Types of Planned Gifts

Wills and Living Trusts

Planning for the future and creating the legacy a donor wishes to leave is one of the most effective ways to ensure a lasting impact.  By making a gift in their will or living trust, known as a bequest, guarantees their legacy continues.  The gift may be a specific dollar amount, a percentage of their estate, or the remainder amount after all other provisions are specified.

Beneficiary Designations

Not everyone wants to commit to making a gift in their wills or estates.  Some prefer the increased flexibility that a beneficiary designation provides by using:

    IRAs and Retirement Plans

    Life Insurance Policies

    Donor Advised Funds

    Commercial Annuities

    It is very simple to name the Georgia FFA Foundation as a beneficiary.  Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website.  Make your desired changes and return the form to establish your gift.

    IRA Charitable Rollover/

    Qualified Charitable Distribution (QCD)

    A Special Opportunity for Those 70 ½ Years Old and Older

    A donor can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the Georgia FFA Foundation without having to pay income taxes on the money.  Gifts of any value $100,000 or less are eligible for this benefit.  This gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

      Why Consider this Gift?

      The gift can be put to use today, allowing you to see the difference your donation is making.

      Beginning in the year the donor turns 73, the gift can be used to satisfy all or part of the required minimum distribution (RMD).

      The donor pays no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so the donor benefits even if they do not itemize your deductions.

      Since the gift doesn’t count as income, it can reduce the donor’s annual income level. This may help lower the donor’s Medicare premiums and decrease the amount of Social Security that is subject to tax.

      Gifts of Appreciated Security

      Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to the Georgia FFA Foundation.  Making a gift of securities or mutual funds offers the donor the chance to support the work of the Foundation while realizing important benefits for the donor.

      When a donor donates appreciated securities or mutual funds in support of our mission, they can reduce or even eliminate federal capital gains taxes on the transfer.  The donor may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of transfer. 

      Securities are most often used to support our work in the form of:

      An Outright Gift

      When a donor donates securities to the Foundation, they receive the same income tax savings that you would if you wrote a check, but with the adding benefit of eliminating capital gain taxes on the transfer, which can be as high as 20%.

      A Transfer on  Death TOD Account

      By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.

      Real Estate Gifts

      This is a way to give to the Georgia FFA Foundation without touching your bank account. Donors can give real estate, such as a personal residence, vacation home, farm, commercial property, or undeveloped land. A gift of real estate also helps the donor. When the donor gives the Georgia FFA Foundation appreciated property they have held longer than one year, they qualify for a federal income tax charitable deduction and may minimize or eliminate capital gains tax. The donor also no longer has to deal with that property’s maintenance costs, property taxes, or insurance, or have to hassle with selling. The donor can deed the property directly to the Foundation.

      Donor Advised Funds

      A donor advised fund (DAF), which is like a charitable savings account, gives the donor the flexibility to recommend how much and how often money is granted to the Georgia FFA Foundation and other qualified charities. The donor can recommend a grant or recurring grants now to make an immediate impact or use their fund as a tool for future charitable gifts. The donor can also create a lasting legacy by naming the Georgia FFA Foundation the beneficiary of the entire account or a percentage of the fund. With a percentage, the donor can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations.

      Endowed Gifts

      An endowment gift to the Georgia FFA Foundation today provides a brighter picture for our future. When a donor makes a donation to an endowment, the donor gives a gift with both immediate and long-term benefits. Endowment donations are invested, and a portion of the annual income from the investment is used to address immediate needs at the Foundation. The remaining funds are reinvested to ensure indefinite support. An endowment gift of $25,000 or more can be named at the donor’s request.