In general, the following is some information that might be of interest.
Please consult your financial advisor for advice about planned giving.
DONOR GOAL: |
THE DONOR CAN: |
BENEFITS TO DONOR ARE: |
Avoid tax on capital gains |
Contribute long-term appreciated stock or other securities |
A Charitable deduction plus no capital gains |
Share a collection or other personal item |
Donate tangible personal property related to an exempt function |
A charitable deduction based on the full fair market value |
Make a revocable gift during their lifetime |
Name charity as the beneficiary of assets in living trust |
Full control of the trust terms for donor lifetime |
Defer a gift until after donor lifetime |
Put a bequest in donor will (giving cash, specific property, or share of the residue) |
Donations are fully exempt from federal estate tax |
Make a large gift with little cost to donor |
Contribute a life insurance policy donor no longer needs |
Current and possibly future income tax deductions |
Avoid the twofold taxation on IRA or other employee benefit plans |
Name charity as the beneficiary of the remainder of the assets after donors lifetime |
It lets donor leave family other assets that carry less tax liability |
Avoid capital gains tax on the sale of home or other real estate |
Donate the property to charity, or sell it to charity at a bargain price |
An income tax reduction plus reduction plus reduction or elimination of capital gains tax |
Give donor’s personal residence or farm, but retain life use |
Create a charitable gift of future interest, called a retained life estate |
It gives the donor tax advantages plus use of the property |
Create a hedge against inflation over the long term |
Create a charitable remainder unitrust |
It pays donor a variable income for life and gives donor tax benefits |
Secure a fixed life income while avoiding market risks
|
Create a charitable remainder annuity trust |
It gives donor tax benefits and often boosts donor’s rate of return |
Receive guaranteed fixed income that is partially tax-free |
Create a charitable gift annuity |
Current and future savings on income taxes, plus stable income |
Reduce gift and estate taxes on assets donor passes to children or grandchildren |
Create a charitable lead trust that pays income to charity for a specific term of years |
It has the estate tax benefits of a gift, but donor’s family keeps the property |
