How Can My Gift Benefit Me and the Charity?
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You’re free to give almost any type of property to whatever organization you choose. But in order to retain the tax benefits associated with 慈善 giving, contributions need to be made to qualifying tax-exempt organizations that have been organized in the United States and meet certain criteria. In addition to common 慈善 organizations that operate exclusively for religious, 慈善, 科学, or educational purposes, you may give to veterans' posts, certain fraternal orders, volunteer fire departments, and civil defense organizations but not politically active groups.
The income tax deduction for your 慈善 gift will be determined in part by the type of property you give and the type of entity receiving it.
With an outright gift, you might receive an immediate income tax deduction that could equal the value of your gift, 在一定限度内. You can carry forward any gift amount that exceeds these limits for up to five years. Noncash gifts are more restrictive.
In addition to outright gifts, planned giving offers a way to make larger gifts than you might otherwise be able to do. 例如, by donating highly appreciated assets (such as stocks) during your lifetime, you may be able to help reduce or avoid paying capital gains taxes, thus potentially enhancing the value of your gift to the 慈善 organization and increasing your tax savings.
More gifting strategies
A gift of life insurance enables you to donate more than you might currently have available and results in a larger future gift to the 慈善 organization. If the charity is named as owner and beneficiary of the policy, you can receive an income tax deduction for the premiums you pay, within certain limits.
With a 慈善 lead trust, you (as grantor) place money or income-producing assets in the trust. The income generated from the assets is donated to the 慈善 organization for the duration of the trust. At the end of the trust period, the remaining assets are paid to you or to your heirs. 这可以帮助减少, or in some cases even eliminate, estate taxes on appreciated assets that are eventually transferred to your heirs.
Using a 慈善 remainder trust, you (as donor or grantor) donate property to the trust, naming the 慈善 organization as beneficiary, and you receive regular payments from the trust for a specific number of years or your lifetime. You are generally taxed on distributions to you from the trust. You may also qualify for a current income tax deduction on the estimated present value of the remainder interest that will eventually go to charity. And even though you cannot take your gift back once it’s in the trust, you can change the charity that will eventually receive your gift.
Giving strategically can benefit both you and the 慈善 organization you choose, and could potentially benefit your heirs. A properly planned gift might enable you to realign your 投资 portfolio, help diversify your holdings, increase your cash flow — and help leave a greater legacy.
Whatever gifting strategy you choose, planned giving can be very rewarding. It’s wonderful to see your gift at work and to receive tax benefits as well.
While trusts offer numerous advantages, they incur up-front costs and ongoing administrative fees. The use of trusts involves a complex web of tax rules and regulations. You might consider enlisting the counsel of an experienced estate planning professional and your 法律 and tax professionals before implementing such strategies.
The information in this newsletter is not intended as tax, 法律, 投资, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or 法律 professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2024 Broadridge Financial Solutions, Inc.