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BENEFICIARY DESIGNATIONS

 

How it works:

Name Sunrise as a beneficiary on your retirement plan or external donor advised fund. All or part of your remaining plan pass to Sunrise at your passing to support the programs you designate.

How you benefit:

 

RETIREMENT PLAN (e.g., 401(k), 403(b), IRA)

  • You can continue to take distributions from your retirement accounts during your lifetime.

  • You can create a tax-efficient estate plan by leaving other assets to loved ones, which — unlike retirement plans — are not subject to both income and estate tax (if applicable).

  • You can change your beneficiary designation at any time.

  • Sunrise uses the proceeds as you designate.

 

DONOR ADVISED FUND

  • You continue to make recommendations from your external donor advised fund.

  • You can change your beneficiary designation at any time.

  • Sunrise uses the remainder proceeds as you designate.

Beneficiary Designations

CHARITABLE GIFT ANNUITY

 

How it works:

Give cash or securities to Sunrise. Sunrise pays the fixed amount to donor or other annuitant for life. Remainder passes to Sunrise at annuity termination.

 

How you benefit:

  • You or loved ones receive fixed income for life.

  • You receive an income tax charitable deduction at time of gift.

  • You pay no capital gains tax at time of gift of appreciated assets held more than one year.

  • You receive favorable tax treatment for a portion of annuity payments.

  • You diversify your assets.

Charitable Gift Annuity

CHARITABLE REMAINDER TRUST

 

How it works:

Make a gift of cash, securities, or real estate into a trust. The trust will pay a designated percentage to the donor or beneficiary. Remainder passes to Sunrise at trust termination.

 

How you benefit:

 

  • You or loved ones retain income stream from donated assets.

  • You receive an income tax charitable deduction at time of gift.

  • You pay no capital gains tax at time of gift of appreciated assets held more than one year.

  • You can make additional gifts to the trust over time.

Charitable Remainder Trust

DEFERRED CHARITABLE GIFT ANNUITY

 

How it works:

Make a gift of cash, or securities to Sunrise with payments deferred. Sunrise pays fixed amount to donor or other annuitant for life, beginning on a future specified date. Remainder passes to Sunrise at annuity termination.

 

How you benefit:

  • You receive the same benefits as those of a charitable gift annuity (see above)

  • Your payout rate is higher and income tax charitable deduction is larger than immediate payment gift annuity.

  • Your future start date can coincide with important life events, such as a retirement or a grandchild’s college years.

Deferred Charitable Gift Annuity

DONOR ADVISED FUND

 

How it works:

Make a gift of cash, securities, or real estate to Sunrise to create a donor advised fund. Donor would recommend annual distributions to support programs as designated at Sunrise or any other charities designated in the fund.

 

How you benefit:

  • You streamline your gift planning by using the fund as the primary source of your charitable giving.

  • You get an immediate income tax charitable deduction based on full fair market value of the assets and avoid capital gains tax (on appreciated assets held more than one year).

  • You maximize your tax benefits by making gifts to your fund at any time without having to recommend distributions until later.

  • Your fund assets grow tax-free, are professionally managed, and are invested in institutional-quality no-load mutual funds.

  • Sunrise administers the fund, makes distributions in the fund’s name, and provides all necessary tax-reporting information.

  • You can add to the fund at any time.

Donor Advised Fund

DONOR DESIGNATED FUND

 

How it works:

Make a gift of cash, securities, or real estate to Sunrise to create the fund. Donor would recommend annual distributions to support programs as designated at Sunrise.

 

How you benefit:

  • Your fund can simplify and streamline charitable giving to Sunrise

  • You get an immediate income tax charitable deduction based on full fair market value of assets and avoid capital gains tax (on appreciated assets held for more than one year).

  • Maximize your tax benefits by making gifts to your fund at any time without having to recommend distributions until later.

  • Your fund assets grow tax-free, are professionally managed, and are invested in institutional-quality no-load mutual funds.

  • Sunrise administers the fund, makes distributions in the fund’s name, and provides all necessary tax reporting information.

  • You can add to the fund at any time.

Donor Designated Fund

IRA CHARITABLE ROLLOVER

 

How it works:

Instruct IRA custodian to distribute assets directly to Sunrise. IRA distribution to Sunrise is tax-free.

 

How you benefit:

  • Your distribution is tax-free

  • You can satisfy all or part of your annual required minimum distribution

  • You can satisfy outstanding pledges with an IRA distribution

 

TAX CODE REQUIREMENTS

  • You must be 70½ at time of distribution

  • Distribution cannot exceed $100,000 per year per individual

  • Distribution must come directly from IRA custodian

  • You cannot receive any goods or services in return for the gift

IRA Charitable Rollover

RETAINED LIFE ESTATE

 

How it works:

Give all or a portion of personal residence to Sunrise (including farms, ranches, etc.), subject to a right to reside in it for life. You would live on the property - maintaining it and paying all expenses. When the life estate ends, Sunrise sells the property to support the designated programs.

 

How you benefit:

  • You continue enjoying the property for life.

  • You get an immediate income tax charitable deduction based on the fair market value of property, less the value of the life estate.

  • You can terminate the life estate early and receive a second tax deduction.

  • Your property is no longer part of your taxable estate and passes to Sunrise immediately on termination of the life estate.

Retained Life Estate

WILL/LIVING TRUST

 

How it works:

Include Sunrise in your will or trust. Sunrise receives your gift at your passing. Your legacy lives on at Sunrise.

 

How you benefit:

  • Assets remain in your control during lifetime

  • Can be modified if necessary

  • You designate the gift’s purpose, if desired.

Will/Living Trust

Thank you for considering a gift to Sunrise of Pasco. We invite you to contact our Development Office and we can connect you with can refer you to a local investment specialist who can offer free guidance to meet your needs.

 

Please also let us know if you have already included a gift to Sunrise of Pasco in your estate plan so we can honor your enduring commitment by inviting you to join

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The Sunrise to Sunset Legacy Club 

is our community of planned gift donors.

LEGAL NAME / TAX ID

All charitable gifts should be directed to :

Sunrise of Pasco County, Inc.

 

 

Tax ID# 59-2284119

 

A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE WITHIN THE STATE (1-800-435-7352).  REGISTRATION DOES NOT IMPLY ENDORESEMENT, APPROVAL, OR RECOMMENDATIONS BY THE STATE.

 

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Are you ready to move forward?  

 

Great! Please email us and let us know what you want to do!

 

Or do you have questions?  Please feel free to contact us and we can refer you to one of our financial partners to help. We are very grateful for your commitment and investment in Sunrise and your support of survivors.

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Kelly Sinn

CEO

ksinn@sunrisepasco.org

352-521-3358 

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Contact Info
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