American Historical Society of Germans From Russia

> GIFTS OF LIFE INSURANCE Donors can name our Foundation as beneficiary of their life insurance policies. The policy's owner must complete a form provided by the insurance company, naming the Foundation as the beneficiary of the policy's proceeds. Since this gift is considered as 'revocable' there is no current charitable contribution income tax deduction. Moreover, the value of the property is includible in the decedent's gross estate and then is deductible as a charitable transfer. Donors may assign (give) life insurance policies outright to our Foundation and deduct the fair market value as of the time of the gift. For a paid up policy, the deduction is very close to the cash surrender value. Donors may deduct premium payments -up to 50% of adjusted gross income in any one year. The value of the property is not includible in gross estate unless the insured retained any incidents of ownership (i.e. the right to change beneficiary, take out loans, and the like). Our Foundation must be named or endorsed as the owner of the policy by the insurance company. > ENDOWMENT FUND GIFTS Donors can establish an Endowment Fund. The principal will remain invested permanently, with the earnings stream, like a wellspring, to be used in perpetuity for purposes designated by the Donor family. > LIFE ESTATE RESERVED Donors owning a home, farm or ranch may choose to live there for life and receive a charitable deduction by making a current gift of the calculated 'remainder interest' to our Foundation. The 'life tenant' continues to pay the maintenance, taxes and insurance, but when he or she passes away, the Foundation will receive the property. Donors can also exchange the remainder interest in their home for a Gift Annuity, effectively converting a non-earning asset into one that generates a wonderful, tax advantaged income stream! > BEQUESTS - WILLS By having an attorney draft, revise or add a simple amendment to their Will, Donors can make a charitable bequest of a dollar amount, specific property, a percentage of their estate, or what is left after all others have been taken care of. Donors should also consider contingent bequests - naming one or more charities - in case their primary beneficiaries predecease them.

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