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Making charitable contributions is an art. And, like any art, it is a
living creative process that adapts to your changing needs and wishes as
a donor. Planned giving enables you to arrange charitable contributions
in a manner that maximizes your own personal objectives minimizing the
after-tax cost.
Depending on the choice of the gift asset and the type of arrangement
selected, you can generally expect to obtain some or all of the
following benefits:
- Fulfillment of philanthropic goals
- Income-tax savings through the charitable deduction for the value of the
gift
- Avoidance of capital-gain tax on contributions of long-term capital-gain
property
- Payments for life for the donor and/or other beneficiaries
- The possibility of increased spendable income
- Elimination of federal estate tax on the value of the interest in
property passing to charity upon the donor's death.
- Reduced costs and time in estate settlements
Some typical forms of Planned Gifts:
Cash Gifts
Most popular type of charitable gift because of simplicity and ease of
delivery
Securities
Receive tax advantages by transferring stocks, bonds and other
securities. As the Donor, you avoid paying capital gains taxes on
securities held for more than one year.
Wills and Bequests
Not only will you leave a lasting contribution, benefit from tax
savings, but you will also have significant impact in ensuring that
low-income Colorado households meet their home energy needs.
Life Insurance
Make EOC the beneficiary of a life insurance policy, you
can create your own planner giving program. When paying your annual
premiums, you will receive a charitable deduction while guaranteeing EOC
a substantial gift in the future.
Life Income Gifts
Gifts such as Charitable Remainder Trusts and Gift Annuities. Provides
for payment to the beneficiary in an amount that may vary or be fixed.
In addition you can receive tax deductions and avoid paying capital
gains taxes.
For more information, please contact Jennifer Gremmert, 303-825-8750
ext. 226 or
email jgremmert@energyoutreach.org
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