Gift planning can maximize your support for Cedar Valley Friends of the Family while achieving your personal giving goals. Here are some ways to give to Cedar Valley Friends of the Family:
Outright Gift of Cash or Appreciated Securities:
These gifts assure maximum benefit to Cedar Valley Friends of the Family and minimum immediate income tax deduction for you based on current fair market value.
A Two- to Five-Year Pledge of Cash or Appreciated Securities:
These gifts allow you to maximize your commitment to Cedar Valley Friends of the Family by spreading your gift over several years.
Outright Gift of Real Estate:
Give land or home to help survivors of domestic violence and homelessness.
Charitable Bequest in a Will or Trust:
These gifts allow you to leave a legacy and have an effect on the community for generations to come. If you have questions about deferred gifts and Cedar Valley Friends of the Family please give us a call at 319-352-1108.
Gift of Life Insurance:
You may convert existing or new policies into a charitable gift.
Charitable IRA Rollover for Donors Age 70 ½ or Older:
Legislation extends opportunities for traditional or Roth IRA owners age 70 ½ or older to make direct, tax-free transfers to Cedar Valley Friends of the Family up to $100,000. To make a charitable gift from an IRA, donors should contact their IRA trustee or custodian and notify our office of your plans so we may ensure proper transfer and receipt of your gift.
Gifts to Cedar Valley Friends of the Family are considered charitable donations by IRS 501C3 standards.
What are the tax benefits of planned gifts?
- Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
- Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
- Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.