You may consider planned giving if you're interested in furthering KS Wild's mission. You may be able to reduce taxes and possibly increase your income.
If one of your financial objectives is to avoid the tax on capital gains, the best gift might be to contribute appreciated stock or real estate that you have held for at least a year. Other than cash, the simplest and most frequently donated gifts are long-term appreciated asets and readily marketable property.
As an irrevocable provision for future gifts, split-interest charitable remainder trusts provide donors the greatest tax advantages in an immediate tax deduction and avoidance of capital gains tax which can increase your income this year .
You can donate a valuable collection or other tangible objects as well as real estate.
A Living Trust
A revocable intervivos or "living" trust is an important part of the estate plan for many people. Intervivos means "during life," which is when the trust is established. Revocable means that the creator, also known as the grantor, of the trust can change the terms of the trust or revoke it completely during his or her lifetime. Assets in trust are not part of your will; they are transferred according to the instructions in the trust document.
A will serves as a road map telling your personal representative how to distribute your assets to other people or to a charity. Without a will, you are powerless over how your assets are distributed. Instead, the laws of the state where your residence is, the state in which you spend most of your time, register to vote and hold your driver's license, determine how assets are divided.
The information on this page is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.