Strategic gifting may enhance your donation for children or seniors.

Strategic planning is the corner-stone for effective giving, and by developing a plan that allows one to take advantage of the benefits of gifting while creating a potential income for the donor, and a legacy for your heirs.

  • It may enhance the value of your gift.
  • It may help reduce your income tax liability.
  • It may generate income during your lifetime.
  • It may help you reduce estate taxes and leave a greater legacy.

Key Gifting Strategies

  1. Outright Gift
  2. Gift of Insurance
  3. Charitable Remainder Trust
  4. Wealth Replacement Trust
  5. Charitable Remainder Annuity Trust
  6. Charitable Lead Trust

Outright Gift

Outright Gift Considerations

  • No size limits
  • Gift is tax deductible, within certain limits, up to 50% of adjusted gross income
  • Documentation is required for all cash donations
  • Assets are removed from taxable estate
  • No retained interest in gift

 

Gift of Insurance

Gift of Insurance Considerations

  • Can significantly increase the value of the gift
  • Premiums are generally tax deductible
  • No retained interest in the gift

 

Charitable Remainder Trust(s)

Charitable Remainder Trust Considerations

  • Can provide income for a set term or life
  • Receive fixed or variable annual income
  • No capital gains taxes on highly appreciated assets
  • Contributions to trust are partially tax deductible?(subject to certain limits)
  • May help reduce future estate taxes
  • Irrevocable donation

 

Wealth Replacement Trust

Wealth Replacement Trust Considerations

  • Donate appreciated assets to charity
  • Avoid capital gains taxes on appreciated assets
  • Receive income from assets during lifetime
  • Provide beneficiaries with life insurance death benefit (replacing value of assets given to charity)
  • Goes tax free to the heirs!!!!
  • Avoid estate taxes

 

Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Considerations

  • Can provide income for a set term or life
  • Receive fixed or variable annual income
  • No capital gains taxes on highly appreciated assest
  • Contributions to trust are partially tax deductible
  • (subject to certain limits)
  • May help reduce future estate taxes
  • Irrevocable donation

 

Charitable Lead Trust

Charitable Lead Trust Considerations

  • Assets eventually return to beneficiaries
  • Helps reduce or eliminate gift or estate taxes
  • Provides a current gift to charity
  • Lose present interest in property during life of the trust
  • Not tax exempt… you may owe taxes
  • Irrevocable donations

 

Maximize your tax deductible gift while potentially creating income for yourself and leaving a legacy for you heirs.

Let Woodstock Foundation show you how Strategic Gifting can help you support your favorite charities.

We hope to have Volunteers through out the Unites States that will help you develop an effective Estate, Retirement, or Gifting Strategy

If you would like to talk with a Regional Director or a Home Office Volunteer, please fill out and submit the form below. We will contact you promptly as requested.

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