The SC Bar Foundation
950 Taylor Street
PO Box 608
Columbia, SC 29202
In December 2009, the Bar Foundation received a generous gift from the estate of Rusty Weinberg Jr. of Sumter. In his honor, the Foundation has established The Weinberg Society. The Society listing will include those individuals who have made planned gifts in excess of $10,000 to the Bar Foundation or those who have made a bequest.
There are several ways to make a planned gift to the Bar Foundation.
- Name the Bar Foundation as a full or partial beneficiary of a life insurance policy
- Name the Bar Foundation as a beneficiary of your retirement account
As 401(k) accounts and Individual Retirement Accounts have become the saving vehicle of choice for many Americans, tax-deferred accounts have become one of the largest assets many donors have to give to a favored charity. Unlike an individual beneficiary, a charity will not owe income taxes upon withdrawing the assets in the account.
- Name the Bar Foundation in your will
I give $xxx to the South Carolina Bar Foundation, Inc., a nonprofit corporation qualified under Section 501 (c) (3) of the Internal Revenue Code, located in Columbia, South Carolina, to be used for its exempt purposes.
- Make a gift of an appreciated security
When you gift appreciated securities to the Bar Foundation, you are able to deduct the market value of the stock at the time of the donation and the Foundation is able to sell the stock without paying capital gain taxes.
The Foundation is able to provide the necessary tax exemption information to your attorney and financial advisor. After making the decision to make a planned gift, please be sure to let us know so that we can thank you appropriately and showcase the excellent example you set for other members of the profession.