Planned Giving Contributions

Life Income Gifts

Life income gifts allow you to receive an income as a result of making a charitable gift.  Depending on the type of plan you choose, the income can be fixed or variable and can be for you or other beneficiaries you choose.  For example, you might create a charitable remainder trust to pay income to you for life and contribute money, stock or other property to it.  Once placed in the trust, the assets can be sold (avoiding capital gains tax) and the proceeds reinvested to produce a higher yield.  Life income gifts entitle you to an immediate income tax deduction, which is based on the present value of your future gift to us.

 

Life Insurance

You can contribute a life insurance policy to Salem's Riverfront Carousel by naming us as either the owner of the policy or simply as the beneficiary.  If you name us as owner and beneficiary, you will be entitled to an income tax deduction limited to the lower of the value of the policy or your cost basis in the contract.  In addition, if you continue to pay premiums on a policy that we own, you can deduct the premium payments.

 

Real Estate

If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option.  You can claim an income tax deduction based on the fair market value of the property, avoid all capital gains taxes and remove that asset from your taxable estate.  Or, you can transfer your home, farm or vacation rental to Salem's Riverfront Carousel now and continue to use the property for the rest of your life.  Due to the complexities involved, we encourage you to contact us to discuss any gift of real estate.

 

Wills/Bequests

The easiest way to leave a legacy for Salem's Riverfront Carousel is to remember the Carousel in your will.  You can name a specific amount or indicate a percentage of your estate to be directed to the Carousel.  Following is more information for making a charitable bequest to Salems Riverfront Carousel.

 

Sample Language for Wills and Estate Plans

I bequeath to Salem's Riverfront Carousel, an Oregon non-profit organization, with its principal offices located at 101 Front Street NE, Salem, Oregon, the sum of $______ (or ____% of my residuary estate) to be used at the discretion of its governing board for the Carousel's ongoing work.

 

Please note that the sample language above should be written or adapted by legal counsel to fit your individual situation. 

 

Additional Information for Your Attorney

Legal name: Salem's Riverfront Carousel  

Address: 101 Front St. NE, Salem, Oregon  97301

Phone: 503-540-0374 Fax: 503-763-0630

(Please contact us for additional Tax ID information).