Funding the Future . . .
Foxcroft's financial success rests on each of us; to insure Foxcroft's future we must all make substantial gifts relative to our means. Every Foxcroft generation has a critical responsibility to help provide the shoulders, the direction and the support for those generations that follow. We are bound by a covenant of generosity: we benefited because others joyfully gave; now we must give so others may receive. It is our hope that these gifts will be given joyfully, providing personal satisfaction as well as significant tax benefits.
There are many ways to structure your donation; each offers unique advantages to you and to Foxcroft. Details of several options are listed below to facilitate your choice; from them you may select the form of giving that best suits your financial goals.
OUTRIGHT GIFTS
The most direct way to support Foxcroft is through an outright gift of cash or securities. These gifts offer you a full tax deduction and provide an immediate benefit to Foxcroft. Outright gifts made in the form of a pledge may be extended over a three-year period. Many firms offer matching gift programs for outright gifts made by their employees and their spouses.
LIFE INCOME GIFTS
Life income gifts allow you to make a gift to Foxcroft that will pay you income for life. These "giving and receiving" gifts are an unusually effective way of reaching your personal financial goals while supporting Foxcroft at the same time.
THE CHARITABLE LEAD OR REMAINDER TRUST
These trusts often provide an attractive way for you to make substantial gifts to Foxcroft while passing on capital to your children and grandchildren.
BEQUESTS
These are a wonderful way to honor Foxcroft's legacy by supporting future Foxcroft generations. If you wish to include Foxcroft in your estate plan, your attorney can suggest the appropriate language to do so.
GIFTS OF REAL ESTATE
Gifts of appreciated real estate may afford you substantial tax advantages. You may even give Foxcroft a percentage of a property in order to reduce the taxes incurred by its sale. Real estate can be used to fund most income-producing trusts. Also, you can make a gift of property and retain a life interest in it.
GIFTS OF RETIREMENT FUNDS
When you make Foxcroft a beneficiary of your retirement account, your estate enjoys a considerable tax advantage.
If you have questions or would like additional information, please contact the Development Office at development@foxcroft.org or 540.687.4510.