Leaving your legacy with the Arthritis Foundation allows us to continue our fight against arthritis, so you’ll know that you’ve made a difference in the arthritis community for years to come. Planned giving is one of the most flexible, beneficial ways you can help us improve lives and conquer America’s leading cause of disability.
In our last post introducing you to planned giving, you learned about some of the high-level benefits you could experience when you donate a planned gift. Now we’ll differentiate the benefits you (and your loved ones) can realize depending on the type of planned gift you make.
Read a brief overview of the many types of donations you can make below.
Benefits of Giving Gifts of Stocks and Bonds
When you donate a gift of stocks and bonds, you could:
- Receive a charitable income tax deduction
- Avoid paying capital gains tax on the sale of appreciated stock
Providing us with a gift of stocks and bonds is one of the easiest ways to make a donation to the Arthritis Foundation! We accept both certified mail and electronic transfers. If your stock has gone up in value, you can donate it to the Arthritis Foundation and deduct the fair market value as a charitable contribution. You won’t need to pay the percentage of capital gains tax on the gain you received!
Benefits of Giving Gifts of Retirement Assets
Most people don’t use all of their retirement assets, such as their 401(k), IRA, 403(b) or pension, during their lifetime. Unfortunately, up to 60-70% of these assets might be taxed if you leave them to your heirs when you’re gone! You can avoid this tax by gifting your unused retirement assets to the Arthritis Foundation and leaving your loved ones other property, such as real estate or stock. With this type of gift, you might also:
- Avoid potential estate tax on retirement assets
- Receive estate tax savings from an estate tax deduction
- Help your heirs to avoid income tax on retirement assets
- Receive a charitable income tax deduction
Many people find that it’s easier to maximize the after-tax assets left to your children and other grandchildren by naming a charity, such as the Arthritis Foundation, as the beneficiary of your retirement assets, because the amount that might have gone towards taxes will be used to help us find a cure and provide the arthritis community with life-changing information.
Benefits of Giving Gifts of Cash
Donating cash is a quick and easy way to make an immediate impact on our mission! Additionally, you might also be able to deduct the full value of a cash gift by up to 50% of your adjusted gross income in one year.
You can even donate safely and securely online – or send us a check or money order by mail. Just be sure to let us know how you want your gift used by indicating its purpose in a letter or in the memo line!
Benefits of Giving Gifts of Insurance
If your life insurance policy is outdated (for instance, you might have purchased a policy to provide for minor children who have now grown into financially-independent adults), you might consider gifting your policy to us! The flexibility of this donation can be beneficial to both you and the Arthritis Foundation. Benefits might include:
- Providing a sizeable gift (by paying the premium) to a charity in excess of what would otherwise be possible to those left for family members (while still keeping family members assets intact)
- Providing proceeds to the Arthritis Foundation free of income and estate taxes, probate and administrative costs
- Providing a guaranteed, fixed (or potentially increasing) amount without the market risks of donating securities that could decrease in value
- Receiving additional tax deductions each year by making annual gifts
- Receiving a charitable income tax deduction
Benefits of Giving Gifts of Real Estate
By providing us with appreciated real estate, including land, commercial properties or a home, you’ll help us champion the fight against arthritis! What’s more, this method of donation might allow you to:
- Receive a charitable income tax deduction based on the market value of the property
- Potentially avoid paying brokers’ fees (by donating instead of selling)
- Relieve your financial burden of maintaining the property after you’re gone
- Reduce your legal and tax liabilities on the property
We’ll talk you through how to execute or sign a deed transferring the (full or partial) ownership of your property.
Let Us Help!
If you’re unsure about what type of planned gift to donate, or if you have questions about the donation process, please contact us by filling out our short online form, calling 866-528-8687 or emailing firstname.lastname@example.org. Stay tuned for the next posts in our planned giving series to learn more about how to leave your legacy with us and benefit from the outcome!
- Leave Your Legacy: Planned Giving 101
- Planned Giving Options: How to Give- Part One
- Planned Giving Options: How to Give – Part Two