We have the tools

to help you change the world.

Philanthropy offers valuable estate planning benefits and allows you to build charitable giving into your estate plans. In addition to providing for your loved ones, you may choose to create a unique fund at Southeastern Illinois Community Foundation or add to one you have already established so that you can make a difference for future generations.

The correct plan for you should balance what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plans. We can work with you and your attorney or financial advisor to help you prioritize your goals, while achieving the most favorable income tax benefits available. Some future gifts may allow you to receive an income during your lifetime and benefit your favorite causes after you have passed.

How to Give

When you seek a planned giving option, Southeastern Illinois Community Foundation will work with you and your professional advisors to set up the best type of fund to support the causes you care about.

Planned gifts include:

  • Bequest by Will or Trust
  • Charitable Remainder Trusts
  • Retirement Plan Assets

A bequest is made through a donor’s will or living trust. It is easy to establish and revocable. Donors who leave a bequest to charity can take an estate tax deduction of 100 percent of the gift's value. You can state your bequest as a set amount of cash, securities, or other assets; or as the “residue” or a “percentage of the residue” of the estate. (Please see our sample bequest language.)

What to Give

Charitable Remainder Trusts

A donor may transfer assets to a charitable remainder trust that provides a specified distribution percentage to one or more (income) beneficiaries for life, or a term of years, with the remainder interest paid to charity. There are two kinds of Charitable Remainder Trusts:

Charitable remainder unitrust. A CRUT requires annual revaluation of the trust assets — which typically changes the value of the unitrust payment — and allows donors to make additional gifts to the trust.

Charitable remainder annuity trust. A CRAT does not allow donors to make additional gifts to the trust, and CRAT assets are not revalued annually, so the income beneficiary receives the original cash amount.

Charitable Lead Trusts

A donor may transfer assets to a charitable lead trust. A charity is the income or “lead” beneficiary for a lifetime or term of years, after which the remaining assets are distributed to the donor or other beneficiaries.

Life Insurance/IRA Beneficiaries

In larger estates, retirement fund assets distributed to family members may be subject to double taxation, first through the donor’s estate tax, and then through the beneficiary's' income tax. IRA accounts listing Southeastern Illinois Community Foundation as the beneficiary are free of estate and income taxes. Not only can Community Foundation be named as the beneficiary of a life insurance policy, but a donor can also transfer the policy irrevocably to the Community Foundation and claim an income tax deduction for the policy’s cost basis or cash surrender value (whichever is less). Any subsequent premium payments will be tax-deductible.

Gifts of Farmland

A gift of farmland allows the Community Foundation to maintain ownership of the land indefinitely. Our Fields of Opportunity farmland giving program puts Southeastern Illinois Community Foundation in a unique position to receive and retain gifts of farmland and use the available income to benefit local charities that make our rural hometowns stronger and better places to live. Learn more. 

Gifts of Stocks and Bonds

A gift of your securities, including your stocks or bonds, is an easy way for you to make a gift. By making a gift of your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets. Learn more.

Gifts of Real Estate

A gift of your real property (such as your home, vacation property, vacant land, farmland or ranch or commercial property) can make a great gift. If you own appreciated real property, you can avoid paying capital gains tax by making a gift to us. Learn more.

Gifts of Retirement Assets

A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, is an excellent way to make a gift. By making a gift of your retirement assets, you will help further our work. Learn more.

Gifts of Cash

A gift of cash is a simple and easy way for you to make a gift. You will receive a charitable tax deduction that will provide you with savings on this year's tax return. Learn more.

Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to us. If your life insurance policy is no longer needed or will no longer benefit your survivors, consider making a gift and help further our mission. Learn more.

Gifts of Business

As a business owner, you have the opportunity not only to build your business (and wealth) for yourself and your family, but also to accomplish your philanthropic goals through charitable planning. Learn more.