Tax Advantages

Donors may take advantage of a variety of giving options, all of which offer different tax advantages.

• Irrevocable gifts, either current or deferred, may qualify for immediate income tax deductions. Deductions can be taken annually up to a portion of adjusted gross income and may be carried forward an additional five years. Irrevocable gifts include outright gifts made during one’s lifetime, as well as planned giving vehicles, such as charitable lead trusts, charitable remainder trusts and gifts of life insurance.
• Estate and gift tax relief can also be achieved through gifts of retirement. In particular, making a gift through your will can be helpful for those donors seeking to reduce or even eliminate estate taxes.
• Capital gains tax savings are possible when long-term appreciated property (e.g., securities and in some cases, real estate) is donated through outright gifts and charitable remainder trusts.

The Foundation can work with you and your advisors to explore various planned giving options. We encourage you to consult your estate planning attorney and CPA to discuss your specific needs.