Gift Guide Chart

“Give to the Most High as He has given to you, generously, according to your means.” -Sirach 35:7-10

The chart below may help you find a way to give generously, but within your means.

Consider donating Other benefits

A gift now

Cash · Take a charitable deduction, if your tax situation allows.

Avoid depleting cash

IRA Qualified Charitable Distribution (QCD) · Exclude a QCD from taxable income.
· Apply the QCD to your Required Minimum Distribution (RMD).
Appreciated securities or real property · Avoid capital gains.
· Take a charitable deduction, if your tax situation allows.
Grain or livestock · Exclude value from income and self-employment tax.
· Take a charitable deduction, if your tax situation allows.
· Deduct production expenses.

A gift now & in the future

Establish a Donor Advised Fund · Use accumulated assets to grow a fund for giving.
· May avoid capital gains tax on appreciated assets.
· Take a charitable deduction, if your tax situation allows.
· Avoid taxes on the fund’s growth.

A gift in the future

Donate a paid-up life insurance policy · Make a gift for little cost.
·Take a charitable deduction, if your tax situation allows.
Make a bequest in a will or trust · Retain control of your assets during your lifetime.
· Reduce potential estate taxes for your heirs.
Name a charitable beneficiary for your retirement plan assets · Reduce income taxes and potential estate tax for heirs.
· Pass other more favorably taxed property to your heirs.

With income now

Charitable gift annuity or charitable remainder trust · Avoid up-front capital gains tax on appreciated assets.
· Take a charitable deduction, if your tax situation allows.
· Receive partially tax-free income.
· May improve the return on your assets.

Please consult with your own attorney and other professional advisors regarding your personal tax and financial situation.

Tax Law and Charitable Gifts

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