Gifting Guide

Gift Guide Chart

“Give to the Most High as He has given to you, generously, according to your means.” -Sirach 35:7-10

The chart below may help you find a way to give generously, but within your means.

 

If you would like to:

Consider:

Other ways it may be a benefit:

Make a gift now

Donating cash

+ Eligible for a charitable deduction, if your tax situation allows

Make a gift now without depleting cash reserves

Making an IRA Qualified Charitable Distribution

+ Excluded from taxable income

Make a gift now without depleting cash reserves

Donating appreciated:
Securities
Real property

+ Avoid capital gains
+ Eligible for a charitable deduction, if your tax situation allows

Make a gift now without depleting cash reserves

Donating grain or livestock

+ Value is excluded from income and self-employment tax
+ Eligible for a charitable deduction, if your tax situation allows
+ Deductible production expenses

Make a gift now and in the future: use accumulated assets to grow a fund for giving

Creating a Donor Advised Fund

+ Avoid up-front capital gains for appreciated assets
+ Eligible for a charitable deduction, if your tax situation allows
+ Avoid taxes on the fund’s growth

Make a gift that can be cashed now or will be a significant gift in the future for a modest cost

Naming a charitable owner and beneficiary for a paid up life insurance policy

+ Eligible for a charitable deduction, if your tax situation allows

Make a significant gift in the future and still support yourself and your family

Making a bequest in a will or trust

+ Retain control of your assets during your lifetime
+ Reduce potential estate taxes for your heirs

Make a significant gift in the future while continuing to make withdrawals

Naming a charitable beneficiary for your Retirement Plan Assets

+ Reduce income taxes and potential estate tax for heirs
+ Pass other more favorably taxed property to your heirs

Make a significant gift in the future, while receiving lifetime income

Charitable Gift Annuity

+ Avoid up-front capital gains tax on appreciated assets
+ Eligible for a charitable deduction, if your tax situation allows
+ Partially tax-free income
+ Could improve the return on your assets

 

Implications of the 2018 tax law

2018 Tax Law and Charitable Gifts

Please consult with your own attorney and other professional advisors regarding your personal tax and financial situation.

 

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Contact the Office of Stewardship and Development

Kathy Sloss, Office Administrator (816) 714-2359