Planned Giving

• How it works:
  • Donor names Lee Pesky Learning Center (LPLC) in their will. Possibilities
    • Leaves a specific amount
    • Leaves a percentage of estate
    • Leaves a percentage of the remainder of estate (i.e., what’s left after certain distributions are made, for example, to loved ones)
    • These gifts can be unrestricted, or restricted for a particular purpose
• Benefits:
  • These gifts pass to LPLC free of any estate taxes.
  • Removing these assets from the estate will lower the amount of taxable estate.
• Ideal for:
  • Anyone who would like to leave a gift to LPLC
  • Anyone who is unsure about their expenses towards the end of life

  • Particularly valuable for those who are concerned about estate taxes

• How it works:
  • Donor makes a gift to LPLC
  • LPLC pays donor a percentage of that amount per year, for life
  • Donor realizes a tax deduction in the year of the gift
  • Remainder (what’s left at the end of donor’s life) passes to LPLC for support of its mission
• Benefits:
  • Meets charitable goals and provides an income stream for life
  • Diversifies retirement income
  • Provides a stream of income for life for the donor and/or a loved one
• Ideal for:
  • Donors who wish to make a charitable contribution (and realize a deduction), yet who also need reliable income for retirement
  • Donors who wish to make a charitable contribution (and realize a deduction)who wish to provide an income stream for a third party (e.g., parent, assistant)

• How it works:
  • Donor transfers ownership or names LPLC as beneficiary of their life insurance policy
• Benefits:
  • Allows a donor to create a charitable legacy without invading cash and other assets designated for heirs or loved ones
• Ideal for:
  • Anyone who would like to leave a gift to LPLC
  • Anyone looking to also provide for heirs or loved ones in a meaningful way
  • Anyone looking for tax relief

• How it works:
  • Donor transfers ownership of a parcel of real estate to LPLC
  • LPLC sells the real estate and uses the net proceeds to support its mission
  • Can be used to fund a life income gift
• Benefits:
  • Charitable income tax deduction for fair market value
  • Donor does not have to oversee the sale
• Ideal for:
  • Donors who own real estate who no longer need it
  • Donors who prefer not to handle the sale of real estate themselves
  • Collectors
  • Owners of highly saleable assets

Download the Letter of Intent for Estate Gift Form

Double taxation on retirement plan withdrawals decreases their value for your heirs. Consider providing other assets to heirs and naming the Lee Pesky Learning Center as the beneficiary of your retirement accounts. You can save taxes and preserve your hard-earned assets for the good of your community.

• How it works:
  • Donor names LPLC as the beneficiary of retirement assets
• Benefits:
  • Donor avoids double taxation on retirement plans, which decreases their value
  • Donor avoids income tax on IRA rollovers (up to $100,000 annually)
  • Provides other assets to be designated to donors heirs or loved ones instead
• Ideal for:
  • Anyone who would like to leave a gift to LPLC
  • Anyone looking to also provide for heirs or loved ones in a meaningful way
  • Anyone looking for tax relief