ASSET DONATION TO FEA & OTHER NPOs
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Over the years, FEA has enjoyed the strong support of key individuals. Their support has been ensuring our ability to provide the best services possible to the entire community. Since FEA is a 501(c)(3) non-profit public charity, many have found that giving can not only support the mission of our organization but also help themselves in their financial planning. The following list is intended to be a helpful guide to the variety of ways to make a gift to FEA. This is not intended as tax advice. Tax laws differ for federal and state purposes, from state to state, and are always subject to change. Each donor’s tax situation is unique. Please consult your own tax advisors to determine the tax consequences in your own case, of any gift you wish to make. RECOMMENDATION: Watch this one first:
• Corporate Matching Gifts Some corporations encourage employees to make charitable contributions by matching their gifts dollar-for-dollar. Sometimes these companies even double or triple your gift. If you are not sure if your company would match your donation, we will be happy to check into it for you. More info • Gifts by Will or Bequest While most people are familiar with a Will, the term "bequest" is not quite as frequently used. A bequest is a gift from your estate, a transfer of cash, securities, or other property made through your estate plans. Bequests large and small will contribute to the good health of FEA over the years. By including FEA in their will, many donors will find they are able to make a much larger gift than they would thought possible. • Gifts of Stock & Appreciated Securities Donors often like to make gifts of appreciated long-term securities as a way of supporting their community and cause(s) they believe in. Check with your advisor to see how making a gift of stock can help you make a lasting impact while bypassing capital gains tax. • Gifts of Closely Held Stock If making a gift of closely held stock, the donor usually avoids capital gains on appreciation of the stock and receives a tax deduction. Often gifts such as this are followed by an offer from the corporation to redeem the stock with its retained earnings. The FEA must approve gifts of closely held stock. More info • Gifts of Real Estate Gifts can consist of almost any type of property: personal or recreational residence, farm or ranch, commercial building, subdivision lots, undeveloped property or a fractional interest in property. Assets may be given outright and serve as the corpus of a trust arrangement or, in the case of a personal residence, given with the right of lifetime tenancy by donor and/or spouse. The benefits to the donor usually include an immediate partial charitable deduction as well as bypassing capital gains tax. • Gifts of Life Insurance Using life insurance to make a major gift is an option for donors who no longer need policies they purchased years ago. You may choose to assign your policies irrevocably to FEA or to one of its programs. • Charitable Remainder Unitrusts and Annuity Trusts (CRUTs & CRATs) Charitable trusts are particularly beneficial if you hold highly appreciated low-yield investments from which you would like to earn a higher return. A tax deduction should be allowed at the time the charitable trust is created. Contact the FEA's Director (email) or your advisors since the size of the deduction depends on the donor’s age, payment percentage, and other factors. More info • Charitable Lead Trusts You can make a gift of the current income by putting property in a simple trust. You would specify the percentage of the total annual value that FEA is to receive. At the end of a designated period, the property is returned to you or to the non-charitable beneficiaries you have named. Such trusts may allow immediate tax advantages or may reduce the gift tax when the assets are passed to children or grandchildren at the expiration of the trust. More info • Personal Property and Other Asset Donation A non-profit such as FEA welcomes donations of any type, such as money, any vehicle, plane, boat, real estate, privately-owned asset, and any other type of assets. We will be happy to discuss with you some strategies based on your current situation, and how a donation from you could best benefit you and our cause, or any other cause you would like to support. More info • Donor-Advised Fund and Fractional Donation A charitable gift to FEA but that may benefit one or several other charities. More... • NEXT STEP Please contact us to discuss options available for the mutual benefits of a potential donation. Find out MORE... Disclaimer: We would like to thank PlannedGiving.com for allowing links to their videos, as stated on their website. Those are temporary, awaiting the completion of our own videos. |
