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                    Camp Fire Alabama's Planned Giving Program
                     
                   

By remembering Camp Fire Alabama through planned giving, you support mission-based programs and services for Alabama's children, youth and families. 

                     
                   

Camp Fire Alabama Planned Giving Basics

There are many flexible, convenient giving options that will help you maximize your charitable gifts. To begin your planned giving process, consult with an attorney, tax adviser or professional estate planner to ensure you are going to realize the greatest benefit from your gift. If you would like more detailed information about giving to Camp Fire, please contact us at 205-324-2434. We would be happy to speak with you or arrange a meeting.

Specific ways to remember Camp Fire Alabama through planned giving include:

                   

Direct Cash Gift

This is the simplest and most popular type of charitable gift. It goes to work immediately, meeting current organizational needs. You receive an income tax deduction for the full amount you give. If you are interested in making a contribution now, please click here.

                     
                   

Gift of Appreciated Securities

This gift includes stocks or bonds that will provide an extra tax benefit to you.  In addition to receiving an income tax deduction for the fair market value of the security, you also avoid taxes on any capital gains.

                     
                   

Charitable Bequest to Camp Fire

It can be as simple as a sentence or two in the body of your will. Your bequest may specify a certain sum of money: "I give to Camp Fire Alabama the sum of $ to be used for general purposes." You may also name a particular asset such as stock shares or a portion of the residue of your estate after other bequests have been paid. Because it is revocable (meaning you can change or cancel it at any time), a bequest provides no current income tax deduction. However, when a bequest is distributed, the amount will be deductible from your taxable estate - potentially significantly reducing the tax burden passed along to your family.

                     
                   

Life Insurance Policy

This option can provide a significant future gift to Camp Fire at an affordable present cost to you. Many individuals own some form of life insurance because of its unique ability to meet a variety of needs for financial protection, but its role in planned charitable giving is unfortunately frequently overlooked.

Giving a new or existing policy will provide a tax deduction for the present face value of the policy and/or the future premiums you pay if Camp Fire Alabama is named as beneficiary and owner of the policy. (Simply designating Camp Fire Alabama as beneficiary does not result in a tax deduction.)

                     
                   

Charitable Remainder Trust

This is a planned giving arrangement in which assets are irrevocably transferred to a trustee under a trust agreement. Income (and in some cases, principle,) from the trust is paid to the donor and/or other beneficiaries for life or a term of years. At the end of that time, Camp Fire Alabama receives the remaining trust assets.

Such trusts offer great flexibility in meeting individual income and planning needs. The trust payout rate, set in consultation with Camp Fire, may be a fixed amount or a percentage of the trust assets as revalued annually. At the time of transfer, the donor receives a tax deduction for the actuarially determined present value of the reminder interest.

                   
                    Planned Giving FAQs

Q. What is planned giving?
A. Planned giving, or charitable gift planning, is a way for individuals to provide financial support to an organization during their lifetime and even beyond. Many planned giving arrangements are typically made known in a will or trust that goes into effect after a person's death.

Q. Do I really need a will?
A. Whether or not you plan to support Camp Fire or other groups through your will, it is important to have one. Without this legal document, you will not have control over how your money or possessions are distributed after your death.

Q. How do I determine what is in my will?
A. Your estate plan should be based on the types of past experiences, issues, causes, individuals or groups that have made a difference in your life. An estate plan protects your assets, your family and the integrity of your desire to continue to support meaningful experiences.

Q. What tax benefits will I receive through planned giving?
A. Depending on how much you give and the method you choose, you could realize significant tax benefits. Your attorney or professional tax adviser can tell you the exact tax benefits your gifts are eligible for.

Q. What if my family thinks I am "reducing" their inheritance by providing a gift to Camp Fire?
A. You should always think of what your family needs and make appropriate decisions before you consider giving to Camp Fire. Share with them your Camp Fire experiences and memories, and let them know how you feel about your legacy living on through the organization. Nine out of ten times, your family will not only understand your desire to remember Camp Fire in your will - they'll strongly encourage you to do so. Plus, you may find that what is being reduced may provide less of a tax burden to your family.

                   
                    Have a question? Call us @ 205.324.2434 or email This email address is being protected from spambots. You need JavaScript enabled to view it.