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Gifts of Appreciated Securities
Many people own stocks, which have greatly increased in value since their purchase. By using these stocks for some of your charitable giving, you can conserve cash for other uses and maximize the value of your charitable gifts. You can deduct the fair market value of qualified non-cash property and you pay no capital gains tax on gifts of long-term appreciated property (held for at least a year and a day.) This can dramatically reduce the cost of making a charitable gift or increase the amount you can afford to give. Bequests
One of the simplest ways to make a gift is through your will, by designating a gift or portion of your estate to the Vail Valley Foundation. A bequest can be designated to any of the Foundation’s existing endowment funds, used for establishment of a new endowment fund, or earmarked for immediate programming. Gifts of Life Insurance
A simple way to make a significant future gift is to name The Ida Cason Callaway Foundation as the beneficiary to receive all or a portion of the proceeds of a life insurance policy no longer needed for its original purpose, or to purchase a new policy for the benefit of the Foundation. The tax deduction for this type of gift depends on a number of factors, including how the gift is made and the laws of your state. Charitable Remainder Trusts
A true life income gift, the CRT allows you to transfer assets to the Foundation now, while receiving annual income from the asset during your lifetime (or that of another named beneficiary). A CRT increases your income for life, gives you a charitable deduction now and if you contribute stock, allows you to avoid capital gains on the appreciation. Charitable Gift Annuities
A charitable gift annuity is a contract between you and The Ida Cason Callaway Foundation whereby you transfer cash, securities, or other assets to us and, in exchange, we agree to pay you and/or another beneficiary a guaranteed fixed income for life. The annuity paid to you is based upon the rates established for your age by the American Council on Gift Annuities. A charitable gift annuity is particularly attractive because the rates typically produce higher income than the yields from investments in the stock and bond markets. You receive a current income tax deduction equal to a large portion of your gift, and a portion of the income you receive is non-taxable. If your gift annuity is funded with long-term appreciated property, capital gains tax is avoided on the part of the property that is considered a gift and the rest of the capital gain will be spread over a number of years and figured into the taxable portion of your annuity. Retained Life Estate
When you make a gift of your home or vacation home now, you can retain the security of knowing you may live there as long as you wish and have the satisfaction of making a significant gift, while receiving a current tax deduction. You continue to care for the property, pay the taxes, and even receive any income it generates. Upon your death, the property passes to the Ida Cason Callaway Foundation without passing through your probate estate, thereby saving unnecessary expenses and delays.
Click here to view and print the planned giving form.
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