Your Legacy,
South Carolina's Future

Planned Giving with Purpose

As South Carolina faces challenges in education opportunity, tax reform, and
healthcare expansion, Palmetto Promise Institute stands out as a unique voice for
unleashing freedom-based policy solutions that promote economic growth and
benefit all citizens. Palmetto Promise Institute’s mission to “promote policy
solutions to advance a free and flourishing South Carolina” has consistently driven
meaningful reform across the state. A planned gift ensures this vital work
continues for future generations, creating a lasting impact that extends far beyond
any single policy initiative while helping build a stronger, more prosperous South
Carolina for all.

Ways To Leave A Legacy Gift

Charitable Remainder Trust (CRT)

Create a trust that pays income to you or loved ones for life or a term of years, then leaves the remainder to Palmetto Promise.

  • Benefits: Income stream for beneficiaries during their lifetimes. Great for taxable estate planning.
  • Tax Advantage: Immediate charitable deduction; appreciated assets in the CRT can be sold without triggering capital gains taxes.

    • Beneficiary Designation

    Name Palmetto Promise Institute as a beneficiary of:
  • Retirement accounts (IRA, 401(k), 403(b), etc.)
  • Life insurance policies
  • Bank or investment accounts (via POD/TOD designations)
  • Benefits: Easy to set up—no need to revise your legal documents.
  • Tax Advantage: Retirement accounts passed to charities avoid income taxes that would apply if left to individuals.

    • Gift of Appreciated Assets

    Leave stocks, real estate, or other appreciated assets.
  • Benefits: Preserves cash while maximizing impact.
  • Tax Advantage: Avoid capital gains taxes on appreciated assets; may reduce estate taxes.

    • Donor-Advised Fund (DAF)

    Name Palmetto Promise as a final beneficiary of your DAF.

  • Benefits: Flexible charitable giving with long-term planning. Great for taxable estate planning.
  • Tax Advantage: Immediate deduction at the time of contribution to the DAF.

    • Leave a Bequest in your Will or Trust

    Include a specific dollar amount, percentage, or remainder of your estate in your will, revocable trust, or irrevocable trust.

  • Benefits: Simple to add or amend; allows full control of your assets during your lifetime.
  • Tax Advantage: May reduce estate taxes for your heirs.

    • Qualified Charitable Distributions (QCD)

    After age 70 ½, donate up to
    $108,000 each year, tax free directly
    from an IRA to Palmetto Promise.

  • Benefits: : Start on achieving charitable giving goals during your lifetime in a tax-efficient way
  • Tax Advantage: Spend funds from IRAs without counting as taxable income. Does not require itemizing deductions to enjoy benefits. Satisfies Required Minimum Distributions (RMDs).

    • Our team is here to help you create a legacy that reflects your values and advances
    freedom in the Palmetto State. For more information about planned giving
    opportunities with Palmetto Promise Institute, please contact Kyle Boyles at
    864-384-0538.     Together, we can ensure that the work of building a more
    prosperous and free South Carolina continues for generations to come.

    This information has been compiled for Palmetto Promise Institute, a South Carolina 501(c)(3), for general
    information purposes only by Lisa Hosetetler Brown, Lawyer Lisa, LLC 133 Woodruff Place Circle Simpsonville,
    SC 29681. For more information on which legacy planning options are best for your situation, please contact
    your estate planning attorney for advice.

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