Charitable Trusts, Life Estates, Life Insurance, and other Planned Gifts often create ideal situations for Donors and are frequently the sustainable influence for local charities.

Planned Giving alternatives allows the Donor to setup parameters during their lifetime which support the causes and charities they believe in.  Additionally, certain types of Planned Giving can substantially reduce estate taxes, taxes paid on capital gains, or provide charitable deduction for federal income tax.

Planned Giving is ideal for those individuals who wish to have a positive influence on the community long after they are gone.

Charitable Remainder Trust

Charitable Remainder Trusts are trusts whereby the donors and named beneficiaries are to receive, during their lifetime, quarterly distributions equal to a percentage of the fair market value of the fund determined at the beginning of the year.  Upon their deaths, the principal and income of the fund may be used to establish funds within the Foundation.

Charitable Lead Trust

A Charitable Lead Trust is the reverse of a charitable remainder trust. This type of trust can be created by a deed of a trust or a will. Donors can stipulate that an annuity or uni-trust payment be made to a fund for any duration of years, after which the principal is paid to the donors or to any other non-charitable beneficiary.

Life Estates

Life Estates provide a way for Donors to gift a residence or farm to The Scranton Area Foundation. the Donor is entitled to a charitable income tax deduction for the present value of the remainder interest while escaping potential capital gains tax on the property’s appreciation.

Life Insurance

By assigning a Life Insurance policy to The Scranton Area Foundation, the Donor can support the causes and charities they believe in. People often purchase Life Insurance when they need protection either for their family, business, or estate. Later in life, they may find that they do not need as much insurance. As a result, they sometimes find it desirable to use insurance policies to make charitable gifts.