This information reflects, in very general terms, the options available in charitable giving. It is not meant to reflect your current tax situation, or to suggest how a particular instrument or gift will affect your particular case; only your attorney or tax consultant can do that. As always, we strongly suggest that you consult your own professional advisor before considering a charitable donation. Please call us at (239) 489-9147 or (800) 835-1673 if we can be of assistance. You may also send an email to firstname.lastname@example.org.
A gift to Hope from the donor's estate, provides estate tax deduction which may reduce or, in some cases, eliminate estate taxes.
Charitable Remainder Trust
Another life income gift. This approach, created by the Tax Reform Act of 1969, has more structure and flexibility than the gift annuity. Documents are prepared by the donor's attorney. These trusts make payments, either a fixed amount or a percentage of the principal, to designated people for lifetime and then Hope receives the remainder. It provides several tax advantages.
Charitable Lead Trust
Makes payments to Hope Hospice and Community Services. At the end of a specified time period, the principal goes to the family or designated heirs. This is opposite to the Charitable Remainder Trust.
Life Estate Gifts
Donation of property; stipulates that donors may continue to use the property as long as they live. Tax deductions are allowed for gifts of farms or personal residences.
Gifts of Real Estate
Donation of various forms of real estate including: primary residences, vacation homes, farms, undeveloped land and commercial property. If you have owned the property for more than a year, you are entitled to a charitable deduction equal to the full fair market value of the property. Donating property to Hope may allow you to avoid capital gains on any appreciation.
Gifts of Stock
Gifts of stock or other appreciated assets entitles the donor to a tax deduction for the market value of the donated stock. If the stock has been held for more than a year, you may avoid the capital gains tax on any appreciation by donating the stock prior to the sale.
Gifts of Life Insurance
You may name Hope as a beneficiary of your policy or you may make an outright gift to Hope Hospice and purchase a policy to replace the value of the gift.