Planned Giving
Charitable gift annuities
The charitable gift annuity is among the oldest, simplest and most popular planned gifts. In exchange for cash or marketable securities, Reid Foundation contractually guarantees to pay a specified lifetime annuity to a beneficiary. The Foundation follows recommended rates of return established by the American Council on Gift Annuities.
Charitable remainder trusts
Defined and regulated by the IRS, a Charitable Remainder Trust (CRT) is established through the advice and counsel of financial and estate planners. The CRT provides the donor with an immediate charitable gift deduction and can also reduce estate taxes. The Foundation participates in the planning process when Reid Foundation serves as Trustee.
Gifts of life insurance
Some donors find they can accomplish their charitable goals by carefully planning how life insurance benefits will be handled. Life insurance proceeds can be used for establishing trusts, or Reid Foundation can be designated as the beneficiary.
Bequests
Many supporters of Reid's Mission use their wills to make a final expression of commitment by inserting a "charitable bequest" into the will. A charitable bequest clause can pledge a specific dollar amount, a specific asset or a percentage of an estate to be given upon execution of the will. Bequests also offer opportunities to reduce estate tax liability.
