Gifts of Cash
Cash gifts are the most common form of giving and are as easy as writing a
check. Every dollar you give outright is eligible for the charitable income-tax
deduction.
Gifts of Appreciated
Securities
If you have marketable securities that have grown in value, you can make a
significant gift at a low after-tax cost, including the avoidance of capital
gain tax.
Gifts of Closely-Held Stock
If you own a closely-held corporation it is possible to receive substantial
benefits by making a gift of your stock.
Gifts of Real Estate
The benefits available for gifts of appreciated real property such as undeveloped
land, farms, or personal residences are almost identical to those for gifts
of appreciated securities.
Gifts of Personal Property
and Other Assets
You may have "hidden" assets such as antiques, paintings, and other
"collectibles" that can make a great gift. In many cases, the same
benefits apply to these gifts as apply to securities and real estate.
Gifts of Life Insurance
Life insurance policies that are no longer needed can be valuable assets for
giving. You can name M&G the beneficiary or transfer actual ownership
of the policy to us and continue to pay the premiums. By so doing, you can
gain an immediate tax savings and be entitled to additional tax deductions
for the premiums you pay in future years.
Gifts Through a Charitable
Lead Trust
It is possible to contribute merely the income from securities or other property
temporarily and receive income tax or gift and estate tax benefits. While
the trust is in force, the trust income is used to fund your gift. At the
termination of the trust, the property either comes back to you or goes to
a family member or other beneficiary.
Gifts by Trust Beneficiaries
If you are the beneficiary of a trust, you can transfer your income interest
to M&G and receive an income tax deduction. You can transfer your
entire life income interest or a fraction (one-half, one-tenth) of your income
interest.
It is our desire to help you determine which of these methods may be best for you and your family. We welcome the opportunity to provide you with additional information about any of these methods and to discuss with you how you might consider making your gift. Please call us at 1-888-870-8161.
The information provided here is not legal tax advice. Please consult with your professional advisors about estate planning strategies applicable for your specific situation.
