Ways to Give
Giving options provide exceptional planning strategies and flexibility and may minimize tax implications.
- Reduce your income taxes
- Avoid capital-gain tax
- Increase your spendable income
- Retain payments for life
- Achieve no-cost, worry-free asset management
Types of Giving Include:
Gifts of Assets
The simplest way to support is through cash gifts. But creative gifts of assets can include stocks, bonds, and property (real estate and personal property such as artwork). These can not only provide you with charitable deductions, but often offer additional tax savings as well. ...
Gifts by Will
Through various types of bequests for , you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support for years to come. ...
Gifts by Estate Note
You may make a charitable gift to after your lifetime without revising your current will or estate plans. There is no obligation to transfer assets during the donor's lifetime. ...
Gifts That Pay You Income
Do you want to support , but worry about having enough income for yourself and your loved ones? Life-income gifts, such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of supplying with vital, long-term resources. ...
The Charitable Lead Trust
Transferring property to and individuals you wish to benefit is not always an either/or proposition. With careful planning, you may be able to arrange your transfers to accomplish more than one objective. For example, if you have assets that are appreciating, children who may want to start a business in the future, and a desire to assist , you may wish to consider creating a charitable lead trust. ...
Gifts of Retirement-Plan Benefits
You may consider using retirement-plan benefits to make a significant gift that will support . Because of the estate- and income-tax treatment of retirement-plan benefits, the cost of your gift to your estate and heirs is often relatively small. ...
Please note: The federal estate tax is currently back in effect through the end of 2012. The top tax rate is now 35%, and the exclusion amount is $5,120,000 per person and $10,240,000 per married couple. Any exclusion amount not used by a spouse who dies after December 31, 2010, is portable and generally may be used by the surviving spouse. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans.