Give in Your Will or Your Trust
or email Ken Daniel at firstname.lastname@example.org
Stocks and publicly traded securities are easy to give and offer great tax advantages.
Have you made provisions in your will or revocable living trust to benefit us? Three popular options are to leave us a percentage of your estate after making provisions for family and friends; leave us a specified sum of money; or leave us a particular piece of property.
Do you have life insurance policies that are no longer needed? For example, maybe you purchased policies for your young children who are now grown. To put them to use, consider donating the policies to us or simply naming us as beneficiary.
When you make an endowed gift with cash, securities or other assets, only a portion of its income will be spent, allowing the remaining amount to continue growing. That portion of your gift will supplement our programs forever.
You can create a memorial by making a donation to us today or by leaving us a gift through your will or living trust.
A CRT will pay you either a variable or fixed dollar amount depending on whether you choose a unitrust or annuity trust, respectively-each year for the rest of your life from assets you place in a trust. After your lifetime, the balance in the trust goes to the charities of your choice. Plus, you are eligible for an immediate partial income tax deduction.
This charitable trust pays income to one or more charities, typically for a period of years, and then the remaining assets in the trust pass to noncharitable beneficiaries, such as family. Based on the circumstances, the type of property used and the intended beneficiaries, lead trusts can have significant estate or gift tax benefits.
Are you aware that you can name us as the "payable-on-death beneficiary" of your bank accounts (savings or checking) or on any certificates of deposit? Upon your death, the assets will pass directly to us without going through probate. Visit your bank and request to name a beneficiary on your accounts or CDs. You can change beneficiary designations any time you wish.
When you redeem savings bonds, you typically pay income tax on the deferred interest. If you never redeem them, either your estate or the person who inherits them will have to pay the tax. So the best way to bypass the tax burden and make a charitable bequest is for you to add a codicil to your will or an amendment to your living trust that leaves your bonds to us.
Because tax laws often subject retirement plan or IRA assets to the highest income tax when paid to your loved ones, leaving these assets to charity may be the most efficient estate planning option. We can receive all that's left to us from a retirement plan or IRA. Leaving these same assets to your loved ones, however, can expose the assets to income taxes at their ordinary income tax rate.
Giving real estate allows you to make a significant gift with a tax-friendly outcome. You can donate real estate in several ways:
The information in this publication is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in the example are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law my impact your results.