Current Planned Gifts
Goal: Quick and Easy Gift
Cash, Check, or Online Credit or Debit
- Immediate income tax deduction and possible estate tax savings
- Automatic regular gifts option
- Direct gifts from your Donor Advised Funds
Sell a security that has declined in value and give the proceeds to charity
- Cash gift benefits
- Long or short-term capital losses to offset gains
Goal: Reduce Capital Gains Taxes
Transfer marketable securities—stocks, bonds, mutual funds, etc.—directly to your charity.
- Gift is recorded at the current market value
- Capital gains taxes are avoided
Transfer appreciated real estate, commercial property, or private residence to your charity.
- Tax deduction for present fair market value
- Subject to real estate transfer evaluations and conditions
Goal: Avoid Taxes from Withdrawals from Retirement Accounts
Required Minimum Distributions (RMD) up to $100,000 from Individual Retirement Accounts (IRAs) for individuals over 70 ½ years of age may be transferred directly to your charity without being included in taxable income. Provision considered by Congress each tax year, so consult your tax advisor.
Goal: Make a Large Gift with Little Personal Cost
Contribute life insurance policies no longer needed
- Name the charity as the beneficiary of the insured
- Continuing policy premiums paid by the insured may result in certain tax deductions. (Consult your tax advisor)
Note: As with all significant financial decisions, you should consult your tax and legal advisors before entering into complex planned giving agreements. For general questions or professional resource introductions, contact Tom Assmus.