|
Methods of
Giving To The
TAF
Education Fund
Monthly
Giving: If you are a law
firm, or have been a successful whistleblower,
please consider making a monthly contribution to
the TAF Education Fund to support our work. Law
firms that would like to support our efforts may
be able to write off their donation as a
business-expense. For individuals, the TAF-Education Fund is
a tax-deductible 501(c)(3) nonprofit
organization. To make a monthly contibution to
the TAF Education Fund through your credit card, please click here.
Gifts of
Appreciated Stock: Gifts of stock can be
advantageous to donors who purchased stock some
years ago. For outright gifts of stock and other
appreciated long-term securities, the
donors deduction is equal to the fair
market value of the securities on the date the
donor relinquishes control of the assets to TAF
Education Fund. A major advantage of giving
appreciated securities is that the donor does not
have to realize the capital gain and therefore
avoids capital gains tax.
Charitable
Remainder Trusts: Charitable Remainder
Trusts are particularly beneficial for those who
hold highly appreciated low-yield investments
from which a higher return is desired. The donor
can donate an asset to TAF Education Fund, but
retain the income generated from the donated
asset for his/her lifetime, and can take a
current tax deduction for a portion of the asset,
and eliminate the capital gains tax.
Charitable
Lead Trusts: In contrast to the
Charitable Remainder Trust, the Charitable Lead
Trust is created when a donor places an
income-producing asset in a trust assigning TAF
Education Fund as the recipient of the
trusts income for a predetermined period of
time. Once that moment has been reached, the
income returns to the donor. At all times, the
donor retains legal ownership of the asset.
Gifts by
Will: Bequests large and small have
contributed to the good health of many charities
over the years, and TAF Education Fund is a
willing designee. Bequests qualify for unlimited
charitable deduction, which reduces one's estate
taxes and preserves more of the donor's assets
for family and other intended beneficiaries.
Gifts of
Life Insurance: Using life insurance to
make a major gift is an option for donors who no
longer need policies purchased some years ago.
Donors may choose to assign their policies
irrevocably to TAF Education Fund. Here they
would realize an immediate tax deduction in the
amount of the policy's current value. The
proceeds would not be subject to estate taxes and
the premiums would be deductible for income tax
purposes in the years thereafter in which they
are paid.
Gifts of
Real Estate: Gifts can consist of almost
any type of property: personal or recreational
residence, farm or ranch, commercial building,
subdivision lots, underdeveloped property or a
fractional interest in property. Assets may be
given outright, or serve as the corpus of a trust
arrangement. Immediate partial charitable
deduction is available to the donor.
In all
cases, donors are advised to consult with their
tax advisor to determine specific tax savings
and/or the planned giving opportunity which best
fits their particular need.
|