List of 6 items.

• BEQUESTS

  A Bequest is a provision in a Will or Revocable Trust that specifically states an amount or percent of one's estate to be donated to a charitable organization. The organization can receive a bequest in the form of cash, real estate, stocks, bonds, or other marketable securities.

   

  Click here for Sample Bequest Language.

   

  If you would like to transfer marketable securities (i.e. stocks, bond, or mutual funds) to Columbus, please email our Chief Financial Officer, Mrs. Ana Perez-Abreu, at aperez-abreu@columbushs.com for instructions.

• IRA CHARITABLE ROLLOVER

  On December 18, 2015, the IRA Charitable Rollover became a permanent law. This law allows taxpayers age 70½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without having to recognize the distribution as income. This method of giving requires that the gift go from your IRA directly to a qualified charity (i.e. Columbus).
  
  

  You may also choose to name a charitable organization as a beneficiary of your IRA (assets will pass at IRA owner's death). Either method will result in the organization receiving funds without any income tax liability to the donor or their heirs.

   

  Please contact your IRA custodian for necessary forms to accomplish this.

• CHARITABLE REMAINDER TRUST

  A Charitable Remainder Trust is an Irrevocable Trust that provides income to the donor and/or their heirs either for life or a specified period of time. When the trust terminates, the balance of the trust is distributed to specified charitable organization(s). Payments to the donor or their heirs can be done either through a fixed payment (annuity) or a fixed percentage that calculates the payout annually. The donor receives a tax deduction based on life expectancy, current interest rates, and payout rate chosen. This method benefits the donor with an immediate tax deduction, ability to transfer appreciated assets without recognizing capital gains, and generating higher income on lower yielding assets.

• CHARITABLE LEAD TRUST

  A Charitable Lead Trust is an Irrevocable Trust where the organization receives income for a specified period of time, after which the principal reverts back to the donor's heirs or anyone else they choose to designate. It is essentially the opposite of a Charitable Remainder Trust.

• LIFE INSURANCE

  Individuals may give to a charitable organization through ownership of a life insurance policy. Columbus can be named as the beneficiary of an existing or a new life insurance policy. With this method, a donor can make a substantial gift at a fraction of the cost (i.e. pay insurance premiums only and organization receives death benefit, which is typically larger).

   

  Please contact your insurance representative for necessary forms to accomplish this.

• REAL ESTATE

  You can donate property to CCHS, but retain the right to use the property for your benefit as long as you live. Such gifts may present a current charitable deduction and avoid potential capital gains tax on the appreciation.