Planned Giving

Planned Giving is an effective way to have an impact on the future well-being of STAIR (Start The Adventure In Reading). Individuals have many options available to them in making their estate plans such as bequests, charitable remainder trusts, charitable lead trusts, and insurance policies.

STAIR recommends that you consult with a financial advisor while considering your estate plans. For your information, brief descriptions of planned giving vehicles are offered below.

STAIR welcomes your financial support of any kind. Gifts to STAIR are tax-deductible to the fullest extent of the law. You can make a gift of cash, check, securities, or by credit card to STAIR.

To make a Planned Giving gift to STAIR, please click here.

A bequest is the act of naming STAIR in your will. STAIR's policy is for all realized bequests to be placed in STAIR's endowment, unless otherwise specified by the donor. 

A gift of appreciated stock allows you to bypass capital gains tax that could be due if you sold the asset, and it also entitles you to a charitable deduction based on the property’s current value.

Life insurance can help fulfill your philanthropic goals and ease your financial concerns. STAIR could be named as the sole beneficiary or one of the beneficiaries of a life insurance policy. STAIR would receive the benefit at the time of death of the donor.

If you own real estate or securities that have appreciated greatly over the years, you can avoid owing the capital gains taxes you would incur when you sell by using a Charitable Remainder Trust.

Using your appreciated property or securities, set up an Irrevocable Remainder Trust with your attorney or financial planner and name STAIR as the beneficiary. The Trust, which is not subject to tax, sells property or securities, reinvests the proceeds and makes specified annual payments to you or other designated individuals for a specified period of time. At the end of that period, the remaining funds in the Trust go to STAIR.

A Charitable Lead Trust is essentially the reverse of a Charitable Remainder Trust. You would transfer your appreciated property or securities to an Irrevocable Trust, but with this type of investment STAIR receives the annual income interest payments for a specified period of time or your lifetime. At the end of that period, the remaining funds return to you or your designated beneficiary.