Types of gifts

• Bequests in wills and trusts
  Goal: Make a posthumous gift.
  Benefit: Donations are fully exempt from federal estate tax and you retain control of your assets.
  Sample bequest language


• Charitable gift annuities
  Goal: Receive guaranteed fixed income that is partially tax-free.
  Benefit: Current and future savings on income taxes plus fixed, stable payments.


• Deferred charitable gift annuities
  Goal: Receive a larger, guaranteed fixed income that is partially tax-free but does not begin immediately.
  Benefit: Current and future savings on income taxes plus larger, fixed, and stable payments timed to your needs.


• Charitable remainder trusts
  Goal: Secure payments for life while reducing market risks.
  Benefit: Potential increased income and tax benefits.


• Retained life estate
  Goal: Donate your residence, vacation home, or farm subject to a life estate.
  Benefit: Tax advantages plus use of the property for your lifetime or a term of years while continuing to be responsible for all property taxes and upkeep.


• Charitable lead trusts
  Goal: Pass assets to heirs at potential tax savings.
  Benefit: A charitable tax deduction and favorable estate tax circumstances.


• Charitable bargain sales
  Goal: Reduce capital gains on appreciated property.
  Benefit: Cash to pay off your mortgage or other loans and a charitable tax deduction for the gift portion.

Assets to consider

• Retirement assets
  Goal: Avoid the twofold taxation on IRA or other employee benefit plans.
  Benefit: Allows you to leave your family other assets that carry less tax liability.


• Appreciated stock
  Goal: Avoid capital gains tax on securities sale.
  Benefit: No capital gains tax and charitable deduction based on fair market value.


• Real estate
  Goal: Avoid capital gains tax on the sale of a home or other real estate.
  Benefit: A charitable tax deduction with the possibility of reducing or eliminating capital gains tax.


• Life insurance
  Goal: Make a large gift with little cost to you.
  Benefit: Potential current and future income tax deductions.


• Tangible personal property
  Goal: Make a gift of tangible property, such as coins, stamps, antiques, or art.
  Benefit: A charitable tax deduction and the possibility of income for life if established through a trust.
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