SECURITIES: If you hold securities (stocks, bonds or mutual fund shares) that would bring a long-term capital gain if sold, their outright gift to Tabor would mean significant tax savings. You are not required to pay a capital gains tax on the appreciation. In this case the actual cost to you, the donor, is usually far less than the value of your gift to Tabor. You may mail stock certificates to Tabor at any time, and a receipt will acknowledge the mean market value of your gift on the date the certificate is received. You receive a tax savings while providing life’s necessities for children in need.
PERSONAL PROPERTY: An outright gift of real estate or your residence to Tabor Children’s Services will qualify for a charitable deduction. A gift in this form may enable you to avoid capital gains tax on the appreciation of the property, similar to appreciated securities, while giving children a better chance in life.
LIFE INSURANCE: Paid up and current life insurance policies may be gifted to Tabor Children’s Services. Structured to provide tax benefits to you, these policies also will help insure that children receive the services they need.
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BEQUESTS: A bequest to Tabor Children’s Services is a gift that can be made by almost everyone. It involves no immediate loss of capital or income, and tax benefits minimize the ultimate costs to one’s heirs. Large bequests can help Tabor in many ways, but smaller bequests can also add valuable support through additions to Tabor’s endowment. There are several types of bequests:
1. specific bequest (gift of certain amount of cash or property or a percentage of one’s estate);
2. residuary bequest (whatever is left of the estate after you have provided for others);
3. contingent bequest (in the event the primary beneficiaries do not survive you);
4. testamentary trust (giving lifetime benefits to another person or persons, with the understanding that the funds will then come to Tabor Children’s Services).
Your gift becomes a legacy for the future.
TRUSTS: Establishing a trust permits you to make a gift to Tabor Children’s Services during your lifetime while still receiving the income from capital, securities or other property involved. Two of the most common charitable trusts are the unitrust and annuity trust. In both cases, the income is available to you for your lifetime and, if desired, for the lifetime of a beneficiary. At the same time you will receive a charitable contribution deduction on your income tax; and capital gain, if any, is exempt from tax. Receive a tax savings, increase your income and help Tabor help abused and neglected children. |
