Advantages of Planned Giving to Grand

Forks Parks and Recreation Foundation

There are some significant reasons you may want to consider planning a gift to the GF Park District Foundation. According to the Association of Fundraising Professional (AFP), here are some reasons to consider planned giving:

 

Opportunities for Donors:

  • Income and estate tax deduction
  • Avoid or lessen capital-gains tax liabilities, if highly appreciated assets are contributed
  • An opportunity for increased income compared to other investments
  • Competent management of assets transferred as gifts
  • Pass assets to heir(s) after an established period of Foundation use

 

Opportunities for Recipients:

  • Enjoy either a fixed or variable income
  • Increased income compared to other investments

 

Types of Planned Gifts

There are two major types of planned gifts:

  • Outright or Current – a complete transfer or realized gift of cash or stock
  • Deferred – testamentary giving or life income arrangements to be realized in the future, such as bequests and charitable gift annuities

The specific nature of planned giving instruments varies by country, due to differing tax laws. In the United States, gift instruments include:

  • Bequests
  • Beneficiary Designations
  • Charitable Gift Annuities
  • Charitable Remainder Trusts
  • Memorial and Honorary Gifts
  • Endowed Gifts
  • Give Your Home, But Live There for Life
  • Charitable Lead Trusts

 

What to Give

Eight common ways to fund a gift:

  • Cash
  • Securities
  • Retirement funds
  • Savings Bonds
  • Real Estate
  • Closely Held Stock
  • Life Insurance
  • Life Insurance Death Benefits

If you are interested in talking with someone further about a planned gift for the Grand Forks Parks & Recreation Foundation, please feel free to contact these professionals:

Grand Forks Parks & Recreation Foundation Executive Director
George Hellyer, CPA – 746.2750

 

Attorneys

Sandra Dittus           701.772.8111          Zimney, Foster, P.C.

Grant Shaft              701.772.8156          Zimney, Foster, P.C.

Gretchen Handy      701.780.1286          Handy Law Firm (Certified Estate Planner)

 

Insurance Agents

Evan Wilcox             701.772.6651          Insure Forward

Bruce Vaaler            701.775.3131          Vaaler Insurance

 

Trust and Banking Officers

Wayne Zink             701.746.6010          Choice Financial

Carol Svendson      701.795.4559           Bremer Investments

Brenda Sem            701.795.3269           Alerus Financial Trust Dept.

 

Accountants and Attorneys

Michael Juntunen     701.775.4688          Fisher, Olson & Juntunen, Ltd.

Kirk Tingum              701.772.5511          Caldis, Tingum & Tingum, Ltd.