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Planned giving

More information about supporting Explorit through different planned giving options. Please call the Explorit Executive Director at 530.756.0191 for more information or with a question. Thank you for considering supporting Explorit in this way.

  • A bequest is a gift made through a will or living trust. Bequests normally assume one of two forms. Specific bequests give a sum of money or specific items of property. Residuary bequests are paid from the remainder of the estate after all specific bequests have been paid.
  • A Gift Annuity (also referred to as a "Charitable Gift Annuity" or "CGA") is a contract (not a "trust"), under which a nonprofit, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money to one or two individuals, for their lifetime
  • A Donation of Life Insurance of an existing policy whose coverage is no longer essential is a popular and practical way to make a significant gift to a nonprofit. The donor can irrevocably assign or transfer the policy to Explorit as owner and beneficiary. This type of gift is generally not subject to gift tax, and in most cases may be eligible for a charitable income tax deduction.
    A donor can take out a new policy in the name of Explorit and spread the payments over a period of years. At the donor’s death, Explorit will receive the full face amount of the policy. Meanwhile, donation receipts will be issued for the premiums paid, thus reducing the actual cost of the gift.
  • A Charitable Remainder Trust is an arrangement in which money is donated to a nonprofit, but the donor continues to receive income from it while living. The trust beneficiaries receive the income and the nonprofit receives the principal after a specified period of time. The grantor avoids any capital gains tax on the donated assets, and also gets an income tax deduction for the fair market value of the remainder interest that the trust earned. In addition, the asset is removed from the estate, reducing subsequent estate taxes.
  • A Charitable Lead Trust is a trust that makes payments to the nonprofit for a term of years. The remaining funds then go to whomever the donor designates at substantially reduced gift and estate tax cost.
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