Gifts That May Reduce Your Taxes
There are a variety of gifts to the Civil War Trust that may help reduce income taxes, estate taxes and capital gains taxes.
Charitable Lead Trust: You can benefit from tax savings that result from supporting battlefield preservation through a charitable lead trust.
There are two ways charitable lead trusts make payments:
- Charitable lead annuity trust pays a fixed amount each year to the Civil War Trust and is more attractive when interest rates are low.
- Charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to the Civil War Trust go up as well.
Retirement Plan Gift: Retirement assets are among the most heavily taxed, making them an ideal resource for charitable giving once you no longer need the assets yourself. As a tax-exempt nonprofit organization, the Civil War Trust is exempt from paying the taxes that might otherwise be owed. Consider making the Civil War Trust a beneficiary of your retirement assets and leaving other less-heavily taxed assets to loved ones.
Life Insurance Gift: Life insurance is an affordable way to leave a gift to the Civil War Trust while also enjoying tax savings during your lifetime. Benefits include:
- A significant gift from disposable income at a fraction of the value.
- Tax savings can be immediately realized.
- Your donation could reduce final taxes of your estate.
- Insurance gifts transfer outside the estate.
CDs, Bank and Brokerage Accounts: One of the easiest ways you can help preserve our national battlefields is by making the Civil War Trust the beneficiary of a certificate of deposit, a checking or savings bank account, or brokerage account. Simply request a Pay on Death (POD) or Transfer on Death (TOD) designation form from your financial institution.
Contact Alice Mullis at 202-367-1861 x7219 or email@example.com for additional information about different giving options.