Gift & Financial Benefits to Donor

Cash or Appreciated Property
Current (outright) gift made today which is quick and easy to give.

• Receive a current income tax deduction based on current fair market value of the asset at the date of the gift
• Avoid possible capital gains taxation on the difference between fair market value and basis on appreciated assets
• See goals and dreams fulfilled

Bequest
Deferred gift which will go to charity sometime in the future when there is no longer a need for the property.

• Control the property during life time
• Can be changed at any time
• Can made gift for a particular asset, specific dollar amount, a percentage of estate, the remainder or residue of an estate
• Avoid possible Federal estate tax

Charitable Gift Annuity
Contractual agreement made between a donor and a charity. Provides fixed annual payments for your, and/or your spouse or another’s lifetimes. The residual value of the gift will pass to the charity.

• Receive a current charitable income tax deduction in the year the gift is made
• Receive portion of each annuity payment as tax free return on investment and portion as ordinary income
• Spread capital gains tax over the donor’s life expectancy
• Avoid Federal gift and estate taxes on assets removed from the estate

Life Insurance Policy
Contractual agreement between an individual and a life insurance company. Flexible, convenient, easy, and cost efficient way to carry out charitable intentions. Simply name the charity as beneficiary, contingent beneficiary or owner of the policy.

• Name the charity as primary or contingent beneficiary on a policy already owned – premiums are tax deductible if charity is made “owner” of the policy
• Purchase a new policy and name the charity “owner & beneficiary” – premiums are tax deductible
• Give a paid up policy – the cash surrender value is tax deductible and a current gift is made
• Assign the dividends – value of the dividends are tax deductible and a current gift is made

Retirement Plan Account
Contractual agreement between an individual and a plan sponsor. Simply name the charity as beneficiary or contingent beneficiary.

• Control property during lifetime
• Bypass income tax otherwise assessed to heirs
• Bypass possible estate taxes

Real Estate Gift
Current or deferred charitable gifts can be made of real property or real property can be sold to a charity at a bargain price.

• Avoid possible capital gains taxation on the difference between fair market value and basis on appreciated property
• Receive a current income tax deduction based on current fair market value of the property at the date of the gift
• Remove taxable assets from the estate

Revocable Living Trust
Revocable Living Trusts can be used to make either current or deferred charitable gifts.

• Retain control and supervision over the trust’s assets
• Bypass probate and retain privacy
• Convenient tool for management of assets in event of incapacity
• Possible savings of gift and estate taxation

Retained Life Estate
Current irrevocable gift of a home or family farm made to charity today with the right to continue using property for the remaining life time of the donor/donors.

• Receive an immediate federal income tax deduction for the value of the eventual charitable gift in the year the gift was arranged
• Remove value of the property from the estate for estate tax purposes
• Most attractive to older donors

Charitable Remainder Trust
Deferred irrevocable trust which can provide the donor with a current life time income with the remainder going to charity at the trust’s termination.

• Avoid potential capital-gains taxation
• Receive a current income-tax deduction for the present value of the charitable remainder interest
• Exchange a potentially low-income-producing asset for an increased annual income of a fixed or variable percentage for one or two life times
• Eliminate estate and gift taxes on the assets removed from the estate

Charitable Lead Trust
Current irrevocable trust which temporarily provides a current income to the charity. When trust terminates the assets in the trust will be returned to you or your heirs.

• Give a current outright gift to charity today
• Return of assets to donor or their heirs at the termination of the trust
• Can possibly eliminate estate or gift taxation
• Most attractive to high net worth donors