A Residuals Donation offers SAG-AFTRA members a means of lending support to the SAG-AFTRA Foundation on an ongoing basis through funds derived from the artist’s work as a performer. Residual donations directly support the SAG-AFTRA Foundation’s programs and are tax-deductible to the full extent allowable by law.

Living Performers

A living performer has the option of donating in one of three ways:

1

Direct deposit your small-dollar residuals to the Foundation.

Automatically donate your small-dollar residuals to the Foundation. With direct deposit, you can set a threshold to donate residuals below a certain amount. These residuals will automatically go to the Foundation as a tax-deductible donation; any residual amounts you receive over the threshold will be securely deposited into your personal bank account.

To donate residuals, you will need to be signed up for SAG-AFTRA direct deposit.

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2

Mail residuals check(s) to the Foundation.

Please note that checks must be current and not have expired. There is no need to endorse each check. They can be sent to:

SAG-AFTRA Foundation
c/o Development Department
5757 Wilshire Blvd. Suite PH1
Los Angeles, CA 90036

3

Deed all future residuals to the Foundation.

The performer gives all of their future interest in the right to receive residuals derived from their services as a performer to the SAG-AFTRA Foundation. They do this by completing a one-page Gift and Disclaimer of Interest in Performer Residuals Form to donate all of their future residuals.

Please note: SAG-AFTRA performers are currently unable to donate a portion of their residuals. The completed and notarized form should be mailed to SAG-AFTRA:

SAG-AFTRA
5757 Wilshire Blvd. 7th Floor
Los Angeles, CA 90036

Deceased Performers

To donate all residuals on behalf of a deceased performer, the beneficiary can download and complete the one-page Gift and Disclaimer of Interest in Performer Residuals (on behalf of Deceased Performer) Form. The completed and notarized form should be mailed to SAG-AFTRA:

SAG-AFTRA
5757 Wilshire Blvd. 7th Floor
Los Angeles, CA 90036

ACH/Wire Transfer

Donations can be made via ACH and or wire payment directly to the Foundation.

Please complete this Contribution Form and send to development@sagaftra.foundation.

Donor Advised Funds

Make a grant from your donor advised fund.

A donor advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.

When you contribute cash, securities, or other assets to a donor advised fund, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to virtually any IRS-qualified public charity. How It Works:

1

Fund Your Account

To establish your donor advised fund, you make an irrevocable contribution—which could include cash, stock, real estate and more.

2

Receive an Immediate Tax Deduction

When you contribute to your DAF, you may be eligible to claim an itemized tax deduction for federal and/or state income tax purposes. Because DAF sponsors are public charities, your donation is considered a tax-deductible charitable contribution. The amount of the deduction will depend on several factors, including the type of asset donated and how long you have owned it. This arrangement allows you to plan your gift when it makes sense for you and to recommend grants to your favorite charitable organizations at any point in the future.

3

Personalize Your DAF Account

As you establish your DAF account, you can structure it in a way that best meets your charitable goals. You can name your DAF anything you would like; appoint friends and family members to help you manage the responsibilities of your DAF; and design a legacy plan to determine what will be done with your DAF assets beyond your lifetime, which may include appointing successor advisors or charitable beneficiaries.

4

Invest Your DAF Assets For Growth

You can recommend an investment strategy for the assets in your DAF account. The assets in your DAF are invested following your recommendations. Any investment growth is tax-free, giving you the potential to create even more money for grantmaking.

5

Support Your Favorite Charities, Now or in the Future

As soon as your DAF is established and funded, you can recommend grants to the charitable organizations you want to support. You can make single or recurring grants, either with recognition or with total anonymity.

6

Use Your Fund to Make a Gift Now

Donors may recommend grants at any time to qualified U.S. charities. Typically, a grant check accompanying a letter will be sent to the recipient organization. The letter is personalized per the donor’s instructions and can also have a special purpose noted, such as “In honor of” or “In memory of …”.

7

Create a Legacy Gift

The final distribution of contributions remaining in your DAF after your lifetime can be designated when you create or update your fund. By simply completing the beneficiary designation form assigned to your fund, you can name successor advisors to your fund or a specific charity(ies) to receive a portion of your fund balance.

Planned Giving

In a Bequest, a donor gives money, property or other assets to the SAG-AFTRA Foundation as defined in the donor’s will. These assets are available to the SAG-AFTRA Foundation upon the donor’s death.

How It Works

A bequest offers a donor a means by which they can lend support to the SAG-AFTRA Foundation through any vehicle and in any amount they prefer without affecting cash flow or assets during their lifetime.

The donor can stipulate whether the bequest must remain anonymous or can be recognized by the SAG-AFTRA Foundation.

Specific Bequest

In a specific bequest, the donor directs a predetermined sum of money; a percentage of the donor’s estate; or a particular asset (which may include stocks, bonds, real estate or tangible personal property such as jewelry or artwork) be transferred to the SAG-AFTRA Foundation. Funds from retirement plans or life insurance policies can also be used in specific bequests.

Residual Bequest

In a residual bequest, the remaining assets in the estate, or a predetermined percentage thereof, are transferred to the SAG-AFTRA Foundation after beneficiaries have received their distributions; all estate debts are satisfied; and taxes and expenses are paid.

Contingent Bequest

In a contingent bequest, the assets would be transferred to the SAG-AFTRA Foundation if the donor’s primary heirs predecease the donor.

In the will, the donor can stipulate how the assets in the bequest are to be used by the SAG-AFTRA Foundation.

Unrestricted Bequest

In an unrestricted bequest, the assets may be used at the SAG-AFTRA Foundation’s discretion, where the need is greatest or for general purposes. In a restricted bequest, the assets can only be used for a specific project or purpose.

Honorary or Memorial Bequest

In an honorary or memorial bequest, the donor stipulates the assets have been bequeathed in recognition of an individual. In an endowed bequest, the SAG-AFTRA Foundation is directed to maintain the principal and use only the income generated by the principal.

Vehicle Donation

If you would like to donate your car to the SAG-AFTRA Foundation, please contact Riteway Car Donations who can help you every step of the way. Call 1-888 250-4490 or go online.

Stocks

Consider donating a gift of stock or appreciated securities. If your assets have appreciated in value it is best to contribute the securities directly as you avoid paying the capital gains on the appreciation.

Benefits

• You may receive immediate income tax savings.
• You may be able to avoid capital gains tax on appreciated stock.
• When you give appreciated stocks directly to charity, your gift can be up to 20% larger because you avoid the taxes you’d incur from selling and donating the cash.

If you are interested in donating stock or securities, contact development@sagaftra.foundation.