Planned Gifts
As a nonprofit community service agency, Planned Parenthood of Northeast Florida invites gifts, bequests and endowments from
individuals, corporations and foundations. These donations will assist PPNF in building our future and protecting access to
reproductive health care and information for generation to come. All investment income from the Fund is allocated to the
agency’s general operating expenses.
Outright Gifts
Outright gifts of cash, securities, or real property generally allow a current charitable tax deduction and have the effect
of reducing federal estate taxes by reducing the amount of assets in the estate at death. Gifts of appreciated stock or real
property (held over one year) permit the donor to make a larger gift at a lower cost through use of the charitable deduction
for the full fair market value of the gift. Such a gift also enables the donor to escape any tax on capital gains with respect
to the property contributed.
Gifts Through Last Will and Testament of Trust: Bequests
Bequests through a donor’s last will and testament and/or distributions through a donor’s trust at death are also common means
of charitable giving. The donor’s estate can reduce its federal estate tax liability, as the estate will receive an estate tax
deduction for the charitable gifts.
Charitable Gift Annuity
A charitable gift annuity is one of the oldest, simplest and most popular methods of making a deferred charitable gift. A
gift annuity is part gift/part investment, where in exchange for a transfer of cash or marketable securities. PPNF will
contractually guarantee to pay a specific income to the donor or another beneficiary for his or her lifetime. The donor
can claim a current charitable deduction for that portion of the transfer and a portion of each annuity payment is income
tax free.
Charitable Trust
Charitable trusts can provide income to the donor and/or beneficiaries for either a period of years or for the beneficiaries’
lifetimes. At the end of that period or at the death of the last beneficiary, PPNF receives the remainder of the Charitable
Remainder Trust. Essentially, these plans are funded in two different ways:
Charitable Remainder Unitrust (CRUT) - The primary feature of the Unitrust is that it provides for payment to income
beneficiaries in an amount that varies from year to year. At inception, the donor determines the fixed percentage to be
distributed of at least five percent. The donor is allowed a charitable deduction equal to the present value of PPNF’s
remainder interest. The charitable deduction is based on the valuation of the principal, and the age(s) of the beneficiaries,
along with the payout selected.
Charitable Remainder Annuity Trust (CRAT) - A specified annual payment, based on a fixed percentage of the trust (at
least five percent) at the date of inception, paid annually to the income beneficiary or beneficiaries for life. PPNF receives
the remainder. There can be no additional contributions.
Charitable Lead Trust
Charitable Lead Trust provides for a gift of an income interest from property to PPNF for a term of years of any duration,
after which the property either reverts to the donor or passes to a non-charitable beneficiary designated by the donor.
Charitable Lead Trusts may be established either during the donor’s life or through the donor’s will.
Life Insurance Gifts
A donor can irrevocably name PPNF as the owner and primary beneficiary of a life insurance policy. The donor is allowed a
federal income tax charitable deduction for the lesser of the policy’s fair market value or the future premiums paid. An
income tax reduction for contributions to enable the charity to pay subsequent premiums is also allowed. PPNF owns the policy
and has access to the policy’s cash value. On the donor’s death, the face value of the policy will be included in the gross
estate, and therefore no federal estate tax due on the insurance.
Retirement Plans
If a donor names PPNF as a beneficiary of his/her retirement plan, there is no estate tax or income tax on that portion of
his/her retirement funds. The donor can also name a Charitable Remainder Trust as the beneficiary as long as certain
conditions are met.
Because many variables can change the effectiveness of planned gifts, donors should review their circumstances and objectives
with their own lawyers or financial advisors. If you would like to know more about any of the above ways of giving to PPNF,
please call Gabrielle Franks, Vice President of Client Services
at (904) 399-2800 ext. 135 or email gabrielle.franks@ppfa.org.
Thank you for your support!