Through planned giving, you can make a significant contribution to the Friends of the Florida School of Woodwork, Inc. without compromising your current financial position. Some planned gifts can provide you with additional income. Many reduce your taxes. The greatest benefit, however, is knowing that you have strengthened the school’s ability to transmit the passion for craftsmanship to future generations.
Gifts that Ensure the School’s Future Bequests
You can leave a specific gift or a portion of your estate to the Friends of the Florida School of Woodwork in your will. In some cases, your estate could receive a reduction in federal and state income taxes.
Life Insurance If you no longer have a need for the benefits, you can contribute your life insurance policy simply by naming the Friends of the Florida School of Woodwork as its owner, beneficiary, and/or partial beneficiary.
Retirement Plan By naming the Friends of the Florida School of Woodwork as a beneficiary of your retirement plan you may eliminate double taxation, where both income and estate taxes would be levied on retirement plan assets left to your heirs.