Different giving vehicles offer a variety of advantages, including gift, income, estate and capital gains tax benefits and ease of transfer, which can maximize the benefits to your family and IBH.
- Cash / Check
- Tribute Gifts: These gifts are a thoughtful choice for remembering or celebrating a special person or occasion. The person or family in whose name the memorial or honor gift is made is informed immediately by IBH Development staff.
- Matching Gifts: Employers often match charitable gifts. Please contact your human resources office for more information and instructions.
- Gifts of Securities: Stocks, Bonds, Mutual Funds: Significant financial advantages may be provided by deducting the full fair-market value of these securities from your income tax (up to the limits set by federal law). In most cases, capital gains taxes can be avoided when appreciated securities are gifted.
- Real Estate: Real Estate can be gifted to IBH and an income tax deduction of the appraised value can be taken by the donor. There is no tax on the gain of the asset.
- Tangible Property (art, jewelry)
- Business and/or Partnership Interests
Deferred or Life-Income Gifts: Giving to get income
Donating a highly appreciated asset may allow you to receive income during your lifetime.
Charitable Gift Annuity
This annuity allows you to make a gift and receive annual income for life. It also provides the donor with charitable tax deductions and can reduce capital gains taxes if appreciated stock is donated. IBH receives the use and benefit of the gifted asset upon the donor’s death.
Testamentary Gifts: Gifts that occur after your lifetime
Bequests: A bequest is 100 percent tax deductible from the total value of the donor’s estate and becomes a unique opportunity to create a lasting memorial.
- General Bequests are left from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to IBH.
- Specific Bequests are made when a particular item or property is bequeathed for a designated purpose
- Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied
- Contingency Bequests allow you to leave a portion of your estate to IBH if your named beneficiary does not survive you
An example of language you can use to leave a bequest in your will is, “I give and bequeath to Interval Brotherhood Homes, Inc. (the sum of $__________ of ____%) to support its exempt purposes (or insert the name of a program or project).”
Retirement Plan Assets: As with a life insurance gift, naming IBH as a beneficiary designation can offer you significant value. Due to estate and income taxes, family members usually only receive 25-30 percent of an IRA or retirement plan. Much of this tax can be avoided if the assets are instead used to fund a bequest to IBH.
The IBH Development staff can assist you, or work with your advisor, to personalize a plan most beneficial to you and your family. Please contact Geri Douglas Marshall, IBH Director of Development, at (330)344-4095, x306.