Your act of generosity, our longevity.
With gift planning, you can provide long-lasting support for our organization while enjoying financial benefits for yourself.
Capital Gains Tax Bypassed
Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio. While their investments increased substantially in value, their potential capital gains tax bill was rising. Now with retirement on the horizon, they were looking for a way to sell their highly appreciated stock, generate income for their future and avoid paying high capital gains taxes.
For many years we had supported Boys Home, our favorite charity. The
Development Department sent us an e-mail that explained how we could make a
gift of appreciated stock to Boys Home while bypassing potential capital
gains taxes. I was thrilled to learn that after we transferred our
portfolio to a charitable remainder trust, the trust would sell the stock
Gail: I liked the fact that the trust would provide us with income for our retirement years. If something happened to Peter, I would still be taken care of for the remainder of my life.
Peter and Gail decided to make a gift of their appreciated stock to establish a charitable remainder unitrust. They were thrilled at the prospect of creating future income while bypassing capital gains tax and establishing an endowment gift of scholarships to Boys Home
Peter: When I heard that in addition to the other benefits, we would receive a charitable deduction for our gift, it was just icing on the cake! I wonder why everyone nearing retirement doesn't set up a charitable trust.*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization.