Planned Giving

Planned Giving is a great way for you to ensure that fighting hunger is part of your legacy. A planned gift is your investment in a better world—one where all children, families, and seniors get the nutritious food they need for years to come. Your planned gift provides Feeding South Dakota with the confidence and the means needed to plan for a successful future - to continue our hunger relief efforts throughout the entire state of South Dakota.

For more information on Planned Giving please contact Stacey Kutil at 605.335.0364 or email him at stacey.kutil@feedingsouthdakota.org.

Planned gifts may include:

IRA Charitable Rollover

Beneficiary

Bequest Designation Gifts

Charitable Gift Annuity

Charitable Remainder Unitrust

Charitable Remainder Annuity Trust

Charitable Lead Trust (for Family)

Sale and Unitrust

Bargain Sale

Give It Twice Trust – Help Family and Charity

Life Estate Reserved
 

IRA Charitable Rollover

An IRA Charitable Rollover may benefit you and your charity by:

  • Avoiding taxes on transfers of up to $100,000 from your IRA to your charity
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of your recipient(s)


Beneficiary

You can designate Feeding South Dakota on your retirement, investment, bank account, life insurance policy or land gift. This is an excellent way for you to perpetually support Feeding South Dakota and our mission to end hunger in South Dakota. A beneficiary/bequest designation gift is a simple and affordable way to make a gift to support Feeding South Dakota. Benefits of these gift designations may include:

  • Supporting the cause(s) that you care about
  • Continue to use your account as long as you need to
  • Simplify your planning and avoid expensive legal fees
  • Reduce the burden of taxes on your family
  • Receive an estate tax charitable deduction

 

Bequest Designation Gifts

Bequests are an act of giving personal property or financial assets such as stocks, bonds, jewelry and cash to an individual or organization through the provisions of a will or estate plan. Bequests can be made to family, friends, institutions or charities. They can be an excellent way for you to support Feeding South Dakota's mission by leaving us in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.

A bequest is generally a revocable gift, which means it can be changed or modified at any time, exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Bequest is gift(s) left through your will to a specific person(s) or entity. Benefits of a charitable bequest:

  • You may receive an estate tax charitable deduction
  • You may reduce the burden of taxes on your family
  • Leave a lasting legacy to charitity

 

Charitable Gift Annuity

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a contract between you as an individual(s) and the annuity company and provides you an income stream for your life.  Any remaining funds are paid to your beneficiary designation.  Annuities can provide you with a secure source of fixed payments for life.

Charitable Gift Annuity may benefit you as you:

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free
  • Further the charitable work of Feeding South Dakota with your gift

 

Charitable Remainder Unitrust

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!

Benefits of a charitable remainder unitrust:

  • Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
  • Avoid capital gains on the sale of your appreciated assets
  • Receive an immediate charitable income tax deduction for the charitable portion of the trust
  • Establish a future legacy gift to Feeding South Dakota

 

Charitable Remainder Annuity Trust

You may be looking for a way to receive fixed income for life or a number of years. You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.

Benefits of a charitable remainder annuity trust:

  • Receive fixed income for life or a term of up to 20 years
  • Avoid capital gains tax on the sale of your appreciated assets
  • Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to Feeding South Dakota
  • Establish a future legacy gift to Feeding South Dakota

 

Charitable Lead Trust (for Family)

If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.

Benefits of a charitable lead trust:

  • Receive a gift or estate tax charitable deduction
  • Pass inheritance on to family at a reduced or zero cost
  • Establish a vehicle from which you can make annual gifts to charity

 

Sale and Unitrust

Are your appreciated assets, such as stock, bonds or real estate, producing little or no income? If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.

Benefits of a sale and unitrust

  • Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
  • Receive income from the unitrust for the rest of your life and future retirement
  • Obtain an income tax deduction that may reduce your tax bill this year
  • Further the work of Feeding South Dakota with your gift

 

Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you. This is a part sale, part gift in which the donor receives less than the full/fair market value of the property.     

Benefits of a bargain sale:

  • Avoid capital gains tax on your charitable gift
  • Receive a tax deduction that will reduce your tax bill this year
  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy -new property or achieve other financial goals
  • Help Feeding South Dakota further our important charitable work

 

Give It Twice Trust – Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to Feeding South Dakota. The “give it twice” trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Benefits of a give it twice trust:

  • Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the important charitable work of Feeding South Dakota

 

Life Estate Reserved

You may desire to leave your home or farm to Feeding South Dakota at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!

Benefits of a life estate reserved:

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child
     

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.