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Visionary Society Eno Center for Transportation

Leave a Lasting Legacy for the Future of Transportation

Remember Eno in your will or trust

Create a living memorial to support Eno's transportation policy innovation and professional development programs through a planned gift.

Your planned gift can give others the opportunity to participate our renowned educational programs like the Future Leaders Development Program, provide scholarships for Eno's leadership development programs, and support research fellows and analysts to increase the transportation system’s mobility, safety, and sustainability far into the future!

When you decide to set aside a future gift for Eno, please let us know. We want to recognize the donors who have chosen to create a living memorial by planning a long-term investment.

Bequest | Beneficiary Designation | Charitable Remainder Trust | Charitable Lead Trust

Bequest

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to Eno as part of your estate plan.

Benefits of a bequest

  • Estate tax charitable deduction, if applicable
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to charity

How to Leave a Bequest

You can include a bequest to Eno in your will by designating Eno as a full, partial or contingent beneficiary of your retirement account of life insurance policy. There are three options:

  • Percentage bequest - make a gift of a percentage of your estate
  • Specific bequest - make a gift of a specific dollar amount or a specific asset
  • Residual bequest - make a gift from the balance or residue of your estate

Beneficiary Designation

If you are interested in making a gift but are also concerned about your future needs, a beneficiary designation gift from your retirement, investment or bank account may be a good option. These gifts are very flexible and even after you designate a beneficiary, you can take distributions or withdrawals and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

Benefits of a Beneficiary Designation

  • Support a cause you care about
  • Continue to use your account
  • Simplify your planning
  • Reduce tax burden
  • Estate tax charitable deduction, if applicable

How to Leave a Beneficiary Designation

  • Contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
  • Ask them to send you a new beneficiary designation form.
  • Complete the form, sign it and mail it back to your broker, banker or agent. Eno’s Tax ID is 06-0662124.

Charitable Remainder Trust

A charitable remainder trust is an irrevocable trust that generates a potential income stream for you or other beneficiaries, with the remainder of the donated assets going to the charity of your choice. Charitable trusts can offer flexibility and some control over your intended charitable beneficiaries as well as lifetime income.

There are two types to choose from:

  • Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed.
  • Charitable remainder unitrusts (CRUTs) distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.

Benefits of Charitable Remainder Trust

  • Receive income for life for yourself and your loved ones, depending on how you establish the trust
  • Avoid capital gains on the sale of your appreciated assets
  • Receive an immediate charitable income tax deduction for the charitable portion of the trust

How it Works

  • Make a partially tax-deductible donation of cash, stocks or assets such as real estate, private business interests and private company stock and become eligible to take a partial tax deduction. The partial income tax deduction is based on the type of trust, the term of the trust, the projected income payments, and IRS interest rates that assume a certain rate of growth of trust assets.
  • You or your chosen beneficiaries receive an income stream. Based on how you set up the trust, you or your stated beneficiaries can receive income annually, semi-annually, quarterly or monthly. Per the IRS, the annual annuity must be at least 5% but no more than 50% of the trust’s assets.
  • After the specified timespan or the death of the last income beneficiary, the remaining CRT assets are distributed to the designated charitable beneficiaries.

Charitable Lead Trust

A charitable lead trust is like the opposite of a charitable remainder trust. It is an irrevocable trust that provides a fixed amount or a percentage of the trust assets paid to a charity for a term of years or for the life of an individual or individuals. The remainder interest is either retained by the donor or given to a non-charitable beneficiary, usually a family member.

Benefits of a charitable lead trust

  • Receive a gift or estate tax charitable deduction
  • Pass inheritance on to family at a reduced or zero cost
  • Establish a way to make annual gifts to charity

How it Works

  • You make a contribution of your property to fund a trust that pays Eno income for a number of years.
  • You receive a gift or estate tax deduction at the time of your gift.
  • After a period of time, your family receives the trust assets plus any additional growth in value.

Now is the time to plan your legacy.

Explore the many ways you can help meet your financial goals, support your family, and maximize your philanthropic giving through sound and timely gift planning with Eno.

Contact us today about any questions you have or to learn more about planned giving at Eno Center for Transportation. Your inquiry is always confidential.

Credits:

Created with images by geralt - "clouds landscape beyond" • demosg - "road open road road trip"

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