ICON INTERNATIONAL FOUNDATION
Income-producing Gifts
Icon International Foundation life income plans offer a variety of ways to support our mission while providing income for you, family members or other
beneficiaries. In addition, you may benefit through the tax advantages and investment diversification derived from the execution of such plans. Theses
plans include:
Charitable Gift Annuities
The charitable gift annuity is among the simplest and most often utilized planned giving options in which you transfer assets to Icon in exchange for
guaranteed income payments for life.
Charitable Remainder Trusts
You can support Icon Foundation while providing an income for you, your spouse and / or another beneficiary for life or a set number of years.
Charitable Lead Trust
The charitable lead trust allows you to transfer assets to your heirs and make a significant charitable gift through your estate. Income from the trust
flows to Icon, typically for a stated number of years, after which the assets in the trust are distributed to your heirs.
Retained Life Estate
Your home can become a valued gift to Icon -- even while you are still living in it, and even if your spouse or other survivor continues to live there for life.
Icon International Foundation life income plans offer a variety of ways to support our mission while providing income for you, family members or other
beneficiaries. In addition, you may benefit through the tax advantages and investment diversification derived from the execution of such plans. Theses
plans include:
Charitable Gift Annuities
The charitable gift annuity is among the simplest and most often utilized planned giving options in which you transfer assets to Icon in exchange for
guaranteed income payments for life.
Charitable Remainder Trusts
You can support Icon Foundation while providing an income for you, your spouse and / or another beneficiary for life or a set number of years.
Charitable Lead Trust
The charitable lead trust allows you to transfer assets to your heirs and make a significant charitable gift through your estate. Income from the trust
flows to Icon, typically for a stated number of years, after which the assets in the trust are distributed to your heirs.
Retained Life Estate
Your home can become a valued gift to Icon -- even while you are still living in it, and even if your spouse or other survivor continues to live there for life.
Bequests
Even if you have a modest estate you can arrange to leave a charitable bequest by simply including Icon International Foundation in your will or living
trust. Such a bequest may be arranged in one of several forms:
You can leave a specific gift of cash, named securities, or other property.
You can designate a percentage of your estate or a portion of the residue as a gift.
You can create a Give it Twice Trust in your will to provide an inheritance to your heirs in the form of an income stream and all or a portion of the
remaining assets as a gift to Icon International Foundation
If you have minor children, you can create a “minors trust” which will provide for their education and support and allow for a charitable gift only when
those support obligations have been satisfied.
We invite you to name Icon International Foundation in your will, revocable trust, retirement plan, life insurance or other estate plan. A bequest is one of
the simplest and most popular ways to leave a legacy of hope for future generations of children. Through your will or trust, you can make gifts to family,
friends, and charitable organizations such as Icon International Foundation.
A bequest is easy to arrange (see sample text below):
It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
It is private – your will is not filed or made public until your death.
It is revocable – you can change the provisions in your will or trust at any time until death.
A bequest can deliver a specific gift to Icon's programs for children and youth. "I bequeath the sum of Ten Thousand ($10,000) Dollars." Or, it can
deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid – what's known as the residue
of your estate: "I bequeath ten percent of the residue of my estate." Generally, giving a percentage of the residue allows for more flexibility in your long-
term planning.
If you choose to make a bequest to Icon's Foster The Hope, children’s and youth programs, the following language may be helpful to your attorney:
I give, devise, and bequeath to Icon International Foundation (entire estate, percentage, residue, dollar amount, specific property) to a non-profit
corporation of California.
Bequest Frequently Asked Questions
What's the difference between a will and a trust?
A will is your instruction manual to your survivors about how you want your property distributed. It's a revocable, private document that only takes effect
after your death.
A revocable trust (sometimes called a living trust) is a legal entity that holds assets during your lifetime, then transfers ownership of them - or benefit
from them - upon your death. Unlike a will, a trust must take title to assets before it can pass them to your survivors.
There is no difference between wills and trusts in how transfers from them are taxed. In some states, however, the probate and distribution process is
simpler with a revocable trust. Your advisors can guide you in choosing which vehicle will work better for you.
What if I've already written my will or trust?
You can amend a will or trust to make a gift to Icon International Foundation. Your attorney can prepare the simple document, called a codicil, that adds
a new bequest to us while reaffirming the other terms of your will. Similarly, he or she can prepare an amendment to your revocable trust to add
Icon International Foundation as a beneficiary.
Even if you have a modest estate you can arrange to leave a charitable bequest by simply including Icon International Foundation in your will or living
trust. Such a bequest may be arranged in one of several forms:
You can leave a specific gift of cash, named securities, or other property.
You can designate a percentage of your estate or a portion of the residue as a gift.
You can create a Give it Twice Trust in your will to provide an inheritance to your heirs in the form of an income stream and all or a portion of the
remaining assets as a gift to Icon International Foundation
If you have minor children, you can create a “minors trust” which will provide for their education and support and allow for a charitable gift only when
those support obligations have been satisfied.
We invite you to name Icon International Foundation in your will, revocable trust, retirement plan, life insurance or other estate plan. A bequest is one of
the simplest and most popular ways to leave a legacy of hope for future generations of children. Through your will or trust, you can make gifts to family,
friends, and charitable organizations such as Icon International Foundation.
A bequest is easy to arrange (see sample text below):
It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
It is private – your will is not filed or made public until your death.
It is revocable – you can change the provisions in your will or trust at any time until death.
A bequest can deliver a specific gift to Icon's programs for children and youth. "I bequeath the sum of Ten Thousand ($10,000) Dollars." Or, it can
deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid – what's known as the residue
of your estate: "I bequeath ten percent of the residue of my estate." Generally, giving a percentage of the residue allows for more flexibility in your long-
term planning.
If you choose to make a bequest to Icon's Foster The Hope, children’s and youth programs, the following language may be helpful to your attorney:
I give, devise, and bequeath to Icon International Foundation (entire estate, percentage, residue, dollar amount, specific property) to a non-profit
corporation of California.
Bequest Frequently Asked Questions
What's the difference between a will and a trust?
A will is your instruction manual to your survivors about how you want your property distributed. It's a revocable, private document that only takes effect
after your death.
A revocable trust (sometimes called a living trust) is a legal entity that holds assets during your lifetime, then transfers ownership of them - or benefit
from them - upon your death. Unlike a will, a trust must take title to assets before it can pass them to your survivors.
There is no difference between wills and trusts in how transfers from them are taxed. In some states, however, the probate and distribution process is
simpler with a revocable trust. Your advisors can guide you in choosing which vehicle will work better for you.
What if I've already written my will or trust?
You can amend a will or trust to make a gift to Icon International Foundation. Your attorney can prepare the simple document, called a codicil, that adds
a new bequest to us while reaffirming the other terms of your will. Similarly, he or she can prepare an amendment to your revocable trust to add
Icon International Foundation as a beneficiary.
Charitable Gift Annuities
Has your income been affected by low interest rates? Are you concerned about the volatility of the financial and stock markets? Discover how you can
help Icon International Foundation a California corporation, and help yourself with a charitable gift annuity. The charitable gift annuity is among the
simplest and 'most often utilized' planned giving options.
How a Charitable Gift Annuity Works
A charitable gift annuity is part gift and part annuity. First, you make a gift of cash or marketable securities to the Icon International Foundation, a Public
Benefit California corporation. In exchange, we agree to pay you a fixed income for life (and, if desired, the life of a second beneficiary). Upon the death
of the last beneficiary, the funds become available to help us to carry out our charitable purposes, that is, to provide residences and education for our
homeless children and youth..
Through a gift annuity contract, you will receive guaranteed income payments for life. The amount of income paid to you is determined by your age
(or the annuitant’s age, if you will not be receiving the income) and the available interest rates at the time you create the annuity (older donors generally
receive higher payout rates for gift annuities). The annual income from charitable gift annuities can be greater than income received from savings
accounts, certificates of deposits, bonds and stock dividends.
The additional benefits allow you To provide a significant gift to benefit Icon's homeless youth while potentially increasing your income from current
assets Gain freedom from investment responsibilities. Simply receive a check in the mail, at a fixed rate of return Receive an immediate income tax
deduction
Save on future taxes. A portion of all your future annuity payments is tax-free for the estimated life expectancy of all income beneficiaries
Defer capital gains taxes. If you contribute appreciated securities, the capital gain for the “sale” portion is deferred over your life expectancy.
Example: Mrs. Jones, Age 7o, transfers $25,000 to Icon from her annuity. She will receive a guaranteed annual income of $2,050 for life ($25,000 x
7.11%). As a result, a portion of the annuity is a tax-free return of principal, the tax equivalent return is often considerably greater than the states
annuity rate.
Recommended rates by American Council of Gift Annuities: Rates are subject to change. Annuity amount will not change once the gift annuity is
established regardless of current economic or market conditions.
Deferred Charitable Gift Annuity
If you are among our younger donors, you might want to consider a deferred gift annuity agreement. To create a Deferred Gift Annuity, you transfer
funds now and receive an income tax deduction immediately for a portion of the gift. Payments to you will begin at a future date that you specify.
A number of donors use this giving method to enhance their retirement income or to defer current income. The Deferred Gift Annuity can also diversity
your investment portfolio. Many individuals have incorporated Deferred Gift Annuities into the fixed income portion of their diversified investment and
retirement portfolios.
Example: Mr. and Mrs. Jones, both aged 50, own a block of stock with a current value of $100,000. The couple purchased the stock in past years for
$20,000, and in spite of the increase in value the stock generates almost no income. The Jones could transfer the stock to Icon for a Deferred Gift
Annuity. They could receive a guaranteed annual income of $6,120 for life ($100,000 X ___%) and receive a charitable income tax deduction and
bypass part of the tax due on the $80,000 capital gain. Part of the annuity payment will even be tax free.
Charitable Remainder Trusts
A charitable remainder trust is a tax-exempt trust. Therefore, when assets are sold income earned in the trust it is not subject to capital gain or
income tax. One hundred percent of the proceeds from the sale of the assets can then be invested to produce income for you and your family. When
the trust ends, the remaining trust assets are transferred to Icon International Foundation. There are several different types of Charitable Remainder
Trusts allowing you the flexibility to design one that best meets your objectives.
Charitable Remainder Trusts enable you to support Icon International Foundation's programs to provide homes and education for homeless youth while
providing an income for you, your spouse and/or another beneficiary for life or a set number of years. At the demise of the last income beneficiary, the
remaining trust assets will be transferred to Icon International Foundation.
Among the benefits of a Charitable Remainder Trust, you may:
Generate income from assets you currently own
Receive an immediate charitable income tax deduction
Eliminate capital gains taxes on appreciated assets contributed to the trust
Reduce estate taxes, enabling you to pass assets to your heirs and make a meaningful gift to Icon International Foundation.
Charitable Remainder Unitrust:
Because the Unitrust is a deferred gift plan, it lets you make a major donation of securities to us, but lets you keep the income from those assets.
Charitable Remainder Unitrusts are structured to provide for variable income, with payments based on a fixed percentage of the fair market value of the
assets, determined annually.
How a Unitrust Works
You transfer assets (appreciated property or stocks generate the greatest net savings) to your Unitrust. The amount you receive as income is a set
percentage (you choose it at the start) of the current value of the Unitrust assets. The amount of your income is calculated annually by multiplying the
percentage you chose times the value of the assets in the Unitrust at the beginning of each year. The term of the Unitrust may be for the lifetime of an
individual or individuals, or for a term of years (not to exceed 20). When the Unitrust terminates, the remaining assets go to the Icon International
Foundation, a California public benefit corporation.
You can receive the same percentage every year, even if the Unitrust actually earns less income than the percentage you chose. Any difference comes
out of the capital gains or principal in the Unitrust. This type is referred to as a Standard Unitrust.
Or, you can choose a Unitrust with a net income plus 'make up option,' so that if the actual income amount is below the stated percentage, you receive
only the amount of the income the Unitrust earned that year. Deficiencies can be made up in later years when the Unitrust income exceeds the stated
percentage. This is called a Net Income or Net Income with ' make up' Unitrust.
If you fund your Unitrust with assets that are “hard to value” or that do not produce income, such as real estate, you might consider a 'Flip Unitrust.'
Initially the Unitrust is set up to pay a Unitrust income only out of net income. If the asset does not produce any income, there is no Unitrust payment.
However, when the asset is sold or converted to income producing asset, the trust will “flip” to a standard Unitrust that will pay Unitrust income based on
the Unitrust percentage.
Unitrust benefits include:
Sizable income tax charitable deduction in the year the Unitrust is created. Your deduction is based on the current market value of the assets, not the
cost basis.
Complete avoidance of capital gains on the sale of appreciated property funded to the Unitrust.
Income for life or term of years not to exceed 20 (often greater than your previous yield).
Annual income is recalculated each year and can provide a hedge against inflation.
You can continue to manage trust investments or use professional management services
Unitrusts are often used by persons desiring to create an income source for retirement years.
Example: Mr. Barns, age 55, and Mrs. Barns, age 53, transfer real estate worth $250,000 to create a Charitable Remainder Unitrust. They select a
payout rate of 5%. They purchased the real estate for $115,000 many years ago. The trust will sell the real estate and Mr. and Mrs. Barns eliminate the
capital gain tax on the appreciation of $135,000.
The Barns will receive $12,500 (5% of the trust’s assets) in the first year. The yearly payments thereafter will remain at 5% of the trust value. If, for
example, the value of the trust assets increase to $270,000 in year two, the Barn's income would be $13,500 (5% of $270,000). The income in future
years will be 5% of the value of the Unitrust assets each year of the Unitrust’s existence.
Charitable Remainder Annuity Trust
A Charitable Remainder Annuity Trust offer benefits and conditions comparable to those of the Unitrust, except they are structured to provide a fixed
payment. The fixed dollar value is set at the time the trust is established and is based on the initial value of the trust assets.
This is ideal for the person who may be uncomfortable with the risks of traditional investments and who is looking for a stable income stream.
A fixed dollar value or percentage is set at the time the trust is established, and is calculated on the initial value of the trust assets.
Example: Mr. and Mrs. Jones, both 78, own securities currently worth $300,000, which they acquired 25 years ago for $100,000. The current dividend
yield is 3%, or $9,000 annually. They are interested in increasing their income, and because of their advanced age, earning a steady income. If they
were to sell the securities and reinvest, they would be subject to a capital gain tax on the $200,000 appreciation and consequently have less capital
available for reinvesting.
They use the securities to create a charitable remainder annuity trust. The couple chose to have the trust pay them income based on a payout rate of
7%. Mr. and Mrs. Jones will receive an annual lifetime income of $21,000. This allows for a predictable annual income from the trust, which is not reliant
on market performance.
How You Can Establish a Charitable Remainder Trust
You can establish either an Annuity Trust or a Unitrust with an irrevocable gift to Children’s Hospital Foundation of $250,000 or more. A variety of assets
may be donated to a trust, including: cash, publicly-traded stocks and bonds, closely-held stock, real estate and other less common assets
Has your income been affected by low interest rates? Are you concerned about the volatility of the financial and stock markets? Discover how you can
help Icon International Foundation a California corporation, and help yourself with a charitable gift annuity. The charitable gift annuity is among the
simplest and 'most often utilized' planned giving options.
How a Charitable Gift Annuity Works
A charitable gift annuity is part gift and part annuity. First, you make a gift of cash or marketable securities to the Icon International Foundation, a Public
Benefit California corporation. In exchange, we agree to pay you a fixed income for life (and, if desired, the life of a second beneficiary). Upon the death
of the last beneficiary, the funds become available to help us to carry out our charitable purposes, that is, to provide residences and education for our
homeless children and youth..
Through a gift annuity contract, you will receive guaranteed income payments for life. The amount of income paid to you is determined by your age
(or the annuitant’s age, if you will not be receiving the income) and the available interest rates at the time you create the annuity (older donors generally
receive higher payout rates for gift annuities). The annual income from charitable gift annuities can be greater than income received from savings
accounts, certificates of deposits, bonds and stock dividends.
The additional benefits allow you To provide a significant gift to benefit Icon's homeless youth while potentially increasing your income from current
assets Gain freedom from investment responsibilities. Simply receive a check in the mail, at a fixed rate of return Receive an immediate income tax
deduction
Save on future taxes. A portion of all your future annuity payments is tax-free for the estimated life expectancy of all income beneficiaries
Defer capital gains taxes. If you contribute appreciated securities, the capital gain for the “sale” portion is deferred over your life expectancy.
Example: Mrs. Jones, Age 7o, transfers $25,000 to Icon from her annuity. She will receive a guaranteed annual income of $2,050 for life ($25,000 x
7.11%). As a result, a portion of the annuity is a tax-free return of principal, the tax equivalent return is often considerably greater than the states
annuity rate.
Recommended rates by American Council of Gift Annuities: Rates are subject to change. Annuity amount will not change once the gift annuity is
established regardless of current economic or market conditions.
Deferred Charitable Gift Annuity
If you are among our younger donors, you might want to consider a deferred gift annuity agreement. To create a Deferred Gift Annuity, you transfer
funds now and receive an income tax deduction immediately for a portion of the gift. Payments to you will begin at a future date that you specify.
A number of donors use this giving method to enhance their retirement income or to defer current income. The Deferred Gift Annuity can also diversity
your investment portfolio. Many individuals have incorporated Deferred Gift Annuities into the fixed income portion of their diversified investment and
retirement portfolios.
Example: Mr. and Mrs. Jones, both aged 50, own a block of stock with a current value of $100,000. The couple purchased the stock in past years for
$20,000, and in spite of the increase in value the stock generates almost no income. The Jones could transfer the stock to Icon for a Deferred Gift
Annuity. They could receive a guaranteed annual income of $6,120 for life ($100,000 X ___%) and receive a charitable income tax deduction and
bypass part of the tax due on the $80,000 capital gain. Part of the annuity payment will even be tax free.
Charitable Remainder Trusts
A charitable remainder trust is a tax-exempt trust. Therefore, when assets are sold income earned in the trust it is not subject to capital gain or
income tax. One hundred percent of the proceeds from the sale of the assets can then be invested to produce income for you and your family. When
the trust ends, the remaining trust assets are transferred to Icon International Foundation. There are several different types of Charitable Remainder
Trusts allowing you the flexibility to design one that best meets your objectives.
Charitable Remainder Trusts enable you to support Icon International Foundation's programs to provide homes and education for homeless youth while
providing an income for you, your spouse and/or another beneficiary for life or a set number of years. At the demise of the last income beneficiary, the
remaining trust assets will be transferred to Icon International Foundation.
Among the benefits of a Charitable Remainder Trust, you may:
Generate income from assets you currently own
Receive an immediate charitable income tax deduction
Eliminate capital gains taxes on appreciated assets contributed to the trust
Reduce estate taxes, enabling you to pass assets to your heirs and make a meaningful gift to Icon International Foundation.
Charitable Remainder Unitrust:
Because the Unitrust is a deferred gift plan, it lets you make a major donation of securities to us, but lets you keep the income from those assets.
Charitable Remainder Unitrusts are structured to provide for variable income, with payments based on a fixed percentage of the fair market value of the
assets, determined annually.
How a Unitrust Works
You transfer assets (appreciated property or stocks generate the greatest net savings) to your Unitrust. The amount you receive as income is a set
percentage (you choose it at the start) of the current value of the Unitrust assets. The amount of your income is calculated annually by multiplying the
percentage you chose times the value of the assets in the Unitrust at the beginning of each year. The term of the Unitrust may be for the lifetime of an
individual or individuals, or for a term of years (not to exceed 20). When the Unitrust terminates, the remaining assets go to the Icon International
Foundation, a California public benefit corporation.
You can receive the same percentage every year, even if the Unitrust actually earns less income than the percentage you chose. Any difference comes
out of the capital gains or principal in the Unitrust. This type is referred to as a Standard Unitrust.
Or, you can choose a Unitrust with a net income plus 'make up option,' so that if the actual income amount is below the stated percentage, you receive
only the amount of the income the Unitrust earned that year. Deficiencies can be made up in later years when the Unitrust income exceeds the stated
percentage. This is called a Net Income or Net Income with ' make up' Unitrust.
If you fund your Unitrust with assets that are “hard to value” or that do not produce income, such as real estate, you might consider a 'Flip Unitrust.'
Initially the Unitrust is set up to pay a Unitrust income only out of net income. If the asset does not produce any income, there is no Unitrust payment.
However, when the asset is sold or converted to income producing asset, the trust will “flip” to a standard Unitrust that will pay Unitrust income based on
the Unitrust percentage.
Unitrust benefits include:
Sizable income tax charitable deduction in the year the Unitrust is created. Your deduction is based on the current market value of the assets, not the
cost basis.
Complete avoidance of capital gains on the sale of appreciated property funded to the Unitrust.
Income for life or term of years not to exceed 20 (often greater than your previous yield).
Annual income is recalculated each year and can provide a hedge against inflation.
You can continue to manage trust investments or use professional management services
Unitrusts are often used by persons desiring to create an income source for retirement years.
Example: Mr. Barns, age 55, and Mrs. Barns, age 53, transfer real estate worth $250,000 to create a Charitable Remainder Unitrust. They select a
payout rate of 5%. They purchased the real estate for $115,000 many years ago. The trust will sell the real estate and Mr. and Mrs. Barns eliminate the
capital gain tax on the appreciation of $135,000.
The Barns will receive $12,500 (5% of the trust’s assets) in the first year. The yearly payments thereafter will remain at 5% of the trust value. If, for
example, the value of the trust assets increase to $270,000 in year two, the Barn's income would be $13,500 (5% of $270,000). The income in future
years will be 5% of the value of the Unitrust assets each year of the Unitrust’s existence.
Charitable Remainder Annuity Trust
A Charitable Remainder Annuity Trust offer benefits and conditions comparable to those of the Unitrust, except they are structured to provide a fixed
payment. The fixed dollar value is set at the time the trust is established and is based on the initial value of the trust assets.
This is ideal for the person who may be uncomfortable with the risks of traditional investments and who is looking for a stable income stream.
A fixed dollar value or percentage is set at the time the trust is established, and is calculated on the initial value of the trust assets.
Example: Mr. and Mrs. Jones, both 78, own securities currently worth $300,000, which they acquired 25 years ago for $100,000. The current dividend
yield is 3%, or $9,000 annually. They are interested in increasing their income, and because of their advanced age, earning a steady income. If they
were to sell the securities and reinvest, they would be subject to a capital gain tax on the $200,000 appreciation and consequently have less capital
available for reinvesting.
They use the securities to create a charitable remainder annuity trust. The couple chose to have the trust pay them income based on a payout rate of
7%. Mr. and Mrs. Jones will receive an annual lifetime income of $21,000. This allows for a predictable annual income from the trust, which is not reliant
on market performance.
How You Can Establish a Charitable Remainder Trust
You can establish either an Annuity Trust or a Unitrust with an irrevocable gift to Children’s Hospital Foundation of $250,000 or more. A variety of assets
may be donated to a trust, including: cash, publicly-traded stocks and bonds, closely-held stock, real estate and other less common assets
Charitable Lead Trusts
The charitable lead trust allows you to transfer assets to your heirs with substantially reduced gift and estate taxes. Assets are transferred to a trust,
and you agree to make annual income payments to Icon International Foundation for a set number of years. At the end of the term of years, the assets
are transferred to your designated beneficiaries with a reduction (or elimination) of gift or estate taxes. The trust can also be structured to return the
assets back to the donor, if you so desire. (The lead trust is a particularly useful estate-planning tool if you anticipate significant estate and gift tax
liabilities.)
The benefits of the charitable lead trust enable you to:
Make a gift that will provide immediate support to the children and youth programs at Icon International Foundation
Transfer assets to future generations with a substantial reduction or elimination of gift or estate taxes
Exclude income during high-earning years for the benefit of Icon International Foundation, while retaining ownership of the assets for lower-earning
years
How You Can Establish a Charitable Lead Trust
You can establish a charitable lead trust with publicly traded securities, closely held stock, income producing real estate, partnership interests, cash, or
a combination of the above. Typically, a lead trust is most effective for individuals who wish to fund the trust with assets valued at $500,000 or more
The charitable lead trust allows you to transfer assets to your heirs with substantially reduced gift and estate taxes. Assets are transferred to a trust,
and you agree to make annual income payments to Icon International Foundation for a set number of years. At the end of the term of years, the assets
are transferred to your designated beneficiaries with a reduction (or elimination) of gift or estate taxes. The trust can also be structured to return the
assets back to the donor, if you so desire. (The lead trust is a particularly useful estate-planning tool if you anticipate significant estate and gift tax
liabilities.)
The benefits of the charitable lead trust enable you to:
Make a gift that will provide immediate support to the children and youth programs at Icon International Foundation
Transfer assets to future generations with a substantial reduction or elimination of gift or estate taxes
Exclude income during high-earning years for the benefit of Icon International Foundation, while retaining ownership of the assets for lower-earning
years
How You Can Establish a Charitable Lead Trust
You can establish a charitable lead trust with publicly traded securities, closely held stock, income producing real estate, partnership interests, cash, or
a combination of the above. Typically, a lead trust is most effective for individuals who wish to fund the trust with assets valued at $500,000 or more
Gift Assets
Stocks, Bonds & Appreciated Assets
If you contribute long-term appreciated assets to Icon International Foundation, a California public benefit corporation, you get a two-fold income tax
benefit. First, a charitable deduction for the full present fair market value and, second, you will avoid the capital gains tax on the appreciation. Your
deduction is limited to 30% of your adjusted gross income. Any excess deduction may be carried over for the next five years. Appreciated assets include
stocks, bonds, closely held stock, and real estate.
Example 1: David contributes long-term stocks that are now worth $20,000. They originally cost $10,000. He is entitled to a charitable deduction of
$20,000 and will pay no tax on the $10,000 appreciation.
Example 2: Ray contributes one-half interest in 25 acres of land that he purchased in 1970 for $100,000. He retains one-half interest. The charity and
Ray join in the sale of the property for its value of $1,000,000. Ray receives $500,000 cash. His charitable deduction of $500,000 offsets the gain he
realized on the sale of his one-half interest. Ray was able to make a “tax free sale” of his property and a substantial contribution.
Stocks, Bonds & Appreciated Assets
If you contribute long-term appreciated assets to Icon International Foundation, a California public benefit corporation, you get a two-fold income tax
benefit. First, a charitable deduction for the full present fair market value and, second, you will avoid the capital gains tax on the appreciation. Your
deduction is limited to 30% of your adjusted gross income. Any excess deduction may be carried over for the next five years. Appreciated assets include
stocks, bonds, closely held stock, and real estate.
Example 1: David contributes long-term stocks that are now worth $20,000. They originally cost $10,000. He is entitled to a charitable deduction of
$20,000 and will pay no tax on the $10,000 appreciation.
Example 2: Ray contributes one-half interest in 25 acres of land that he purchased in 1970 for $100,000. He retains one-half interest. The charity and
Ray join in the sale of the property for its value of $1,000,000. Ray receives $500,000 cash. His charitable deduction of $500,000 offsets the gain he
realized on the sale of his one-half interest. Ray was able to make a “tax free sale” of his property and a substantial contribution.
Retained Life Estate
A Retained Life Estate is for you if:
You're considering a lifetime gift in partnership with Icon
Your home is your principal asset, you want to continue to live there, and you can continue to maintain it.
You're seeking an income tax deduction, not more income. Your home can become a valued gift to Icon's Foster The Hope programs, even while you
are still living in it, and even if your spouse or other survivor continues to live there for life. You can make a gift now of your personal residence or farm,
while retaining the right to use and live in the property for the rest of your life, and receive the benefit of a current charitable income tax deduction.
Example: Mary, a widow who is 65 years old, donates the remainder interest in her home, subject to her right to occupy or rent the home for the rest of
her life. The market value of her home is $200,000. Her accountant determines that the amount of the charitable income tax deduction to which she is
entitled is $55,000. She would deed the “future” interest in the house to Icon International Foundation, a California public benefit corporation with the
legally documented understanding that she will continue to maintain the property as long as she lives.
The rules also apply to farms, vacations homes, condominiums and stock in a cooperative housing corporation, if used by you. The farm rule
also includes acreage without a house.
A Retained Life Estate is for you if:
You're considering a lifetime gift in partnership with Icon
Your home is your principal asset, you want to continue to live there, and you can continue to maintain it.
You're seeking an income tax deduction, not more income. Your home can become a valued gift to Icon's Foster The Hope programs, even while you
are still living in it, and even if your spouse or other survivor continues to live there for life. You can make a gift now of your personal residence or farm,
while retaining the right to use and live in the property for the rest of your life, and receive the benefit of a current charitable income tax deduction.
Example: Mary, a widow who is 65 years old, donates the remainder interest in her home, subject to her right to occupy or rent the home for the rest of
her life. The market value of her home is $200,000. Her accountant determines that the amount of the charitable income tax deduction to which she is
entitled is $55,000. She would deed the “future” interest in the house to Icon International Foundation, a California public benefit corporation with the
legally documented understanding that she will continue to maintain the property as long as she lives.
The rules also apply to farms, vacations homes, condominiums and stock in a cooperative housing corporation, if used by you. The farm rule
also includes acreage without a house.
Retirement Plans
In recent years, assets in individual retirement accounts and other retirement plans have increased significantly in value. The funds held in Traditional
IRAs and other retirement plans generally have not been taxed. Accordingly, passing them to individual heirs may trigger both income and estate taxes
that are incredibly steep. These combined taxes can reach as high as 85%.
You can successfully eliminate these taxes while making a meaningful gift to assist Icon's children and youth. This is accomplished by designating Icon
as the beneficiary of your IRA, annuities and savings bonds, while leaving other assets such as stock and real estate (both of which are subject to fewer
taxes) to family members and other heirs.
In recent years, assets in individual retirement accounts and other retirement plans have increased significantly in value. The funds held in Traditional
IRAs and other retirement plans generally have not been taxed. Accordingly, passing them to individual heirs may trigger both income and estate taxes
that are incredibly steep. These combined taxes can reach as high as 85%.
You can successfully eliminate these taxes while making a meaningful gift to assist Icon's children and youth. This is accomplished by designating Icon
as the beneficiary of your IRA, annuities and savings bonds, while leaving other assets such as stock and real estate (both of which are subject to fewer
taxes) to family members and other heirs.
Real Estate
If you have been you could make a substantial gift to a non profit for the benefit of children and youth, but a gift of cash or securities at this time may not
be practical, perhaps you should consider real estate. Your personal residence, farm, vacation home, commercial or rental property, or parcel of
undeveloped land might be more suitable. A present or future gift offers you the opportunity for valuable income tax and estate tax savings. You can
also free yourself of burdensome management and the problems involved in selling the property or leaving it to estate liquidation
If you have been you could make a substantial gift to a non profit for the benefit of children and youth, but a gift of cash or securities at this time may not
be practical, perhaps you should consider real estate. Your personal residence, farm, vacation home, commercial or rental property, or parcel of
undeveloped land might be more suitable. A present or future gift offers you the opportunity for valuable income tax and estate tax savings. You can
also free yourself of burdensome management and the problems involved in selling the property or leaving it to estate liquidation
Life Insurance
You may name Icon International Foundation as a beneficiary of your personal or group life insurance.
The gift of a life insurance policy that you no longer need can result in tax savings now. For example, assume that you purchased a life insurance policy
30 years ago as a part of a buy and sell arrangement with your business partners. You are now retired and have sold your partnership interest to the
other partners. You no longer need to maintain the policy. You can gift the policy to Icon International Foundation, a public benefit, California
corporation. You would be entitled to an income tax deduction of the policy’s cost basis or its replacement value whichever is less.
For instance, you may have purchased a policy to provide for your child’s education expenses in the event of your premature death. You can support
Icon's Foster The Hope children's and youth programs as a beneficiary of your policy. You can also generate a current income tax deduction by
irrevocably naming the Foundation as the owner and beneficiary of the policy. The income tax deduction is based on the policy’s gift value or its
replacement value (whichever is less).
We invite you to explore such a contribution, as well as other giving possibilities related to insurance policies.
You may name Icon International Foundation as a beneficiary of your personal or group life insurance.
The gift of a life insurance policy that you no longer need can result in tax savings now. For example, assume that you purchased a life insurance policy
30 years ago as a part of a buy and sell arrangement with your business partners. You are now retired and have sold your partnership interest to the
other partners. You no longer need to maintain the policy. You can gift the policy to Icon International Foundation, a public benefit, California
corporation. You would be entitled to an income tax deduction of the policy’s cost basis or its replacement value whichever is less.
For instance, you may have purchased a policy to provide for your child’s education expenses in the event of your premature death. You can support
Icon's Foster The Hope children's and youth programs as a beneficiary of your policy. You can also generate a current income tax deduction by
irrevocably naming the Foundation as the owner and beneficiary of the policy. The income tax deduction is based on the policy’s gift value or its
replacement value (whichever is less).
We invite you to explore such a contribution, as well as other giving possibilities related to insurance policies.
Brokerage & Bank Accounts
There’s good news for donors who would like to include Icon's youth in their estate plan but do not want the expense of hiring an attorney to write or
revise a will—you can designate Icon as a beneficiary for assets held in stock brokerage accounts, certificates of deposit or other bank accounts.
Make Icon a Beneficiary of a Bank or Brokerage. A 'Payable on Death' (POD) arrangement allows you to name Icon as a beneficiary of your bank or
credit union savings account, checking account or CD. A similar program known as a 'Transfer on Death' (TOD) account, allows you to name Icon as
a beneficiary on your stocks, bonds and mutual funds.
With either of these plans, assets in these accounts are passed to beneficiaries without going through probate.
It is simple to set up a POD or TOD account with your bank, credit union or brokerage. You control the exact amount that will be passed to
Icon International Foundation and you have full access to your funds as long as you live
There’s good news for donors who would like to include Icon's youth in their estate plan but do not want the expense of hiring an attorney to write or
revise a will—you can designate Icon as a beneficiary for assets held in stock brokerage accounts, certificates of deposit or other bank accounts.
Make Icon a Beneficiary of a Bank or Brokerage. A 'Payable on Death' (POD) arrangement allows you to name Icon as a beneficiary of your bank or
credit union savings account, checking account or CD. A similar program known as a 'Transfer on Death' (TOD) account, allows you to name Icon as
a beneficiary on your stocks, bonds and mutual funds.
With either of these plans, assets in these accounts are passed to beneficiaries without going through probate.
It is simple to set up a POD or TOD account with your bank, credit union or brokerage. You control the exact amount that will be passed to
Icon International Foundation and you have full access to your funds as long as you live
Estate Giving
Important. The above information is not in any way whatsoever meant as legal or financial advice. The above is presented only
to provide illustration of ideas for supporting our endeavors to help children and Youth. Icon International Foundation advises
anyone anticipating donation of assets to any entity including Icon International Foundation, to definitely seek legal advice from
their own qualified legal counsel, financial, tax or other like professional.
Icon International Foundation Board of Directors .
to provide illustration of ideas for supporting our endeavors to help children and Youth. Icon International Foundation advises
anyone anticipating donation of assets to any entity including Icon International Foundation, to definitely seek legal advice from
their own qualified legal counsel, financial, tax or other like professional.
Icon International Foundation Board of Directors .
Contacts:
info@iconinternationalfoundation.org
Exec. Dir. M. N. Rolfe,
nicky@iconinternationalfoundation.org
Exec. Vice Pres. Garry Duncan
garryduncan@iconinternationalfoundation.org
Vice Pres, Michael Price
michael@iconinternationalfoundation.org
Icon International Foundation,
P. O. Box 1066, Woodbridge, California 95258
Accounting: P. O. Box 5152, Fallon, Nevada 89407
702-473-4419
Direct private line: 209-437-4072
info@iconinternationalfoundation.org
Exec. Dir. M. N. Rolfe,
nicky@iconinternationalfoundation.org
Exec. Vice Pres. Garry Duncan
garryduncan@iconinternationalfoundation.org
Vice Pres, Michael Price
michael@iconinternationalfoundation.org
Icon International Foundation,
P. O. Box 1066, Woodbridge, California 95258
Accounting: P. O. Box 5152, Fallon, Nevada 89407
702-473-4419
Direct private line: 209-437-4072
Our current Icon Village Campus involves 31+ acres in Yuba County, California. Yuba County is in Northern CA and the
campus is in a setting of pine trees. The climate is warm in summer, being great for outdoor activities. It snows in the winter
and will be a great time for our young residents students to sit in groups in front of a great fire place which we intend to have
placed at one end of the large lecture hall. Our resident students who will enjoy these cold winter nights will come from not only
California but from anywhere in America. These "would-have-been-homeless" youth will be people who realize character and
education are important. They will be youth who will receive vocational training such as medical assistants; paralegal;
construction, or whatever will work for them as individuals. Part of the residents will be preparing for college or acquiring a
degree during their stay at Icon Village. This first Icon Village will house and educate about 200 students steadily. With your
gracious generosity we will build Icon Villages across America.
campus is in a setting of pine trees. The climate is warm in summer, being great for outdoor activities. It snows in the winter
and will be a great time for our young residents students to sit in groups in front of a great fire place which we intend to have
placed at one end of the large lecture hall. Our resident students who will enjoy these cold winter nights will come from not only
California but from anywhere in America. These "would-have-been-homeless" youth will be people who realize character and
education are important. They will be youth who will receive vocational training such as medical assistants; paralegal;
construction, or whatever will work for them as individuals. Part of the residents will be preparing for college or acquiring a
degree during their stay at Icon Village. This first Icon Village will house and educate about 200 students steadily. With your
gracious generosity we will build Icon Villages across America.
Read here about
200 reasons, year
in and year out for
your generosity to
Icon's programs
for our youth.
200 reasons, year
in and year out for
your generosity to
Icon's programs
for our youth.
All your donations are tax deductible