There are many methods of giving to The Forward Fund, each of which provides certain advantages to the donor and all of which benefit Forward Movement.

Gifts of Cash and Other Assets
An outright cash gift is the simplest method of giving and qualifies for a full charitable deduction.  A three- to five-year pledge period has been established for The Forward Fund.  Capital assets, including stocks, bonds and securities worth more than when originally purchased can be contributed to Forward Movement, leaving the donor free of tax liability on the capital gains which could be incurred if such assets were sold on the open market.  Certain limitations do apply and donors are encouraged to consult their advisors concerning such gifts.

Corporate and Matching Gifts
Owners of closely held corporations can benefit by contributing through the company.  This avoids dual taxation of both the corporate and personal incomes. Many corporations have matching gift programs under which the value of an employee’s or director’s (or spouse’s) gift may be doubled, sometimes tripled.

Trusts and Life Income Gifts
Several vehicles enable the donor to make a sizable gift now and save income taxes, while providing the donor income for life.

Charitable Remainder Trust
The donor sets up a charitable trust using cash or other assets that have increased in value, receives a current-tax year deduction and retains the income from the assets. Forward Movement will receive the trust’s assets when the last income beneficiary dies.

Charitable Gift Annuity
The Episcopal Church Foundation, as Forward Movement’s gift planning partner, establishes an annuity with the donor using a gift of cash or other assets. The donor receives a current-year tax deduction and a guaranteed income for life. A portion of the income will be tax-free for a number of years. The amount of income depends on the age of the income recipient - the older the person, the higher the income. This is a popular gift for older donors. The annuity income to the donor may also be deferred for retirement benefit.

Life Estate Contract
This is an arrangement that enables a donor to contribute a personal residence and/or farm and continue to reside on the property and/or to collect income for the property.  The donor receives an income tax deduction in the year the gift is made, based on the donor’s age and the fair market value of the property.  This arrangement provides the same estate tax benefits as a similar gift by will and saves probate costs.

Charitable Lead Trust
This is an arrangement in which the assets are placed in a trust and the income earned by the assets is given to Forward Movement for a number of years.  The asset then passes back to the donor or to the donor’s beneficiaries.  A charitable lead trust offers a number of tax advantages and can be most useful in gift and estate tax planning.

To Help With Your Decision
More information about the various methods of giving and the procedures for transferring funds may be obtained by emailing orders@forwarddaybyday.com.