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onsidering
the tax benefits of a charitable gift is essential. Donors are allowed
to take an immediate tax deduction for all contributions to the
Trust, even if those funds are not immediately distributed to eligible
charities. The deduction limit varies and is based on the type of
asset contributed and the adjusted gross income of the donor. Because
the Trust is a public charity, you may be able to take a larger
tax deduction than you would with a contribution to a private foundation.
For individuals who own appreciated securities, capital gains taxes
can be avoided by gifting those securities to the Trust. The tax
benefits can even extend beyond the life of the person who established
the gift fund. Assets contributed during the lifetime of a donor
are not part of the donors estate and consequently are not
subject to death taxes. Assets left after your death can either
be distributed immediately to charitable organizations or remain
invested and be distributed by a successor advisor whom you have
designated.
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