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GIVING

M A J O R    A N D   P L A N N E D    G I F T S

 

  Planned Giving
 
   

Legacy Gifts are one of the most significant demonstrations of commitment to the community that an individual can make.

A legacy gift, or deferred gift, is one which you decide upon now and which provides for your favorite nonprofit program later.

Contact Us
Please contact Development at 650-654-0200 x 215.

   

Legacy and Planned Giving Options

The Hiller Aviation Museum accepts a variety of planned gifts through partnership with the Silicon Valley Community Foundation. Any of these gifts will qualify you to join the Museum’s Legacy Society, a special group of visionary philanthropists recognized for the commitment they have made to the future of our community.

Bequests
The simplest way to leave a planned gift to benefit our community is to make a bequest by including specific language in your will or living trust naming the Hiller Aviation Museum as the recipient of a testamentary gift. Your will or living trust can include gifts in the form of cash, securities or personal property. You may contribute a specific dollar amount, a percentage or the residual of your estate in this manner. Your estate will receive a charitable deduction for the full donation, so your heirs will not pay estate tax on these assets. Please contact us (see below) for sample language.

Charitable Gift Annuity
Charitable gift annuities allow you to make a significant gift to benefit the community while receiving fixed payments for life, regardless of the economic climate. A charitable gift annuity is a simple contract between you and us. Please contact us (see below) for more information regarding our partnership with the Silicon Valley Community Foundation.

Charitable Remainder Trust
By transferring assets to a charitable remainder trust, you will receive an immediate tax deduction and income for you or your named beneficiaries for life or for a term of years. You may also reduce or avoid capital gains taxes associated with the asset. When the trust's term is complete, the remaining assets will pass to the community foundation. If desired, Silicon Valley Community Foundation has the capacity and expertise to act as trustee of your charitable remainder trust. Please contact us (see below) for more information regarding our partnership with the Silicon Valley Community Foundation.

Charitable Lead Trust
When you create a charitable lead trust and name the community foundation as an income beneficiary of the trust, the charitable lead trust will make regular income tax-deductible gifts to the community foundation for a term of years. When the trust terminates, the entire principal is returned to you or to your designee. Although the community foundation does not serve as trustee for lead trusts, we can provide more information about its charitable advantages. Please contact us (see below) for more information regarding our partnership with the Silicon Valley Community Foundation.

Retirement Plan Donations
Naming the Hiller Aviation Museum as a beneficiary of your retirement funds, such as an IRA, 401k or 403b, is a simple and effective way to benefit the community while avoiding significant, often unanticipated tax penalties. Donating retirement accounts can reduce or eliminate these taxes. Please contact us (see below) for more information regarding our partnership with the Silicon Valley Community Foundation.

Life Insurance Donations
Among the many ways to donate life insurance, the simplest is to designate the Hiller Aviation Museum as a beneficiary of the policy. You may also transfer ownership of a paid-up policy to the community foundation, or donate insurance policy dividends. Or, you may choose to name the community foundation the owner and beneficiary of a policy, making annual gifts to the community foundation in the amount of the annual premium. In this arrangement, the premium would be paid by the community foundation. Please contact us (see below) for more information regarding our partnership with the Silicon Valley Community Foundation.

Pooled Income Fund
If you are interested in the tax-saving benefits of a charitable trust, but also want to minimize investment risk and investment overhead costs, consider a pooled income fund gift. Your gift is combined with gifts from many members of the community to create a common investment portfolio. It operates much like a mutual fund. Your gift is invested and 100% of the net income is distributed in proportionate shares to you, or to whom you designate. Your gift to the Hiller Aviation Museum pooled income fund creates life income for you as well as an immediate income tax deduction for a portion of the gift. By funding your gift with an appreciated asset you might also avoid or reduce capital gains tax that you might otherwise have incurred by selling the asset outright.

Real Estate and Retained Life Estates
For information on how you can donate your real estate and retain its use for your lifetime, please contact us about the Real Estate Trust at Silicon Valley Community Foundation.

Contact Us
Please contact Development at 650-654-0200 x 215.




 
 


 

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