PLANNED GIVING

Planned giving enables individuals to make larger gifts to charitable organizations than would be possible from their ordinary income. It is a major gift made throughout the donor’s life or at death as part of a donor’s estate planning. These can include gifts of equity, life insurance, real estate, personal property, or cash. The benefits of funding a planned gift can make this type of charitable giving very attractive for both the donor and the charity.

Tax Benefits

• Donors can contribute life-income gifts, receive a tax deduction for the full fair market value of the assets contributed, less the present value of the income interest retained. If the gift is funded with appreciated property, the donor pays no capital gains tax on the transfer.
• Donors can contribute appreciated property, such as securities or real estate and receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
• Donors can make contributions directly from their IRA to a charity once they attain the age of 70 ½ and pay no income tax on the distribution.
• Gifts payable to a charity upon the donor’s death, such as a bequest, life insurance beneficiary designation, or retirement accounts, are exempt from estate tax.

For more information on how you can contribute to STS through planned giving, contact:

(NOTE: Before making a commitment of this type, consult your CPA, tax attorney or other financial advisor)

STS Advancement Office:

Office: 919-573-5350

         Email: info@shepherds.edu