A planned gift or annuity can provide substantial tax advantages, especially on stocks and real estate gifts. The benefits may include:
- Income tax deductions
- Reduced capital gains taxes
- Reduced probate costs and estate taxes
- Income for life
The Internal Revenue Service (IRS) provides incentives to aid you and your advisor in crafting a charitable investment plan that fits your needs. The increased standard deduction in the tax law that became effective in 2018 offers an immediate income tax charitable deduction resulting from a planned gift which may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and TMF to all benefit.
If you would like to speak with a member of our planned giving team, please contact:
Sally Richard
Administrative Assistant
512-583-1940