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WAYS of GIVING to BENEFIT YOU: the DONOR
Nothing is as simple and direct as giving cash but that is not always the most practical or affordable way for you as a donor. With that in mind, here are a few other suggested ways to give to the Sisters of the Holy Family.
Gifts of Securities
Stocks or other investments that have grown in value and that you have held for more than one year can become a substantial gift made at a low net cost to you. You receive a charitable deduction for the donation of these assets, and it is based on the fair market value on the date of the gift. But there is a bonus; you avoid all federal capital gains tax that would otherwise be due on a sale of the assets.
Or, take a capital loss yourself. If you own securities worth less now than when you purchased them, sell them and contribute the proceeds to Sisters of the Holy Family. Then you can take a capital loss on your tax return, subject to certain limitations, and a charitable deduction for the gift of the proceeds.
Gifts of Real Estate
Your property opens the door to a unique giving opportunity: donate the property to us outright, place it in trust, or retain the use of it for life. All of these methods will enable you to enjoy personal financial benefits while supporting our work in a meaningful way.
If you like the tax advantages that a bit of real estate would offer, but you want to continue living in your personal residence, consider a retained life estate. By deeding your home to Sisters of the Holy Family now, you can still obtain valuable tax savings. Even though Sisters of the Holy Family would not actually take possession of the residence during your lifetime, you receive an immediate income tax charitable deduction because the gift cannot be revoked.
Gifts of Life Insurance
As you review your financial status, remember that a no-longer-needed life insurance policy is a viable gift. Policies that are paid up may be deductible as gifts for their approximate replacement value. Policies that still require premiums to be paid can be given while you continue to pay the premiums, prompting income tax deductions when the Sisters of the Holy Family are named both owner and beneficiary. A new policy on your life, naming Sisters of the Holy Family as beneficiary, guarantees us a future gift as well.
Gifts that Provide Income for Life
Many givers find themselves in a position of holding assets that would make beautiful gifts at some time in the future but are currently required to provide for present needs. By placing such property into a charitable remainder trust, a unique gift arrangement can be made that would provide income for a donor and/or a donor's beneficiary. At the end of a specified period (such as the donor's or the beneficiary's lifetime), the remainder of the trust assets would be given to Sisters of the Holy Family.
Estate Gifts
Caring individuals who want to help the Sisters of the Holy Family in the future can provide a meaningful and lasting commitment through a bequest or trust. With the help of an attorney or financial planner, you can ensure that your wishes will be followed in the future.
What Really Matters
Those of us who support charitable organizations usually do so because we believe in the mission of the organization and want to ensure that their good work can continue influencing the lives of others.
As you contemplate your charitable plans for the future, please feel free to call on us. We can provide you with additional information on the variety of gift options and tax-saving strategies. Together with your tax advisor, we can help you plan and implement a charitable gift to us that takes advantage of available tax benefits and reflects your generous spirit. Our help is given in strict confidence and without obligation.
For detailed information and advice, please consult your attorney, insurance broker and finance manager.
For more information about the Sisters of the Holy Family, Planned Giving Program, contact Linda Micciche, Director of Development, at 510-624-4581, or e-mail at linda.micciche@holyfamilysisters.org.
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