| Direct Gifts
of Cash –
Gifts of Property – Depending
upon the type of property donated, when it is donated, and how it
will be used, you may realize significant tax deductions. Gifts
of appreciated property allow you to avoid gains tax payable if
you sold the property. You will receive a deduction for the full
values in most cases.
United Way Fund – Donations
to the Foundation may be given through the United Way.
Bequest by Will – Donations
made through a will can materially reduce estate taxes. All charitable
bequests are deductible in full since the estate tax charitable
deduction is unlimited. Your attorney can help you designate any
portion of your estate to the Peninsula School Education Foundation
by will or trust.
Charitable Trusts – A variety
of trusts can be set up to meet your specific needs. Charitable
Remainder Trusts can provide income to you and your survivors for
life, a current income tax deduction, and avoidance of capital gains
taxes, estate tax benefits, and a charitable gift.
IRAs and Retirement Plans –
It may be simple to name a charitable beneficiary for all or part
of the funds in a retirement plan or an IRA. Estate and income taxes
can be as high as 80% without effective planning. |