| Tools For Giving | ||
| A full understanding of the many possibilities of charitable giving, which can offer specific tax benefits, can also help your clients achieve financial, personal or business goals. | ||
| You have four basic ways to give, depending on how involved you wish to be. If you want Crossroads’ experienced staff to make the choice of a grantee, your donation can be made to an unrestricted fund. If you already know an organization that you want to help, then you can choose a designated fund. If you care about a special cause, but you’re not sure which organization best addresses that need you could choose a field of interest fund. If you are ready to become an active participant by reviewing and recommending recipients in your community then choose a donor advised fund. We want to be a resource for you as well as a philanthropic partner for your clients. Give Now Donors can establish a Crossroads fund with a minimum of $10,000. We make the process quick and easy, even if gifts are complicated. What type of giving suits you best? Your choice of four types of permanent endowments |
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| Designated Funds | This choice will ensure that certain organizations receive the exclusive benefits of your gift. | Maynard Education Foundation Fund To support educational enrichment programs and services for Maynard schools |
| Donor Advised Funds | When you’d like to be an active participant in the process, selecting grantees each year. | Kaiyana Fund To teach the children of the donors the value of philanthropy |
| Field of Interest Funds | Your option when you’d like to narrow your focus to one or more issues or concerns. | MetroWest Watershed Preservation Fund To support water quality and related land protection activities in the MetroWest region |
| Discretionary Funds | This is your best choice when you’d like to invest in a changing array of MetroWest’s most pressing needs. | Trustees and Advisors Fund Established in 2006, this fund will support our community’s greatest needs |
| Give Later Here are some tools for giving later... You can use a retirement plan, insurance policy, will, revocable trust, or any such device that provides funds upon your death or that of a beneficiary. At that time, these funds will flow directly into the type of endowment you requested during your lifetime. You can also create a donor advised fund for family members. Your estate will receive a tax deduction for your Bequest or you can choose Life Income Gifts, deferred gifts that can provide income for you or a loved one during your lifetime. The remaining balance then pours into the endowment you designed. No matter which you choose, Crossroads will help you and your advisors choose the best option for your financial and charitable goals. Some tools for planned giving |
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| Bequests | The simplest way to leave a legacy from your estate is to write Crossroads Community Foundation into your will. | A Bequest is a way for an individual to transfer ownership of specific assets to other persons or organizations upon his or her death through a will or trust. |
| Charitable Gift Annuities | This popular life income option guarantees you a fixed annual income for life. | A Charitable Gift Annuity is a contract between you and the Foundation. In exchange for your gift of cash or stock, Crossroads guarantees you or someone you name a certain fixed annual income for life. |
| Charitable Remainder Trust | Trusts are the option of choice for larger gifts. | With a Charitable Remainder Trust, Crossroads accepts your assets as a gift-in-trust and in turn pays you or someone you name an agreed-upon income for life or a specified number of years. |
| Pooled Income Funds | You and your designees get income for life, plus a major tax deduction now. | A Pooled Income Fund works somewhat like a mutual fund: your gift is mingled with other gifts in a single investment pool, with the aim of minimizing management expenses and leveraging everyone’s combined investment. |
