|
TO GIVE |
DO THIS |
SAVINGS |
| cash |
Give by check or other means of giving cash |
By deducting gifts up to 50% of your adjusted gross income in any one year. Carry over any excess into as many as five tax years. |
| securities |
Securities Send an unendorsed stock certificate in 1 envelope and a signed stock power form in another envelope. The gift is complete on the postmarked date of the later envelope. |
By deducting the full current value of the stock and bypassing any capital gains tax, which might be due on a sale.
By deducting such gifts up to 30% of your adjusted gross income in any one year.
By carrying over any excess into as many as five tax years. Securities must be long-term (held longer than a year) to qualify for favorable tax treatment. |
| personal property given for a related use |
Deed or deliver property to the recipient. |
By deducting the current value of your cost in the asset, depending upon how the asset will be used. Inquire about details.
Note: A qualified appraisal is required if you are claiming a charitable deduction of $5,000 or more. |
| life insurance |
Life Insurance Assign a charitable beneficiary (or owner and beneficiary) of an existing or new policy. |
By taking a deduction if you name a charitable owner and beneficiary. Inquire for details. |