There are many different ways that you can further the mission of the St. Bernards Development Foundation. Many provide you with tax and estate planning advantages. Here are a few:
Cash – Nearly every gift can be fully deducted.
Securities – You may deduct the full fair market value of long term appreciated securities and avoid any tax on the capital gain.
Life Insurance – You can make the Foundation the owner of the policy and get an immediate income tax deduction. Or, you can name the Foundation as the beneficiary of your policy. Since this is revocable, it can’t be counted for any immediate tax savings, but at your death, your executor may take a federal estate tax charitable deduction for the entire amount.
Real Estate – If the property has appreciated in value and is given outright, you avoid any tax on the capital gain, reduce your taxable estate by the value of the donation and receive a charitable contribution deduction for 100 percent of the fair market value of the property.
Agricultural Crops – Similar to other assets you own, donating crops offers tax advantages to the donor and the Foundation.
Residence – You may donate your personal residence while you and/or your spouse lives there for life, or for a set number of years. Either way, you receive an immediate income tax deduction for the contribution. Charitable deductions are also available if the life interest is given to one or two individuals and the remainder interest is given to the Foundation.
Life Income – Transfer property—such as cash, securities or real estate—to the management of a trustee and establish a life income arrangement. After the lifetimes of the beneficiaries, the foundation receives the assets in the trust. These can help you avoid capital gains, reduce estate taxes and provide you an income for life.
Trust-Wealth Transfers – A lead trust may be funded with property, such as cash, securities or real estate. The terms of the trust will provide specific payments to the foundation for a number of years, after which the property passes to your relative or friend. You gain sizable estate and gift tax advantages.
Corporate Matching Gifts – Many companies encourage charitable gifts among their employees by matching an employee’s gift with a corporate contribution. Donors interested in this opportunity should obtain the necessary matching gift forms from their employer.
A Bequest – One of the easiest and most common ways to donate is to bequeath an outright gift of money, securities or other property. There are several different types with various contingencies. Your taxable estate is reduced by a 100 percent deduction for the amount of a cash bequest or the fair market value of appreciated assets.
For additional information, contact:
We recommend you check with your attorney or tax specialist for the specific advantages of these different types of gifts.
Thank you! Your gift supports excellence in healthcare and saves lives.
SINGLE GIFT - Make a gift to St. Bernards Foundation.
MEMORIAL GIFT - Make a gift in memory of a loved one.
HONOR GIFT - Pay tribute to a loved one or friend
Your Gift Could Double – If you work for a company that has a matching gifts program, please send in the form provided by your company that allows your gift to go twice as far!
Need more information?
By Phone: (870) 207-2500, 8:00 a.m. – 5:00 p.m. Central Time
By Fax: (870) 207-0522
By Mail: St. Bernards Development Foundation, Inc.
400 East Street
Jonesboro, AR 72401
By e-mail: email@example.com (Do not send credit card infomation by e-mail as it is not secure – for secure online payments use our secure online donation system.)
Gifts Made Now From Your IRA
Congress recently extended the IRA Charitable Rollover for 2013 which allows you to make tax-free distributions from your IRA to the St. Bernards Development Foundation. If you are age 70 1/2 or older, you may make charitable gifts, up to $100,000 directly to charity until December 31, 2013. Charitable gifts from your IRA qualify for your IRA required minimum distribution and are not taxable to you.
Now is an ideal time for you to consider the following gift options:
- St. Bernards Annual Campaign (2013 and beyond)
- St. Bernards Annual Campaign Endowments
- Designated gifts today (i.e. Senior Services, Women & Children, Heart Care, Hospice, Hospice House, St. Bernards Villa Memory Care, etc.)
- Designated gift Endowments
Many other needs exist so contact us to discuss needs, giving opportunities, estate planning and more.Qualified distributions from your IRA may not be made to a donor-advised fund, supporting foundation or private foundation.
If you make a 2013 distribution from your IRA to a qualified charity, you will save income taxes on distributions made directly to a qualified charity, such as St. Bernards. The distribution will count toward your minimum distribution requirement but you will not receive a charitable deduction for the amount distributed. Additionally, making that gift from your IRA during your lifetime has the added benefit of removing that asset from your estate, possibly saving estate taxes.
To arrange for a distribution, contact your plan administrator and let them know that you would like to make a qualified charitable gift from your IRA to St. Bernards Development Foundation.
Gifts From Your IRA Later
It is easy to leave your legacy to St. Bernards with your IRA. The simplest way to gift your IRA upon your death is with a beneficiary designation form. Contact your IRA plan administrator for a beneficiary designation form and let them know you would like to name the St. Bernards Development Foundation, Inc. as a primary beneficiary.
Tax Implications For IRA Gifts After Your Death
If you choose to make a charitable distribution upon your death from your IRA, you will be saving both income and estate taxes. Currently, retirement plan assets are subject to income and estate taxes upon death. This means that if your estate is greater than the estate tax exemption amount, currently $5 million, up to 70% of your IRA or other retirement plan assets may go to the IRS upon your death. Therefore, only a small portion of your IRA funds will pass to your heirs.
This is for information purposes only and is not meant to be a substitute for legal or financial advice. Please consult your professional adviser regarding your individual situation