Other Ways to Give
The tax laws traditionally have encouraged charitable contributions by allowing income, gift, and estate tax deductions for gifts to qualifying charities. Choosing the right method and timing in making such a contribution can increase tax savings and reduce the net costs of the contribution.
Following is a brief description outlining some of the prevalent charitable contribution methods available to donors. Please consult with your own tax advisor or call the school for specific questions.
Gifts for the Present
The most common gift to charity takes the form of cash, through a check written by the donor.
The threshold for claiming your charitable tax credits is based on your net annual income.
Pledges are gifts to Brownell-Talbot that may be paid over time.
Stocks & Securities
Substantial tax savings can be obtained by making contributions of appreciated securities held for at least one year to a public charity such as Brownell-Talbot.
On occasion, the school may accept personal property as non-monetary gifts. Tangible personal property includes such items as books, artwork, furniture, computers, automobiles, boats, silverware and jewelry. As with gifts of real estate, gifts of personal property should be valued through a professional appraisal.
Gifts of Appreciated Real Estate
An outright gift of real estate to charity is often beneficial to a donor from a tax point of view. A resident, vacation home, farm, acreage, or vacant lot may have so appreciated in value through the years that its sale would mean a sizable capital gains tax. If given to Brownell-Talbot instead, a donor would avoid the capital gains tax and, at the same time, receive a charitable deduction for the full fair market value.
Gifts for the Future
The most common form of deferred gift, a bequest, is a gift made through a will.
Strip or Zero Coupon Bonds
A modest investment today can leverage a substantial gift for a fixed date in the future.
Gifts of life insurance policies may be made in several ways. Check with your insurance advisor.
If you are interested in any of these kinds of gifts and do not have an advisor for legal, accounting, financial planning or insurance questions, please contact Linda Zimmerman at 402-556-3772.
Gifts that Give Back
Make an outright gift and receive guaranteed payments for life. Specific requirements need to be discussed with your financial advisor.
Charitable Remainder Trusts
Make a substantial commitment to Brownell-Talbot while maintaining the use of your assets for the duration of your life. Please check with your financial planner for specific requirements.
Other Types of Deferred Gifts
Charitable Remainder Annuity
Charitable Remainder Unitrust
Charitable Lead Trust
Contribution of Retirement Plan Assets
Please contact Linda Zimmerman in the Development Office to make your contribution or obtain more information.