Why is a planned gift good for both you, the donor, and Nazareth?
FOUR TYPES OF PLANNED GIFTS:
If you sell stock that has appreciated in values, you will pay capital gain taxes. However, if you donate it to Nazareth, you will receive a charitable income tax deduction equal to the fair market values of stock.
Charitable bequests are gifts you can make to Nazareth in your will or revocable trust. You may designate a specific dollar amount, a percentage of your estate or specific assets, such as stock, securities or real estate. In addition, you can designate the purpose for which Nazareth uses the funds.
Charitable Remainder Trust
Your unitrust pays a fixed percentage of its value, determined each year, to you or others you name for life or a term of years. The remaining amount can be distributed to Nazareth as your named charity.
Individuals ages 70 and older may donate up to $100,000 per year to Nazareth directly from their IRA.