GIFTS IN WILL
A legacy of libertyIncluding a charitable gift in your will is a simple way to make a lasting gift to Students For Liberty and the future of freedom. You can leave a gift to Students For Liberty by adding to an existing will or drafting a new one. Make a gift of a stated dollar amount, specific property, a percentage of your estate, or the remainder after distributions to other beneficiaries. In doing so, you leave a legacy to Students For Liberty, yet preserve and enjoy assets you might need during your lifetime. Plus, the assets distributed to Students For Liberty are exempt from estate tax. We also recommend that you consult with your tax advisor or planning professional.
A simple way to give a significant giftGiving through life insurance is one of the simplest ways to make a significant contribution to Students For Liberty and establish your legacy of giving. There are two approaches: You can designate Students For Liberty as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy. Or you can transfer to Students For Liberty ownership of the policy – either paid in full or for which you continue making premium payments. The transfer of the policy is a present gift for which a charitable tax deduction may be taken, and your continued payment of premiums is each considered charitable contributions, deductible to the full extent of the law. We also recommend that you consult with your tax advisor or planning professional.
GIFTS OF REAL ESTATE
An unmatched opportunity to make an impactYou can turn the value of real estate into community good and receive financial and tax benefits with a gift to Students For Liberty of real estate. A rental house, vacation home or unimproved land can be gifted to Students For Liberty for sale. You avoid capital gains tax and the proceeds from the sale of the property will be used to support our work in the community. A gift of only the ‘remainder interest’ in your personal residence to Students For Liberty while you and your family continue to live in and fully enjoy your home as long as you like can also produce a charitable deduction. This is a retained life estate and works just as well with a farm or vacation home as with your principal residence. We also recommend that you consult with your tax advisor or planning professional.
GIFTS OF PUBLICLY-TRADED STOCK OR CLOSELY-HELD BUSINESS INTERESTS
Let your portfolio or your business profit the future of freedomIf you donate shares of stock that have increased in value since you first bought them, and it has been more than a year, you may be able take a charitable deduction for the stock’s fair market value on the day you gift it.
In addition, you will also be able to avoid capital-gains taxes on the unrealized gain which you would have had to pay if you sold the stock and then gave the charity the proceeds. You may be able to deduct the fair market value only if you held the stock for more than one year before making the gift.
It is important to review your own gifting strategy with your tax counsel to identify the specific tax advantages for your own particular situation.