Ways to Give — What about planned giving?

Planned giving, one of our ways to give, is also referred to as gift planning or legacy giving. In essence it is a donor’s intention to contribute a major gift to an organization, beyond their lifetime. Here’s some important information about flexibility and tax savings, involving gifts that pay you income during your lifetime, and gifts that take effect upon passing.

Contact Violeta on the SVBC staff at violeta@bikesiliconvalley.org for more information.

Gifts that pay you income during your lifetime:

With a charitable annuity or remainder gift, you receive an immediate tax deduction while you or a designated beneficiary receives income during your life. The remainder or balance supports SVBC. If you fund this gift with appreciated assets, you may avoid capital gains tax.

Charitable Gift Annuity

  1. Fixed payments for life

  2. Income tax deduction (on present value of remainder interest)

  3. Tax-exempt income (partial)

  4. Avoidance of capital gains tax (partial)

  5. Possible federal estate tax savings

  6. Minimum gift $25,000

Charitable Remainder Trust

  • Payments for life or a fixed number of years

  • Income tax deduction (on present value of remainder interest)

  • Avoidance of capital gains tax (partial)

  • Ideal way to make a large gift with appreciated assets

  • Possible federal estate tax savings

  • Minimum gift (non–real estate) $250,000

Gifts that take effect on your passing:

Through your will, living trust, retirement plan, or insurance, you name Silicon Valley Bicycle Coalition as your beneficiary.

Will or Living Trust

  • Name SVBC in your will or trust

  • Designate a specific amount, percentage of your estate, or a particular asset

  • Your gift can be cash, stocks/bonds, real estate, or other assets

  • You have continued use of these assets during your lifetime

  • Flexibility—you may change the bequest at any time

  • Your estate receives a charitable tax deduction for the full amount of your bequest

  • Meet our legacy donors and find some sample language here.

Retirement Plans or Insurance

  • Name SVBC as a beneficiary of your IRA, 401(k) or 403(b) plan, or life insurance policy

  • Designate all or a percentage of the proceeds to SVBC

  • Naming SVBC can avoid the significant tax penalties levied when individuals inherit retirement plan funds

  • Possible estate tax savings

  • Flexibility—you may change the beneficiary designation at any time

See our Ways to Give page for a more complete view of ways to support SVBC.

Please note: The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.