You can do your part to extend the great legacy of the Forsyth family through a planned giving opportunity.
There are several ways you can make a significant future gift to Forsyth while retaining, or in many cases increasing the income you receive from the asset used to make the gift. Before making your gift, talk to your financial professional.
A gift annuity is a simple contract between a donor and Forsyth, in which the Institute promises to pay the donor and/or another designated beneficiary a guaranteed, fixed amount of annual income for life. In addition to the dependable income, you receive a charitable income tax deduction and reduced capital gains tax, if the gift is made with appreciated securities. After the death of the last beneficiary, the remainder goes to Forsyth.
A charitable remainder trust is an irrevocable trust which provides income to you or another designated beneficiary during your lifetime(s) and then distributes the remainder to Forsyth upon the death of the last beneficiary. Charitable remainder trusts are a good way to turn low-yielding assets, such as stock with a low dividend, into a higher life-income.
A charitable lead trust is the opposite of a remainder trust in that the income is paid to Forsyth for a specified number of years, after which the trust assets go back to you or another designated beneficiary. If you request that the property pass to your children or grandchildren at the end of the term, there can be significant estate tax savings. This is a way to make a generous gift and to transfer assets to children with much lower transfer tax costs.
You can make charitable gifts as tax-free transfers from your IRAs. If you're age 70 and a half or older you can make these gifts outright. If you're age 59 and a half you can make these gifts through a charitable remainder trust, gift annuity or pooled income fund.
For many donors, a gift made through their will is the best way to make a key contribution to a charitable organization. Donors can leave specific dollar amounts or a percentage of their estate. Through a bequest, a donor can make a gift commitment without depleting current assets and eliminate or reduce federal estate taxes. Bequests can be made through a will or a trust, which both allow for assets to be distributed to individuals and nonprofit organizations in the amounts or proportions you choose.
When you make a planned gift, you become a member of the Forsyth Society – an honorary group of individuals who are helping to extend the Forsyth legacy. You're joining others with a philanthropic vision to help Forsyth deliver on the promise of today's scientific advances. As a Forsyth Society member, you receive exclusive benefits such as quarterly updates on research advancements and the opportunity to attend an annual dinner with renowned scientists. You'll be recognized for generations to come via a plaque prominently displayed at the Institute as well as a listing in our annual report, in our bi-annual donor honor roll and on our web site.
Join the Forsyth Society in two simple steps:
