Gifts That Reduce Your Taxes

When you give stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) You receive an income tax deduction for the full, present, fair market value of the assets and 2) You may completely avoid capital gains tax on the appreciation of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. 

Transfer ownership now:

To make an impact on our mission today, irrevocably designate Trident United Way as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.

If your policy is not yet paid up, you will make contributions of cash to Trident United Way to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.

Name us as a beneficiary:

You can name Trident United Way as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Trident United Way will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

A gift of artwork, coins, antiques or other personal property can be an excellent way to support Trident United Way. The tax benefits of the gift depend on whether Trident United Way can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.