Planned Giving can be defined as ways a donor can leave money/assets to a nonprofit at his/her death; or a way to invest money so that the donor receives benefits during his/her life and then bequeaths the remaining funds to the nonprofit. These charitable gifts are often made as part of a donor’s overall financial planning. Planned giving not only carries benefits for the recipient but for the donor as well.
Potential benefits might include:
- A means to make significant donations to charity
- Passing assets to family at a reduced tax rate
- Avoidance of capital gains tax
- Increase current income for the donor or others
- Reduce the donor’s income tax
There are multiple opportunities available when it comes to planned giving that help the Duvall Homes as well as offer tax and income benefits:
- One-time or continuous cash donations, stocks, bonds, money market funds, or other forms of appreciated securities are most common form of gift with highly attractive tax advantages.
- Real estate donations are also a way to contribute. If you are hesitating to sell real estate due to potential large capital gains taxes, you may transfer the property to Duvall Homes and derive substantial benefits.
- Life insurance is another way to make a substantial gift. A policy can be assigned to Duvall Homes whether it is paid up, partially paid up, or is a new policy.
- Gifts from wills of families of residents form an important source of donations for Duvall Homes. This type of gift allows the donor to invest in the future care of a loved one, programs he or she is involved with, or general operations that make Duvall Homes a home.
- Life income plans and trusts can be a form of giving as well and can bring immediate benefits.
For additional information and/or for advice regarding planned giving please contact your financial advisor.
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