Other Donations
If you wish to make a gift to the Concord Historical Society, you may call the Society at (925) 827-3380, or if you wish to make other future arrangements or just have questions, you may write to Lloyd Crenna, Esq. at 242 Santa Margarita Drive, San Anselmo, CA 94901-1638, telephone (415) 453-4999. Lloyd will respond to your written questions or requests. You should, however, always consult your own professional tax or legal advisor.
Type of Gift |
Form of Gift |
Benefit to Donor |
Benefit to Concord Historical Society |
Gift during lifetime | Anything owned | Tax deduction when gift is made | Provides funds or other property for immediate use by CHS |
Bequests through wills | Anything owned at time of death | Fulfills donor’s wishes and charitable intent. Possible inheritance tax reduction | Provides funds at time of death for future programs of CHS |
Charitable Remainder Trusts |
Cash, securities and real estate worth $5000 or more | Annual income at fixed or variable amount; tax deduction when gift is made; capital gains tax may be avoided | Ensures substantial future funding; principal payable to CHS at death of donor |
Charitable Gift Annuity | Cash, securities and real estate worth $5000 or more | Fixed income for life; tax deduction in year of gift; income can be deferred until needed; no capital gains tax due at time of funding | Portion of funds available to CHS for present use; ensures future funding |
Charitable Lead Trust | Cash, securities, real estate | Allows property to be passed on to others at reduced transfer costs | Provides CHS with current annual income for the length of the trust |
Revocable (living trust) | Cash, securities, real estate | All or part of amount placed in the trust available to donor when needed; can give burden of managing assets to professionals to relieve individual; may be revoked/changed at any time | Current gifts may be made annually from trust; CHS as a charitable beneficiary receives significant amount at time of donor’s death |
Insurance policies | CHS as owner and beneficiary of policy currently in force |
Tax deduction for value of policy or premiums paid (whichever is less); future premiums may be deducted as charitable gift; donor can make large future gift at small present cost | CHS receives face value of policy at donor’s death |
Paid-up policy given to CHS | Tax deduction based on current value of policy or premiums paid (whichever is less) | CHS receives face value of policy at donor’s death | |
CHS named as beneficiary of policy, but not owner | Donor enabled to make large future gift at small present cost; donor may later change beneficiary; donor may borrow on policy but receives no tax deduction | CHS receives face value of policy at donor’s death | |
Retirement Plans | Company pension or profit-sharing plan , IRA, Keogh, tax-sheltered annuity | Donor over 59 may make current gifts to CHS through withdrawal of these funds and receive tax deduction on estate and for inheritors other than spouse | CHS receives current gifts for present funding; CHS named as beneficiary of plan receives funds at donor’s death; CHS as final beneficiary receives funds at spouse’s death |
Saving Accounts & Certificates of Deposit |
Joint ownership with right of survivorship only | Donor retains complete control of assets during lifetime; can use assets, change beneficiary or close account at any time | CHS receives assets at time of donor’s death |