You may consider planned giving if you’re interested in furthering Rogue Valley Mentoring’s mission. You may be able to reduce taxes and possibly increase your income.
If one of your financial objectives is to avoid the tax on capital gains, the best gift might be to contribute appreciated stock or real estate that you have held for at least a year. Other than cash, the simplest and most frequently donated gifts are long-term appreciated assets and readily marketable property.
As an irrevocable provision for future gifts, split-interest charitable remainder trusts provide donors the greatest tax advantages in an immediate tax deduction and avoidance of capital gains tax which can increase your income this year.
You can donate a valuable collection or other tangible objects as well as real estate.
BEQUESTS, OR GIFTS THROUGH ONE’S WILL
These are are the most common way for a donor to leave a planned gift. Nearly 90% of planned gifts are bequests. It’s a straightforward process that allows the donor to maintain own assets all of their life while offering extreme flexibility. It is best to consult with an attorney while considering a bequest, but leaving Rogue Valley Mentoring in one’s will may be as simple as copying text and inserting it into your will & testament.
LIFE INSURANCE, IRAS, 401K
Leave Rogue Valley Mentoring as a beneficiary of your life insurance policy or retirement ‘vehicle.’ Tax savings for these ‘vehicles’ vary, so consult your financial advisor to learn what suits your situation.
If you’d like to donate a house or piece of real property to Rogue Valley Mentoring, we would kindly accept it. We evaluate donations of property based on their relevance to Rogue Valley Mentoring’s mission, so any desire to have long-term maintenance or upkeep may be a determining factor.
A charitable donation of securities, such as stocks, bonds or mutual funds, is a tax-efficient way to make a contribution to a non-profit. Advantages of giving this way include:
1) A tax deduction for full fair market value of any securities with unrealized gains – up to 30% of the donor’s adjusted gross income, and
2) Securities that are donated rather than sold do not have capital gains taxes applied to them.
*The information on this page is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.
Questions? Executive Director Sarah Kreisman looks forward to hearing from you. 541-324-6263, firstname.lastname@example.org