Give the Gift of Life

​Gifts of appreciated real estate are like gifts of appreciated stock. Assuming you have owned the property for more than one year, you may deduct as a charitable contribution the fair market value of real estate while avoiding all capital gains.

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Gifts of appreciated securities or stock can be one of the most advantageous ways of giving. If your gift of stock is one you have owned for more than one year, you may able to deduct the full fair market value of the stock as a charitable contribution, while bypassing all capital gains taxes. 

Life insurance is a unique way to give to charity. To qualify, the charity needs to become the owner and beneficiary. No incidents of ownership should be retained. If the policy is paid up, your charitable contribution is generally the replacement value or cost basis of the policy, whichever is less. Ongoing premiums paid on a gifted life insurance policy also qualify for charitable deductions.

The following trusts are types of annuity trusts but somewhat more difficult to establish and an individual needs outside help with the planning:

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• Charitable Remainder Trust

• Charitable Remainder Unitrust

• Charitable Remainder Annuity Trust

• Charitable Remainder Annuity Trust