If you mail a donation to the Foundation at year's end, the IRS will allow you to take a deduction
in the year your donation check is postmarked, even if we receive the check in th new year?
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
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Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to our organization.
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You may be looking for a way to make a significant gift to help further our mission. A bequest
is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.
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Howard and Lynn were age 55 when they purchased some land outside of town. They thought it would be a good investment that they could later sell for a higher price.
Over the years, development from town has moved toward the property and their land is now next to a large commercial store. They now rent the property to the commercial store for overflow parking.
Howard: We have owned this property for over 10 years. It has been a good investment and increased in value. We have received just enough rental income in the last few years to pay the taxes. However, we now would like to sell.
Lynn: It would be nice if we could sell without paying a large tax. Our tax advisor has told us that if we were to sell, there would be a large capital gains tax. We also could use some tax deductions this year.
The good news is that Howard and Lynn were able to create a special trust called a charitable remainder unitrust and receive three very nice benefits.
Howard: We are delighted with our unitrust. With our unitrust, we saved about $36,000 in capital gains tax and almost $18,000 in income taxes. That is over $54,000 in tax savings!
Lynn: Plus, we increased our income. The land was producing almost no income before. Now, we receive over $12,000 in income each year. This increased income is one of my favorite parts of the plan.
*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits may be different, you may want to click here to view a color example of your benefits.