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End of Year Gift Options

Monday, December 1, 2014 @ 10:19 AM
End of Year Gift Options It’s the end of the year, and if you are like many individuals, you are thinking about ways to offset your current taxable income.
There are a number of ways to make an end of year gift that provide you with valuable benefits and help further our work. -

It’s the end of the year, and if you are like many individuals, you are thinking about ways to offset your current taxable income. The good news is that it’s not too late to make a tax deductible charitable gift, providing you with valuable tax savings on this year’s return. Best of all, your generous gift will help further our organization’s mission.

There are a number of ways to make an end of year gift that provide you with valuable benefits and help further our work. Here are a few options to consider:

What Can Be Given?
Cash. Most charitable gifts are made in the form of cash. When you itemize your tax deductions, you may receive up to the full value of your gift.

Appreciated property. If you wish to sell appreciated stock or real estate without paying capital gains tax, check with us on ways to transfer your property as a gift. We will sell your property tax-free and you will receive a charitable tax deduction for your gift.

Living Will or Trust. Wills, life insurance policies and retirement accounts offer special ways to leave a lasting legacy.

Deductible Gifts. If you are looking for ways to make a tax deductible gift this year and increase your income for retirement or the future, you might consider a Charitable Gift Annuity or Unitrust.

As the end of year approaches, carefully considering what to give and when to give it can increase the impact of your gifts while helping to meet your individual needs as well. You can reach us at the AFA Foundation by calling 1-800-326-4543 ext. 345 or visit our website and sign up for our eNewsletter at www.afafoundation.net.

Wriley Wildmon Davis Associate Director, AFA Foundation More Articles SHOW COMMENTS
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