Leave a Legacy.
The following are a few ways Planned Giving can be structured:
An outright gift of cash qualifies for a full charitable deduction for most donors who itemize their federal income tax returns.
Transferring shares of stocks, bonds, or mutual funds that have increased in value to Kids In The Middle is a great way to make a charitable gift. Tax savings is twofold: you will not be subject to the capital gains tax while earning a charitable deduction for the current value of the security.
One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements. A bequest can also reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
Kids In The Middle can be named as the beneficiary of a new or existing life insurance policy. If Kids In The Middle is also named as the owner of the policy, all of the donor’s premium payments are charitable deductions.
Charitable Gift Annuities
This gifting technique is an outright gift of cash, securities, or other property to Kids In The Middle made during a donor’s lifetime in return for the organization’s promise to pay a lifetime annuity income to the donor.
Kids In The Middle can be named as the ultimate beneficiary of a charitable remainder trust or the income beneficiary of a charitable lead trust. Both are highly effective estate planning tools that can benefit the donor now or later.
Significant tax benefits can be gained by naming Kids In The Middle as a residual beneficiary of retirement plan assets. This option allows a donor to defer a gift to the end of his or her lifetime, reduce the size of the estate, and meet charitable objectives.
Gifts of securities and real property may provide important tax advantages. Their full fair market value is deductible as a charitable contribution with certain limitations.