Choosing the right planned gift depends on your personal circumstances and goals. Discuss giving options and tax implications iwth your attorney or wealth advisor; then, contact the Department of Advancement at Heritage. Or, if you have questions, please call us anytime.
CASH GIFTS AND IRA CHARITABLE ROLLOVER
Charitable cash donations to Heritage are usually tax deductible. You also can now make a tax-free gift from your individual retirement account (IRA). Known as the IRA charitable rollover, it allows you to make annual gifts from your IRA this year and in the future. Just indicate how you would like your gifts to be allocated.
BEQUESTS AND ESTATE PLAN GIFTS
Make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Heritage as a beneficiary of a retirement plan or life insurance policy.
LIFE INCOME GIFTS
Lets you enjoy a charitable income tax deduction and an income stream for you and/or your loved ones. Ask your financial advisor about vehicles such as Charitable Gift Annuities, Charitable Remainder Unitrusts, Charitable Remainder Annuity Trusts, Pooled Income Trusts and Charitable Lead Trusts.
Valuable items such as artwork, books, furniture and equipment, and antiques can also be gifted to Heritage.
WHAT GIFT PLANS RETURN INCOME TO DONORS?
Charitable gift annuities make fixed payments, starting either when the gift is made (an immediate-payment gift annuity) or at a later date (a deferred or flexible gift annuity). Some organizations maintain pooled income funds, which commingle donations, pay beneficiaries variable depending on the earnings of the fund, and generally operate like a charitable mutual fund. Charitable remainder unitrusts and annuity trusts are individually managed trusts that pay the beneficiaries either a fixed percentage of trust income or a fixed dollar amount.
WHAT ARE THE TAX BENEFITS OF PLANNED GIFTS?
You can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
If you elect to establish a life-income gift, you can receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if you fund your gift with appreciated property you will pay no upfront capital gains tax on the transfer.\
Gifts payable to charity upon death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.
Please give or call to learn more
Choosing the right planned gift depends on your personal circumstances and goals. Discuss giving options and tax implications with your attorney or wealth advisor; then, contact the Office of Advancement at Heritage. Or, if you have questions, please call us anytime. If you do provide for Heritage in your estate plan, let us know. We just want to say thank you!