Gift Plan Highlights

Jun 7, 2017

In addition to supporting our mission, a planned gift to Lakeshore Public Media may offer certain tax advantages. Some gifts even provide an immediate income. Read on to explore the benefits of several popular giving options.

Outright Gift of Cash
Benefit to you: Simple and straightforward... an immediate income tax deduction

  • Reduce income tax
  • Minimize or even avoid estate tax

Outright Gift of Appreciated Securities
Benefit to you: Dual benefits... relief from income and capital gains taxes

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes

Outright Gift of Real Estate
Benefit to you: A significant gift that creates a significant tax deduction

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes

Outright Gift of Retirement Plan Assets
Benefit to you: A popular way to make a testamentary gift

  • Minimize or even avoid estate tax

Outright Gift of Collectibles
Benefit to you: In the right situation, the full value of the collectible can be deducted

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes

Gift in Your Will (Bequest)
Benefit to you: Possible estate tax benefits that build your legacy

  • Minimize or even avoid estate tax

Living Trust
Benefit to you: You name the charitable beneficiary when the trust terminates

  • Minimize or even avoid estate tax

Charitable Remainder Annuity Trust (CRAT)
Benefit to you: Pays a fixed amount every year to beneficiaries and provides a deduction to the donor

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes
  • Provide income

Charitable Remainder Unitrust (CRUT)
Benefit to you: Pays an amount every year to beneficiaries and provides a deduction to the donor

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes
  • Provide income

Charitable Lead Trust
Benefit to you: A CLT makes it possible to give to charity now and transfer wealth to heirs

  • Minimize or even avoid estate tax
  • May or may not avoid capital gains taxes

Remainder Interest in Real Estate
Benefit to you: Creates a deduction while you continue to live in your home

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes

Charitable Gift Annuity
Benefit to you: Provides two benefits... a deductible gift and an annuity

  • Reduce income tax
  • Minimize or even avoid estate tax
  • May or may not avoid capital gains taxes
  • Provide income

Donor Advised Fund
Benefit to you: Lets you set up an account with an outright gift and make grant recommendations

  • Reduce income tax
  • Minimize or even avoid estate tax
  • Avoid capital gains taxes

Gift of Life Insurance
Benefit to you: Opportunity to make a sizeable gift at a lower cost to you.

  • Reduce income tax
  • Minimize or even avoid estate tax

Wealth Replacement
Benefit to you: Give to charity now and benefit heirs by replacing donated assets with life insurance

  • Minimize or even avoid estate tax
  • Replace asset given to charity