Outright
Cash, Securities, Real Estate, Life Insurance and Tangible Personal
Property can all be used to make a
charitable contribution in support of Pawcatuck Neighborhood Center. Depending on the asset given, a donor can
generally expect to obtain many benefits from giving a gift such as fulfilling
philanthropic goals, reducing income tax through a charitable deduction, and in
some instances avoiding capital gains.
Planned Gifts
Planned
giving refers to the process of making a charitable gift of assets to one or
more nonprofit organizations that requires thoughtful planning in light of the
donor’s philanthropic goals as well as their overall financial and estate
saving plan.
Appreciated
Securities are popular charitable gift alternatives to cash.
In addition to receiving an income-tax
charitable deduction, the donor escapes potential tax on the capital gain
element in the gifted securities.
Who Should Consider a Planned Gift?
Any friend of Pawcatuck Neighborhood Center who wants
to: protect their assets; possibly
receive income while making a tax advantageous gift; and support Pawcatuck
Neighborhood Center’s Programs.
Benefits
Ø
Experience
the power of giving: Your gift will
have a significant impact on the
future of your community.
Ø
Reduce
income tax through a charitable income tax deduction for the gift
Ø
Avoid
capital gains tax on a gift of appreciated property
Ø
Depending
on the type of gift, retain income for life for yourself or a beneficiary
Ø
Eliminate
federal estate tax on property passing to PNC at death
Ø
Recognition
for your support in the annual Donor Report and as a member of the
Neighbors
Society.
Types of Planned Gifts
Ø
Wills
and Living Trusts—the most basic planned gift with great impact
Ø
Charitable
Gift Annuity—a simple way to give while retaining income for life
Ø
Charitable
Trusts—protect your assets, provide for your heirs and for your favorite
cause
Ø
Insurance—a
widely used financial planning tool for gift planning