Planned Giving and Recurring Donations
A planned or legacy gift supports the ongoing mission of Stand With Iraqi Christians (SWIC) while meeting your financial and estate planning needs. These types of gifts do not affect your cash flow and can have an immediate impact on SWIC.
Establishing a planned gift is easy and offers advantages, such as:
- Increasing current income for you or your loved ones
- Reducing or eliminating capital gains costs and estate tax liability
- Enjoying a charitable income tax deduction
Planned gifts consist of:
- Outright gifts that use appreciated assets as a substitute for cash;
- Life-income gifts* that return income or other financial benefits to the donor in return for the contribution;
- Gifts payable from an estate.
- Recurring Gifts
The tax benefits of planned gifts:
- You can contribute appreciated securities, to receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
- When you establish a life-income gift* receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if you fund your gift with appreciated property you pay no upfront capital gains tax on the transfer.
- Gifts payable upon death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction and they are exempt from estate tax. **
- Donations to Stand With Iraqi Christians are tax deductible.
To discuss your interests and options, please contact Pam Faber, SWIC treasurer at email@example.com.
** Information from plannedgiving.com