THREE COMMON TYPES OF DEFERRED GIFTS
• Gifts that use appreciated assets as a substitute for cash, such as stocks or annuities.
• Gifts that return income to a donor such as a charitable remainder trust.
• Gifts payable upon the donor’s death, such as an outright bequest included inside a last will and testament.
KEY TYPES OF DEFERRED GIFTS
BEQUEST – donors leave a specific amount of money or a percentage of their estates after taxes and gifts to heirs.
LIFE INSURANCE – the death benefit of a whole life insurance policy has a cash value. Donors can bequeath all of a portion of a fully paid-up policy, either before their last will and testament is finalized, or earlier if they choose.
RETIREMENT PLANS – living donors aged 70 ½ or older can distribute all or a portion of their IRA, 401(k), or other retirement accounts through a direct distribution to CIF. This will generate charitable income deduction up to $100,000 per taxpayer.
TAX BENEFITS OF DEFERRED GIVING