Planned Giving
Planned Giving provides a vehicle through which many supporters and friends can be major benefactors of the organization. Each gift will be acknowledged with a receipt for your records. Donors can have a greater impact by utilizing a planned giving vehicle to make a larger gift. In some cases, tax advantages might be obtained for the donor.
Another reason to make your gift in the form of a non-cash asset is the tax savings. When you give an asset that you have owned for more than one year and a day that has increased in value since you acquired it, you are usually entitled to an income tax deduction for the full current value of the asset, not just the amount you paid. You would also bypass any capital gains tax that would have been due if you had sold the asset.
Planned Giving provides a vehicle through which many supporters and friends can be major benefactors of the organization. Each gift will be acknowledged with a receipt for your records. Donors can have a greater impact by utilizing a planned giving vehicle to make a larger gift. In some cases, tax advantages might be obtained for the donor.
Another reason to make your gift in the form of a non-cash asset is the tax savings. When you give an asset that you have owned for more than one year and a day that has increased in value since you acquired it, you are usually entitled to an income tax deduction for the full current value of the asset, not just the amount you paid. You would also bypass any capital gains tax that would have been due if you had sold the asset.
