The following chart will help you determine the type of gift that is right for you and your individual circumstances. When considering a planned gift, or making a significant gift of any kind, you should always consult with your legal, tax and financial advisor.
|Make a quick gift and maximize your deduction||Donate cash to make your gift||Claim your deduction against a larger portion of your adjusted gross income|
|Afford a larger gift and avoid capital gains liability||Give appreciated stock or bonds held over one year||Buy low and give high – make a gift that costs you less than the benefit it delivers, while avoiding capital gains tax|
|Make a gift that doesn’t affect your cash flow or current portfolio||Leave a bequest in your will (cash, specific property, or a share of your estate residue)||Today – A gift that costs nothing, Tomorrow – an estate tax deduction for value of gift|
|Secure a fixed income from assets you give – thus afford a larger gift||Create a Charitable Remainder Trust||Receive income for your lifetime; receive an immediate tax deduction; avoid capital gains tax, and diversify your portfolio|
|Avoid capital gains tax on the sale of residence or other real estate||Donate the residence or real estate to Annandale Village or sale at bargain price||Immediate income tax deduction; avoid capital gains tax|
|Make a meaningful gift at little to no cost to yourself||Donate qualified retirement plans (IRA’s and 401(k)’s) by naming Annandale Village as beneficiary of 100% of the balance||Eliminate income tax on retirement plan assets, including deferred income tax and estate tax|
|Avoid capital gains liability on the transfer or a business or partnership interest||Contribute the partnership interest or closely held stock||Avoid capital gains liability; receive an income tax deduction; and utilize a gift asset you may have overlooked|