| Your Plan |
What is it? |
How does it work? |
What are its benefits? |
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| Gifts of Appreciated Securities |
A contribution of long-term appreciated stock or other securities |
Transfer securities to VSO
VSO sells and uses proceeds |
Receive
gift credit and immediate income tax deduction for the fair market
value on the date of transfer, no matter what you originally paid for
them
Pay no capital gains tax on the securities
Direct your gift to a specific fund or purpose
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| Gifts of Real Estate |
A donation of property either immediately or with the right to use it during your lifetime |
Obtain philanthropy title report and appraisal
VSO advisors inspect the property
Donate the deed to the property to the VSO |
Receive a charitable income tax deduction based on appraised value for long-term assets
Apply deduction towards your adjusted gross income and carry it forward
No real estate taxes or capital gain taxes on appreciation
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| Gifts of Business Interests |
A donation of stock from a closely-held or family business |
Transfer stock to VSO name
Company repurchases stock
VSO receives cash from purchase |
Receive gift credit and immediate income tax deduction for appraised value of shares
No capital gains tax on appreciation
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| Gifts of Personal Property |
A donation of personal property to VSO |
Donate property to VSO
VSO will keep or sell |
Receive gift credit and immediate income tax deduction for appraised value of gift
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| Gifts by Will |
A deferment of a gift until after lifetime by naming the VSO in your will |
Include a bequest provision in your will or revocable trust
Will directs assets to heirs
Heirs direct a bequest to VSO |
Assets remain in your control during your lifetime
Modify your bequest if circumstances change
Donation is exempt from federal estate tax
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| Gifts by Living Trust |
A revocable gift made during your lifetime through a trust |
Name VSO the beneficiary of assets in a living trust |
Maintain control of the trust during your lifetime
Donation exempt from federal estate tax
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| Gifts of Retirement Plans |
A donation made by naming VSO the beneficiary of the remainder of assets after your lifetime |
Name the VSO the beneficiary of your IRA, 401(k) or other qualified plan
Residuary left on the plan after your death passes to the VSO |
Escape income and estate tax
Continue to take withdrawals during your lifetime
Ability to change beneficiary if circumstances change
Option to leave retirement plan assets to VSO through will or trust instead
Gift from most highly taxed assets, leaving more for heirs.
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| Gifts of Life Insurance |
A donation of a life insurance policy to the VSO |
Transfer ownership of a paid-up life insurance policy
VSO cashes it now or receives the death benefit later |
Receive gift credit and immediate income tax deduction for the cash surrender of the policy
Possible future deductions through gifts to pay policy premiums
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| Charitable Gift Annuities |
A contract that pays a set amount for one or two lives |
Transfer securities to VSO
VSO pays fixed payments for life
Principal passes to VSO when the contract ends |
Immediate income tax deduction for portion of gift
Annuity payments guaranteed for life
Annuity payment may be treated as part ordinary income, part capital gain income, and part tax-free income
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| Charitable Lead Trusts |
A trust that pays a fixed or variable income to the VSO for a specific number of years |
Contribute cash, securities or other property to a trust
Trust makes fixed payment to VSO for a number of years
Trust ends, remaining principal goes to heirs
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Gift tax deduction for the present value of the annuity payments
Annuity payments and terms can be specified to reduce transfer taxes
Appreciation goes tax-free to heirs |
| Charitable Remainder Annuity Trust |
A combination of a charitable gift with a fixed-income payout by placing donation into individually managed trust |
Transfer cash, securities or other property into a trust
Trust makes fixed annual payments to you or beneficiary
Trust ends, the principal passes to the VSO |
Immediate income tax deduction for a portion of contribution to the trust
Pay no immediate capital gains tax on any appreciated assets you donate
Portion of capital gains tax spread over life expectancy
You or beneficiary receive stable income for life
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| Charitable Remainder Unitrusts |
A trust that supplements retirement income by paying a fixed percentage of trust’s assets as revalued annually |
Transfer cash, securities or other property into a trust
Trust pays percentage of market value (re-valued annually) to you or beneficiaries
Trust ends, principal passes to VSO |
Immediate income tax deduction for a portion of contributions to trust
No capital gains tax on appreciated assets you donate
Receive income for life |
| Gift of Retained Life Estates |
Donate your house to the VSO but continue living there |
Transfer your residence to VSO subject to a life estate
Continue to live in the property, responsible for taxes and upkeep
Property passes to VSO when life estate ends |
Receive gift credit and immediate income tax deduction for a portion of appraised value of property
Terminate life estate at any time and take an additional income tax deduction
Lifetime use of residence
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