- JNF Jewels
- Legacy and Planned Giving
- Other Ways to Give
- General Donation
- Gifts in Memory
- Gifts in Honor
Legacy and Planned Giving
Non-cash gifts, also called “asset-based giving” simply means making a gift with something of value which the Internal Revenue Service (IRS) does not consider cash. Securities-based gifts, such as stocks and mutual funds, fit into the non-cash category, as do cars, boats, antiques, jewelry, real estate, even stock in a privately-held company. It’s anything of value that could be converted to cash.
Non-cash gifts provide several significant tax benefits including:
- Donors might be able to receive full fair market value for their tax receipts. This is a big deal because regardless of how much you paid for the stock, the tax receipt is based on the worth of the stock as of the transaction date. This is especially important during bull markets like today.
- One of the hardest things to manage is the tax on the sale of securities. Capital gains tax liability usually occurs when the asset is sold, so avoiding the actual sale has great benefits. By gifting the securities, the sale never happens under the donor’s taxpayer ID, usually resulting in zero tax liability for the transaction. What would have been a tax hit might now have become a tax break.
- In general, the IRS sets limits on how much donors can give. For general cash contributions, the limitation is 50 percent of a person’s adjusted gross income. However, for contributions of capital gain property, the limit is 30 percent.
Giving a non cash gift is an easy and efficient way to support our mission, plus receive the above benefits. Your support – in every way – is crucial to the importance of supporting patients, families, research and awareness of brain aneurysms, AVMs and hemorrhagic strokes.
Bequest by Will
A legacy of giving
Including a charitable bequest in your will is a simple way to make a lasting gift to The Joe Niekro Foundation™. You can leave a bequest to The Joe Niekro Foundation™ by adding to an existing will or drafting a new one. Make a gift of a stated dollar amount, specific property, a percentage of your estate, or the remainder after distributions to other beneficiaries. In doing so you leave a legacy to The Joe Niekro Foundation™, yet preserve and enjoy assets you might need during your lifetime. Plus, the assets distributed to The Joe Niekro Foundation™ are exempt from estate tax.
For more information about how your charitable bequest can benefit The Joe Niekro Foundation™, please contact Melissa Chalmers, at 972.904.9197 or firstname.lastname@example.org.
A simple way to give a significant gift
Giving through life insurance is one of the simplest ways to make a significant contribution to The Joe Niekro Foundation™ and establish your legacy of giving. There are two approaches: You can designate The Joe Niekro Foundation™as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy. Or you can transfer to The Joe Niekro Foundation™ ownership of the policy – either paid in full or for which you continue making premium payments. The transfer of the policy is a present gift for which a charitable tax deduction may be taken, and your continued payment of premiums is each considered charitable contributions, deductible to the full extent of the law.
For more information about how the gift of a life insurance policy can benefit The Joe Niekro Foundation™, please contact Melissa Chalmers, at 972.904.9197 or email@example.com.
Gifts of Real Estate
An unmatched opportunity to make an impact
You can turn the value of real estate into community good and receive financial and tax benefits with a gift to The Joe Niekro Foundation™ of real estate. A rental house, vacation home or unimproved land can be gifted to The Joe Niekro Foundation™ for sale. You avoid capital gains tax and the proceeds from the sale of the property will be used to support our work. A gift of only the ‘remainder interest’ in your personal residence to The Joe Niekro Foundation™ while you and your family continue to live in and fully enjoy your home as long as you like can also produce a charitable deduction. This is a retained life estate and works just as well with a farm or vacation home as with your principal residence.
For more information about how your gift of real estate can benefit The Joe Niekro Foundation™, please contact Melissa Chalmers, at 972.904.9197 or firstname.lastname@example.org.
We recommend that you consult with your tax advisor or planning professional.
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