| Cash |
An outright gift of cash provides the largest deduction from your taxable income. |
- Immediate benefit to your church
- Minimize gift planning
- Full charitable deduction
- Maximize deduction
|
Any Amount |
Easy |
Your discretion |
| Securities |
An outright gift made by transferring securities to your church, potentially provides both a tax deduction for the gift and avoidance of capital gains taxes. |
- Generous support for your church
- Avoid capital gains taxes
- Remove asset from estate
- Maximize deduction
|
Any Amount |
Easy to Moderate |
To make the transfer, contact:
- Your financial advisor
- Grace Presbyterian Church
Central Campus
1515 W. Charleston Blvd
Las Vegas, NV 89102
702-384-4554
|
| Real Estate |
A gift of real estate may be deeded outright to your church. The irrevocable gift of property may provide an immediate tax deduction. Further considerations... |
- Generous support for your church
- Income tax deduction
- Avoid capital gains taxes
- Removal of sizeable asset from estate
|
Any |
Complex
|
Gather your team:
|
| Retained Life Estate |
Retained life estate provides for a current gift of your property, and you retain the right to live in and use the property for the lives of you and your designee(s). |
|
Any |
Complex
|
Gather your team:
|
| Charitable Gift Annuity |
An irrevocable gift of cash or securities where you receive a predictable fixed income for life.
In exchange for your gift to the Foundation, you will receive payments for life and a portion of your gift may be made available immediately to support a mission or ministry you have selected or it could be distributed after your lifetime.
Rates: Single Life / Two Lives
EXAMPLE DIAGRAM |
- Significant support for your church
- Predictable income
- Simple contract; no donor fee
- Immediate income tax deduction for a portion of the gift
- Income treated as part ordinary income, part capital gains income, part tax-free
|
$10,000 |
Easy to Moderate |
Consult with:
|
| Charitable Remainder Trust |
An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust's termination, the trust assets become a generous gift to your church.
EXAMPLE DIAGRAM
Unitrust vs. Annuity Trust: What's the difference? |
- Significant support for your church
- Potentially increase income
- Charitable income tax deducation for a portion of the value of the gift
- Diversify source(s) of income
- Reduce estate taxes
|
$200,000
varies |
Complex
|
Consult with:
|
| Charitable Lead Trust |
Income payments are distributed to your church for a set period of years, after which the assets are transferred back to the grantor or the grantor's beneficiary. |
- Generous support for your church now
- Removes trust assets from estate
- Transfers assets to heirs with little or no tax
- No deduction
|
$200,000
varies |
Complex
|
Consult with:
|
| Bequests by Will |
A gift to your church through your will (or revocable trust) enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific value, percentage or the residual value of your estate.
Please let your church know your intentions. |
- Significant support for your church
- No immediate cost
- You retain the asset and its use
- May change at any time
- Leave a specific amount or percent
- Federal estate tax exempt
|
Any
Amount or Percent |
Easy |
Make Will or Add Codicil
Communicate with your church:
Grace Presbyterian Church
Central Campus
1515 W. Charleston Blvd
Las Vegas, NV 89102
702-384-4554
|
| Retirement Assets |
In some cases, retirement plans can be the best asset for a donor to leave to your church. Retirement assets can be taxed up to 70% upon inheritance. Naming your church as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve lower taxed assets to bequest to your heirs. |
- Significant support for your church
- No estate or income taxes for your church.
- Leaves other more favorably taxed assets to heirs.
|
Any
Amount or Percent
|
Easy |
Beneficiary Designation Form
from your plan administrator
Your advisor can help decide if this fits with your overall estate plan |
| Beneficiary Designations |
Designate your church as a beneficiary of an account or policy. This is a simple and inexpensive way to remember your church in the future. Consider:
INVESTMENT ACCOUNTS
"TOD" or "Transfer on Death": At death this designation immediately moves designated investment securities to a new owner - your church if you wish.*
BANK ACCOUNTS
"POD" or "Payable on Death": transfers bank account assets to the POD beneficiary. You may wish to consider a bank account not needed by heirs - to benefit the your church.*
LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change your church to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing your church as a contingent beneficiary.* |
- Meaningful support for your church.
- Retain complete control of the asset during your life.
- Change the designation any time.
- Beneficiary designations can be primary, secondary or congtingent, and they can be specific amounts or a percentage of the account.
|
Any
Amount or Percent
|
Easy |
Beneficiary Designation Form
from your Insurance or Financial Institution
* Check with your advisor to assure that this fits with your overall estate plan |
