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InterVarsity offers gift plans that return both tax savings and income payments to our donors. Life-income gifts offer one of the most significant tax benefits that the IRS still provides to individuals: If the donor contributes appreciated property, such as securities or real estate to fund the gift, no upfront capital gains tax is applied to the appreciation in the asset. Therefore, the entire value of the asset is put to work earning higher income for the donor. In addition, the donor receives an income tax deduction based on the full fair market value of the gift, reduced by the present value of his or her retained income interest. After the beneficiaries' deaths, the balance remaining in the life-income gift account is applied to the program at InterVarsity of the donor's choosing. Here is a description of the life-income gifts offered by InterVarsity: Charitable Remainder Unitrusts |
InterVarsity Christian Fellowship/USA® does not offer legal or tax advice for your gift plans, but we do strive to provide helpful educational information and also strive to work carefully with you and your advisors to help you to accomplish your charitable goals. Copyright © 2001, VirtualGiving.com |