Tax Advantage Giving
Your Legacy to Others Starts with Planned Giving
You can restore lives and end homelessness here in the Greater Raleigh area, while also benefitting from tax advantages that can help you reach your estate planning goals. Due to special tax considerations and the possible impact on our operations, check with us first before giving property valued at $500 or more. You can contact our Interim Director of Development, Brace Boone III, at BraceB@raleighrescue.org.
Here are a few options to consider:
Bequest Through Your Will – You can specify a dollar amount, a percentage of your estate, or a specified property. Consider leaving a legacy of faith by downloading and adding this Christian Preamble (137.29 KB) to your will.
Life Insurance – When you make the Mission a beneficiary of part or all of your life insurance policy, you can receive a tax deduction for the value of the gift, reducing your income tax liability the year of the gift.
Retirement Account – You can receive estate tax savings when you designate Raleigh Rescue Mission as a beneficiary of part or all of your 401k, IRA or other retirement account.
Appreciated Stock, Bonds or Mutual Funds – Avoid capital gains taxes and receive a tax deduction for up to 30% of your contribution base. Mutual funds, as well as state, municipal and U.S. government bonds, are similar to appreciated stock in their tax treatment.
Life Estate in Home – You can reap estate tax advantages when you gift your house or farm. You may be able to stay in your home if you wish.
Charitable Remainder Trust – Select the rate of return from these income arrangements and choose a fixed or fluctuating annual payment. Capital gains taxes can be avoided and you’ll receive a deduction based on the age of the income recipient and the rate of return.
Charitable Lead Trust – Transfer your assets (cash or securities) to a trust that will pay income to Raleigh Rescue Mission for a specified amount of time. At the time period’s end, the trust terminates and the assets are given to whomever you name. Your income tax deduction will be based annually on payments made to the charity.
Have you already remembered Raleigh Rescue Mission with a legacy gift? Please let us know so we can say thank you!
Please check with your attorney or financial planner before making planned gifts to Raleigh Rescue Mission.