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Outright gift. You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Your gift qualifies for maximum charitable benefit under state and federal law.
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You can take advantage of several strategies designed to help you make charitable gifts while enjoying tax benefits and preserving economic security for yourself and your loved ones. Some examples are:
Bequests. You can designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.
Gift Annuity. You can make a gift of cash or property to your community foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual income payments for life.
Charitable Remainder Trust. You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation, and is placed in a charitable fund you've selected. You receive income tax benefits the year you establish your trust.
Charitable Lead Trust. You can place cash or property in a trust that pays a fixed amount to your community foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes.
Pooled Income Fund. You can make an irrevocable gift of cash or securities to a pooled in come fund, which invests your gift with all other fund donors. Your proportional share of the fund's income is distributed quarterly to you or other income beneficiaries you name. The amount distributed varies with the fund's earnings. Upon the death of the last income beneficiary, the principal attributable to your gift is removed from the fund and given to your community foundation.
To learn more about ways you can give later, contact the Center for Planned Giving at 520.770.0800. |
The information on this site is not intended as legal, tax, or investment advice. For such advice, please consult an attorney, tax professional, or investment professional.
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