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There are many tax benefits in making planned gifts, depending on the type of gift. Your personal financial advisor can ensure that you are receiving all tax benefits available to you.
- Charitable Gift Annuities. A gift annuity combines a future gift with an investment. If you are living on investment income, you may receive a higher return during your lifetime by investing in the annuity program. Your gift is tax deductible.
- Charitable Trusts. Charitable trusts come in many forms—living trusts, remainder trusts, and lead trusts are some examples. By establishing a trust, you can facilitate the management and distribution of your property and other assets and support Loaves & Fishes throughout your life and into the future. Consult your financial advisor of your trust and see what is appropriate.
- Wills. A gift through your will or trust can help feed the hungry in Contra Costa. Consult your financial advisor about including Loaves & Fishes in your estate planning.
- Life Insurance. Designate Loaves & Fishes as the beneficiary of your insurance policy, and you will receive an immediate income tax deduction. Real Estate. Your home or other real estate can be a valuable gift to Loaves & Fishes, which helps you avoid capital gains taxes and provides you with tax savings.
- Stocks. Donating assets, such as stocks, also avoids capital gains taxes and helps feed the hungry. Retirement Accounts. Many retirement plans allow you to name a charity as a beneficiary. By naming Loaves & Fishes as the beneficiary of your retirement account, you can touch the lives of the hungry people in Contra Costa County.
- Personal Property. Gifts do not always need to be in cash. You may donate personal property, such as your vehicle or art.
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