of Charitable Giving
above: Jim Gustafson (standing) reviews Gifts in Wills with (l
to r) Carol Bull, Donna Jorgensen, Jody Heuermann & Earl Brandes.
Nebraska Community Foundation planned gift specialist, provided
an entertaining and informational activity for local citizens
at the Venter Center on Thursday, November 18th. Jim distributed
mock assets such as CDs, Savings Bonds, Life Insurance, Retirement
Plans, Appreciated Stocks and Wills. Throughout the activity,
Jim collected these gifts for charity and explained tax savings
and tax avoidances that could be achieved while fulfilling charitable
intent. Jim demonstrated examples of tax avoidance and potential
of Stocks achieve a tax deduction at their current
value and by-pass capital gains taxes. Tax savings from gifts
of stocks can be substantially more than gifts of cash.
Gift Annuities can provide a future gift to charity
while providing high fixed income payments, tax-free return
of the principal while removing taxable assets from the estate.
Remainder Trusts provide future gifts to charity and
by-pass capital gains taxes while increasing income and providing
a current income tax deduction while removing taxable assets
from the estate.
in Wills provide a future gift to charity while retaining
control of ones assets during their lifetime and removing taxable
assets from the estate. Wills can provide general or percentage
distributions, specific property or deferred distributions.
of Deposit can provide a future gift to charity while
retaining control during ones lifetime and removing from the
Savings Bonds can be gifted in the future to charity
while maintaining control during ones lifetime. Double Taxation
can be avoided as they are taxed upon cashing in and in ones
Policies can provide a future gift to charity while
retaining control during ones lifetime. Double taxation can
Insurance can provide a current or deferred gift and
potentially receive a current income tax deduction. Policies
can provide a larger gift than otherwise possible.
Plans can provide future gifts to charity while regaining
control during ones lifetime while avoiding double taxation
and removing from ones estate.
was sponsored by Merrick Foundation. If you have questions regarding
any of these instruments of charitable giving, contact your professional
advisor on Chuck Griffith at Merrick Foundation (308) 946-3707
or firstname.lastname@example.org .