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Planned giving is the process of planning
a gift so that both you and the charity
maximize the benefits of that gift. The
federal and state governments have designed
tax laws with incentives to encourage charitable
giving. As a result, planned charitable
gifts during life, or at death, may reduce
or eliminate death taxes. Such gifts may
also provide immediate income tax deductions.
There are many reasons for making a charitable
gift, some of which include...
- A desire to share one's "good
fortune" with others
- Perpetuation of one's beliefs, values,
and ideals
- Support for the camp experience for
future generations
- A desire to "give back" to
camping some of what you received from
your camping profession and/or your camp
experiences
Likewise, there are many benefits to making
a charitable gift, including but not limited
to...
- Income tax deductions
- Delaying or avoiding payment of capital
gains tax (for certain appreciated long-term
capital gains property)
- Retained-income rights over a certain
period or for life
- Elimination of federal estate tax on
gifted property
- Reduction of probate costs
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