Gifts
of Real Estate
If you own property that is full paid off and has appreciated
in value, an outright gift may be the simplest solution. You
can deduct the fair market value of your gift, avoid all capital
gains taxes, and remove that asset from your taxable estate.
You can transfer the deed of your home or farm to us now and
keep the right to use the property for your lifetime and that
of your spouse.
Gifts
of Life Insurance
You can donate a life insurance policy to us or simply name
us as the beneficiary. For the gift of a paid-up policy, you
will receive an income tax deduction equal to the lesser of
the cash value of the policy or the total premiums paid. To
qualify for the federal charitable contribution deduction on
a gift of an existing policy, you must names as owner and beneficiary.
Gifts
of Retirement Plan Assets
Did you know that nearly half your retirement plan assets can
be eaten away by taxes at your death? Learn how to preserve
more of your estate for the people and organizations that matter
most in your life.
Gifts
of Securities: Closely Held Stock
Closely held stock, that which is not publicly traded, can also
be used as a charitable gift even if you want to maintain a
control position in the stock.
Gifts
of Cash
The simplest way to give. However, you can deduct a cash gift
for income tax purposes only in the year in which i you contribute
it. Your cash gifts are deductible up to 50 percent of your
adjusted gross income for the taxable year, but any excess is
deductible over the next five years.