferred gift plans. Donors may name the Emerald Valley Pickleball Foundation as a percentage beneficiary, for a specific dollar amount or specific assets, or as a residual or contingent recipient.
Retirement Plan Assets
Retirement accounts often are subject to income and estate taxes, which may be avoided or reduced through a deferred gift. Naming the Emerald Valley Pickleball Foundation as a beneficiary of your retirement account can provide a meaningful gift to the Emerald Valley Pickleball Foundation and produce significant tax savings for you and your heirs.
Charitable Remainder Trust
A charitable trust to benefit the Emerald Valley Pickleball Foundation is established when you transfer assets (cash, securities, or real estate) to a trust where the assets are invested to pay an annual, lifetime, or term-of-years income to you or other beneficiaries. When the trust matures, the remaining trust assets are distributed by the trustee according to your wishes. There are a number of charitable trusts available to meet your individual needs.
Charitable Gift Annuity
A gift annuity is a simple, contractual agreement between one or two donors and the Emerald Valley Pickleball Foundation in which assets are transferred in exchange for a lifetime annuity. Donors receive an immediate charitable income tax deduction and the rates are based on the age of the donor(s) at establishment.
Make a Donation from your IRA
There are two primary ways in which people donate from their IRAs, by bequeathing your IRA Account to the Foundation when you pass or by making a Qualified Charitable Distribution. Below is a more detailed description of each.
Bequeathing Your IRA: It’s easy to designate the Emerald Valley Pickleball Foundation as a beneficiary of your IRA (or any retirement account). You can obtain a Designation of Beneficiary Form from the financial institution that holds your IRA or retirement account and complete as directed. Keep in mind, you can designate the Emerald Valley Pickleball Foundation to receive your entire account or only a portion.
Make a Qualified Charitable Distribution: Often referred to as a QCD, a Qualified Charitable Distribution is a direct transfer of funds from your IRA custodian, payable to a qualified charity. Unlike a regular distribution from an IRA, amounts donated from your IRA using a QCD are not taxed as income to the owner. In addition, QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)*—there are requirements: You must be 70½ or older to be eligible to make a QCD. The maximum annual amount that can qualify for a QCD is $100,000. For a QCD to count towards your current year’s RMD, the funds must come out of your IRA by your RMD deadline, generally December 31. Additional rules and stipulations may apply, so please consult with your accountant to verify you qualify for a QCD before making a donation.