By naming Innisfree Village in your will, you keep absolute control of your assets during your lifetime, yet still have a lasting impact on Innisfree and generations of residents to come. We would be pleased to provide you or your attorney with sample language to help you achieve your goals.

Because special tax considerations apply to retirement plan benefits, they are a good choice for charitable bequests. Simply name Innisfree Village as the beneficiary of your IRA, 401K or other qualified plans. After your lifetime, the residue of your plan passes to the Innisfree tax free.

If you are 70½ years old or older, you can take advantage of the IRA Charitable Rollover and provide a gift of up to $105,000 from your IRA directly to Innisfree Village without having to pay income taxes. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. If you have not yet taken your required minimum distribution for the year, your IRA Charitable Rollover gift can satisfy all or part of that requirement.

Through charitable gift annuities, you can convert cash or appreciated securities into guaranteed income for life, gaining financial security while making a significant gift to Innisfree. You may receive income immediately upon setting up a charitable gift annuity or defer the income, perhaps until your anticipated retirement age, significantly raising the annuity payments and tax deduction.

By irrevocably assigning an insurance policy to Innisfree Village, it becomes owner and beneficiary, while you receive an immediate charitable tax deduction for the policy. Or, by purchasing a new policy specifically for Innisfree, you receive an annual charitable income-tax deduction for payment of the policy premiums. Another option is to make Innisfree Village the primary beneficiary. You retain ownership of the policy and have access to its cash value, but receive no charitable tax deduction.

In a charitable remainder trust, you transfer assets to a trustee who pays income for life. You will receive an immediate charitable income-tax deduction based on your age, the amount of the income interest and the federal midterm rate. Upon your death, the remainder of the trust benefits Innisfree Village.

By naming Innisfree Village in your will, you keep absolute control of your assets during your lifetime, yet still have a lasting impact on Innisfree and generations of residents to come. We would be pleased to provide you or your attorney with sample language to help you achieve your goals.

By transferring the ownership of a personal residence or other property to Innisfree Village (you still retain the right to use the property during your lifetime), you will receive an immediate income-tax deduction based on the property’s value and your age.