The Hennessy Rodimer Legacy Society

Giving the Gift of Hope

The Benefit of Your Gift

As you consider becoming a partner with The Tri-County Scholarship Fund, you may be surprised to learn that many options are available for you to make a gift. All options are important and appreciated. But with any gift you make to The Tri-County Scholarship Fund, there will also be many benefits to you, the donor such as:

• the potential to receive income for life
• significant tax advantages
• the ability to provide significantly for loved ones
• the potential to supplement your own retirement plans
• the opportunity to honor a special person

Additionally, as a distinguished member of the Hennessey Rodimer Legacy Society you will receive:

• recognition in the Fund's Annual Report (anonymous gifts are welcome)
• the immeasurable satisfaction of supporting and participating in the vision, mission, and legacy of The Tri-County Scholarship Fund

Design a Plan that Fits Your Needs

Gifts of Cash - The Simplest Way to Give

The Tri-County Scholarship Fund receives gifts of cash each year because it is the simplest way to give. A gift of cash is fully deductible in that tax year, unless the total amount exceeds 50 percent of your adjusted gross income.

If you cannot use all of your total charitable deduction in one year, you may carry the excess amount forward for up to five years.

Publicly Traded Securities - Avoid Capital Gains Tax

Publicly traded securities such as listed stocks, bonds, and fund shares entitle you to deduct the fair market value of the security on the date the gift is received. Under appropriate circumstances, securities in a closely held corporation can also be a wise charitable contribution asset.

Wills and Bequests - Vital Documents

Drafting a will may seem like a daunting task until you realize all the good that comes from having a will. A bequest in your will lets you pass any amount you wish to The Tri-County Scholarship Fund free of estate tax. You can give cash or specific property, a dollar amount, or a percentage of your estate with restrictions or without.

Life Insurance - A Versatile Tool for Many Purposes

When you first obtained your life insurance policies, you obviously felt a need for them. But perhaps you don't need all that coverage today, yet you still have those policies. If you're thinking about a contribution to The Tri-County Scholarship Fund, a gift of your life insurance is a sensible and generous course of action.

Charitable Remainder Trusts - A Gift Plan that Actually Gives Income Back to You

• Annuity Trust- A Gift to The Tri-County Scholarship Fund with Predictable Benefits to You
  

  This plan will pay you, year after year, the same dollar amount you choose at the outset. The income payments are fixed, based on the starting valuation. Then after your lifetime (and the lifetime of a surviving beneficiary, if desired), the trust remainder is available to support the Fund's mission.

• Unitrust - A Gift with Built-in Flexibility
  

  A charitable remainder unitrust is like a combination of a gift and an investment plan. You place assets in trust and you, and/or your beneficiary, receive lifetime income from them, then The Tri-County Scholarship Fund receives the remainder. With a unitrust, the amount you receive as income is a set percentage of the value of the trust assets. This option is excellent for a supplemental retirement plan.

• Charitable Gift Annuity - Fixed Income for Life
  

  A charitable gift annuity is a contract between you and The Tri-County Scholarship Fund that provides you and/or another beneficiary with a fixed annual lifetime income (some of which may be tax free income), an income tax charitable deduction, and upon termination of the annuity, a significant gift to The Tri-County Scholarship Fund.

• Charitable Lead Trust - Preserve an Inheritance
  

  If you are concerned about the possibility of the government taking a huge part of the assets you were planning to leave your heirs, there's a way to pass assets to your family with significant estate tax savings while at the same time making a gift. After The Tri-County Scholarship Fund receives the income from assets in the trust, the principal goes to your family, with the estate or gift taxes usually reduced or even eliminated. This lead trust is an exceptional way to transfer property to your heirs at minimal tax cost.

• Retirement Funds - Costly to Inherit
  

  Did you know that your retirement plan assets are facing double taxation? If you leave the assets to your heirs, you'll generate "income in respect of a decedent." So not only is the amount diminished by estate taxes, but the recipient also must pay income taxes on it! If you can make other provisions for your family, there's a better option for your retirement plan assets --- a charitable gift.

• Living Trusts - Keep Control of Your Assets
  

  A living trust lets you provide for yourself and your family before and after your death. Like wills, living trusts are fully revocable so you can change or terminate them at any time during your life. But unlike wills, the terms of a living trust can be put into effect immediately.

• Life Estate & Gifts of Real Estate - An Option that Lets You Have it Both Ways
  

  Let's assume you like the tax break that a gift of appreciated property would offer, but you want to continue living in your personal residence for your lifetime. You can make a gift of your home, even though you continue living there. This retained life estate may also provide you with a way to let someone other than you or your spouse, perhaps your child, have life occupancy of your home with reduced tax obligations. Additional gifts of real estate property include commercial property and interests in land as well as personal property such as artwork, sculptures, paintings, and book collections.

Taking the Next Step

Joining Hennessey Rodimer Legacy Society

In the previous sections, you've learned about the various ways for you to support The Tri-County Scholarship Fund through creative charitable planned giving by becoming a member of the Hennessey Rodimer Legacy Society. The Fund's officers have developed a plan for The Tri-County Scholarship Fund's future that includes a vision of where the Fund should be in the years to come. You and other donors have been the major reason that the vision of providing access to a quality, value centered education to children is successful. To maintain that excellence, we need your continued support, especially in the area of planned gifts.

If you have already named The Tri-County Scholarship Fund as a beneficiary of a planned gift, we thank you and welcome you to the Hennessey Rodimer Legacy Society.

By informing us of your gift, you will assist us with future planning and provide us with the chance to thank you and give you the recognition you deserve.

The Tri-County Scholarship will be happy to provide any additional information you might desire and to work with you toward planning a gift that would be of benefit to you, your beneficiaries, and the Fund.

The information in this website is not intended as legal advice. For legal advice, please consult your attorney or financial adviser.

The I.R.S. recognizes The Tri-County Scholarship Fund as a tax-exempt, 501 (c) (3) not-for-profit organization.

Our Federal tax I. D. number is 22-2354475