ICC appreciates your taking the time to designate your Gift Legacy that will ensure our organization has the necessary resources to continue to promote positive CHANGE within our selves and in our world
| If your goal is to: |
You can: |
Your benefits are: |
How it Works |
| Make a quick and
easy gift. |
Cash
Make a Donation Online
Simply write a Check now
|
An income tax deduction and immediate
impact on us. |
Make a Donation Online
Mail a Check to ICC |
| Avoid tax on capital
gains. |
Stock
Contribute long-term Appreciated Stock or other securities.
The IRS allows you one of its most
significant tax breaks for gifts of appreciated securities.
See:
How to Make Stock Fund Transfers to ICC
Mutual
Funds Transfer
|
A charitable deduction plus no capital
gains tax.
You receive gift credit and an immediate
income tax deduction for the fair market value of the securities on
the date of transfer, no matter what you originally paid for them.
You can direct your gift to a specific
fund or purpose. |
1. You transfer securities to Los
Padres ICC
2. Los Padres ICC sells your securities
and uses the proceeds for its programs.
See:
How to Make Stock Fund Transfers to ICC
Mutual
Funds Transfer
|
| Avoid capital gains
tax on the sale of a home or other real estate. |
Real Estate
Make a substantial gift to ICC through a transfer of residential, commercial,
or undeveloped real estate. |
An income tax reduction plus reduction
or elimination of capital gains tax.
Real estate gifts can help property
owners meet their own needs as well as support ICC. |
Real Estate gifts include real estate
that donors permit us to sell, with the proceeds going to support our
work. Examples include first and second homes, apartments and retail
buildings.
1. You deed your property (e.g. home,
vacation home, commercial building, or investment property) to ICC.
2. ICC may use the property for its
own purposes, or, more likely, will sell it and use the proceeds for
our programs. |
GIFTS THROUGH YOUR ESTATE |
| If your goal is to: |
You can: |
Your benefits are: |
How it Works |
| Defer a gift until
after your lifetime. |
Bequests
Put a bequest in your will. Give ICC cash, specific property, or a share
of the residue of your estate.
Give to ICC without affecting your
cash flow during your lifetime.
See: Types
of Bequests
|
Donations are fully exempt from
federal estate tax.
Your assets remain in your control
during your lifetime.
You can modify your bequest if your
circumstances change.
You can direct your bequest to a
particular purpose (be sure to check with ICC to make sure your gift
can be used as intended).
There is no upper limit on the estate
tax deductions that can be taken for charitable bequests.
You know that your gift will benefit
ICC tomorrow just as you intend it to today. |
1. You can provide now for a future
gift to ICC by including a bequest provision in your will or revocable
trust.
2. ICC receives the gift, and applies
it to the purpose(s) you specified.
See: Types
of Bequests
|
| Avoid the twofold
taxation on IRA or other employee benefit plans. |
Retirement Assets
Your retirement plan may be worth more when donated to Los Padres ICC
than to your heirs.
Name ICC as the beneficiary of the
remainder of the retirement assets after your lifetime. |
Your family is left with other assets
that carry less tax liability.
You can escape both income AND estate
tax levied on the residue left in your retirement account by leaving
it to ICC.
You can continue to take withdrawals
during your lifetime.
You can change the beneficiary if
your circumstances change. |
1. You name Los Padres ICC as the
beneficiary of your IRA, 401(k) or other qualified plan.
2. After your lifetime, the residue
of your plan passes to ICC tax-free. |
| Make a large gift
with little cost to you. |
Life Insurance
Give a significant gift to ICC without dipping into your capital assets.
Contribute a life insurance policy
you no longer need or take out a new one. |
Current and possibly future income
tax deductions.
You help build our future conservation
goals. |
1. You can provide now for a future
gift to ICC by naming us as beneficiary of a policy insuring your life.
2. At death the proceeds are paid
to ICC, and we apply them to the program you have designated.
|
GIFTS THAT PRODUCE INCOME |
| If your goal is to: |
You can: |
Your benefits are: |
How it Works |
| Receive guaranteed
fixed income that is partially tax-free. |
Gift Annuities (Immediate Payments)
Receive a fixed payout and significant tax benefits. |
Current and future savings on income
taxes, plus stable income.
You receive an immediate income tax
deduction for a portion of your gift.
Your annuity payments are treated
as part ordinary income and part tax-free income. If the gift is funded
with appreciated property, your annuity payments are also part capital
gains income (15%).
You have the satisfaction of making
a significant gift that benefits you now and ICC in the future.
|
1. You transfer cash, securities
or other property to ICC.
2. ICC pays you, or up to two annuitants,
a lifetime annuity.
3. The principal passes to ICC after
the lifetime of the income beneficiaries. |
| Receive income
and Charitable tax deduction. |
Gift Annuities (Deferred Payments)
Build retirement earnings by deferring the onset of annuity payments.
|
Deferral of payments permits a higher
annuity rate and generates a larger charitable deduction. The longer
you defer payments, the higher the effective rate you will receive.
You can target your annuity payments
to begin when you need them, such as retirement or when a grandchild
needs help with tuition payments. |
1. You transfer cash, securities
or other property to ICC.
2. Beginning on a specified date
in the future, ICC begins to pay you, or up to two annuitants you name,
fixed annuity payments
3. The principal passes to ICC after
the lifetime(s) of the beneficiaries for life. |
| Create a hedge
against inflation over the long term. |
Charitable Remainder Unitrusts
(CRUT)
Meet multiple goals with this most-flexible
life-income gift.
See our CRT
FACT SHEET
|
Payment of variable income for life
as well as tax benefits.
You receive an immediate income tax
deduction for a portion of your contribution to the unitrust.
The trust pays no capital gains tax
when it sells the assets you have contributed to the trust.
You or your designated beneficiaries
receive income for life or a term of years.
You can make additional gifts to
the trust as your circumstances allow and qualify for additional tax
deductions and increased trust payments. |
1. You transfer cash, securities
or other appreciated property such as real estate into a trust.
2. Each year, the trust pays a percentage
of its value to you or to beneficiaries you name. The trust value is
re-computed annually, so payments change from year to year.
3. When the trust terminates, the
remainder passes to ICC.
See our CRT
FACT SHEET
|
| Secure a fixed
life income while avoiding market risks. |
Charitable Remainder Annuity
Trust (CRAT)
Meet multiple goals with this most-flexible
life-income gift.
See our CRT
FACT SHEET
|
Tax benefits and often a boost in
your rate of return.
You receive an immediate income tax
deduction for a portion of your contribution to the annuity trust.
You pay no upfront capital gains
tax on any appreciated assets you donate.
You or your designated income beneficiaries
receive stable, predictable income for life or a term of years.
|
1. You transfer cash, securities
or other appreciated property into a trust.
2. The trust makes fixed annual payments
to you or to beneficiaries you name.
3. When the trust terminates, the
remainder passes to ICC.
See our CRT
FACT SHEET
|
SPECIAL SITUATIONS / OPTIONS |
| If your goal is to: |
You can: |
Your benefits are: |
How it Works |
| Give income from
an asset for a period of years but retain the asset for yourself or
your heirs. |
Charitable Lead Trusts
Freeze the taxable value of your appreciating assets: use them to make
gifts today, then pass them to family later. |
Asset is returned to the donor or
heirs with federal estate tax savings and income tax deductions for
income donated.
The present value of the income payments
to ICC reduces your gift/estate tax.
All appreciation that takes place
in the trust goes tax-free to your heirs.
The amount and term of the payments
to ICC can be set so as to reduce or even eliminate transfer taxes due
when the principal reverts to your heirs. |
1. You contribute securities or
other appreciating assets to a charitable lead trust.
2. The trust makes annual payments
to ICC for a period of time.
3. When the trust terminates, the
remaining principal is paid to your heirs. |
| Create a hedge
against inflation over the long term. |
Charitable Remainder Annuity
Trusts
An individually managed trust that reduces income and capital gains
taxes and pays stable, predictable income. |
Payment of variable income for life
as well as tax benefits.
You receive an immediate income tax
deduction for a portion of your contribution to the annuity trust.
You pay no upfront capital gains
tax on any appreciated assets you donate.
You or your designated income beneficiaries
receive stable, predictable income for life or a term of years.
|
1. You transfer cash, securities
or other appreciated property into a trust.
2. The trust makes fixed annual payments
to you or to beneficiaries you name.
3. When the trust terminates, the
remainder passes to ICC. |
PLEASE NOTE: This summary is not
intended as legal or tax advice. ICC advises all donors to seek the
advice of their financial advisor or CPA.
