TYPES OF PLANNED GIFTS DURING LIFE

Stocks, Bonds, Real Estate or Assets

A donation of stocks, bonds, real estate and other assets to the Foundation is a simple way to provide an immediate and valuable benefit to the Foundation. A donor may be eligible for an income tax deduction equal to the fair market value of assets held for more than one year before donation (certain restrictions apply). This can be a very tax-efficient way to utilize highly appreciated assets without incurring a tax burden.

IRA Contributions

A donor who is 70 1/2 or older may direct up to $100,000 from an IRA to the Foundation and receive credit toward their required minimum distribution each year. While an income tax deduction is not available to the donor, the donor may receive tax savings because the amount directed will not be taxable income.

Charitable Remainder Trusts

Charitable Remainder Trusts allow for a donor to sell appreciated assets and defer recognition of the taxable gain, in some cases, for many years. The proceeds of sale can be reinvested in a diversified portfolio and will provide a stream of payments for life or a term of years to the donor (and possibly the donor’s spouse), with the balance of assets on hand (known as the remainder) passing to the Foundation at the time of trust termination without any income or estate tax burden. The donor may also be eligible for an income tax deduction for a portion of the value contributed to the trust at inception.