| Cash |
An outright gift of cash enabling the largest deduction from your taxable income.
|
- Immediate benefit to church
- Minimize gift planning
- Full charitable deduction
- Maximize deduction
|
$1
|
Easy
|
Your discretion
|
| Securities |
An outright gift made by transferring securities to your church, potentially enabling both a tax deduction for the gift and avoidance of capital gains taxes.
|
- Generous support for church
- Avoid capital gains
- Remove asset from estate
- Maximize deduction
|
$1
|
Easy to Moderate
|
To make the transfer, contact:
-
Your financial advisor
-
Church of the Good Shepherd,
Lisa Carter
555-555-5555
|
| Real Estate |
A gift of real estate may be deeded outright to the church. The irrevocable gift of property may provide an immediate tax deduction. Further Considerations...
|
- Generous support for church
- Income tax deduction
- Avoid capital gains
- Removal of sizeable asset from estate
|
Any
|
Complex
(Months)
|
Gather your team:
|
| Retained Life Estate |
Retained life estate provides for a gift of your property now but retains for you the right to live in and use the property for the lives of you and your survivor.
|
|
Any
|
Complex
(Months)
|
Gather your team:
|
| Charitable Gift Annuity |
An irrevocable gift of cash or securities where you receive a predictable fixed income for life.
At termination, the church receives the residual value of the annuity.
Rates: Single Life / Two Lives
EXAMPLE DIAGRAM
|
- Significant support for church
- Predictable Income
- Simple contract; no donor fee
- Immediate income deduction for a portion of the gift
- Income treated as part ordinary income, part capital gains income (15%), part tax-free
|
$10,000 |
Easy to Moderate
|
Go to Presbyterian Foundation's Gift Calculator
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.
At termination, the church receives the residual value of the annuity.
EXAMPLE DIAGRAM
Unitrust vs. Annuity Trust: What's the difference?
|
- Significant support for church
- Potentially increase income
- Charitable income tax deducation for a portion of the value of the gift
- Diversify source(s) of income
- Reduce estate size (and tax)
|
$200,000
varies
|
Complex
Wks-Months
|
Go to Presbyterian Foundation's Gift Calculator
Consult with:
|
| Charitable Lead Trust |
The lead trust's income payments are distributed to the your church for a set period of years, after which the assets are transferred back to the grantor (or whomever the grantor has named as beneficiary).
|
- Generous support for church now
- Removal of asset from estate
- Assets to heirs with little or no tax
- No deduction
|
$200,000
varies
|
Complex
Wks-Months
|
Go to Presbyterian Foundation's Gift Calculator
Consult with:
|
| Bequests by Will |
A gift to 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.
Let your church know.
|
- 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
- Significant support for church
|
Any
Amount or percent
|
Easy
|
Make Will or Add Codicil
Communicate with Church:
Church of the Good Shepherd,
Lisa Carter
555-555-5555
|
| Retirement Assets |
In some cases, retirement plans can be the best asset for a donor to leave to the 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 to bequest lower taxed assets for your heirs.
|
- Significant support for church
- No estate or income taxes for the 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 the church as a beneficiary an account or policy. This is a simple and inexpensive way to remember the church in the future. Consider:
INVESTMENT ACCOUNTS
"TOD" or "Transfer on Death": At death this designation immediately moves covered investment securities to a new owner - the 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 church.*
LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change the church to be the primary of the existing policy. If your loved ones still need the security of the policy, consider listing your church as a contingent beneficiary.*
|
- Retain complete control of the asset during your life.
- Change the designation any time.
- Beneficiary designations can be primary, secondary, congtingent.
- Meaningful support for your church.
|
$1
|
Easy
|
Beneficiary Designation Form
from your Insurance or Financial Institution
* Check with your advisor to ensure that this fits with your overall estate plan
|
