Bequests: Give Through a Will
Name the Florida Recreation and Park Association Foundation, Inc. in your will or living trust, by a codicil to your existing will or an amendment to your trust document. Your attorney can assist you.
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Gift of Life Insurance
You can name the Florida Recreation and Park Association Foundation, Inc. on your whole or universal life insurance policy or you can turn in the policies to the Foundation for the cash value of the policy at time of transfer and receive a tax deduction.
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Non-Cash Gifts
You can make a donation to the Foundation of non-cash gifts, such as stocks and real estate, that have appreciated substantially. This would give you the benefit of not realizing any capital gains and possibly the benefit of tax deduction.
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Charitable Trusts
You can discuss with your attorney the advantages of establishing a gift to the Foundation through a charitable trust. If you select a charitable remainder annuity trust or unitrust you are entitled to receive income for the remainder of your life. You are also entitled to a charitable gift deduction in the year that it is established. You can establish a charitable lead trust with the Foundation receiving the income annually during your lifetime or for a specified length of time. Upon your death or the end of a specified time period, the remainder of the trust may go to a family member or friend.
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