A variety of gifts to City of Hope can help reduce income, capital gains or estate taxes.
If you have stocks that you have held for more than a year and have increased in value, you can use them to fund a City of Hope charitable gift annuity and you will bypass a significant portion of the capital gains tax. The remaining gain will be apportioned over several years of your annuity payments rather than being taxed all at once. Plus, you’ll enjoy the other benefits of a gift annuity — eligibility for an immediate income tax deduction and a fixed annual payment for life — at an attractive payment rate.
*Based on payment rates as of January 1, 2015, and a capital gains tax rate of 15%. Based on the maximum capital gains tax rate plus the investment tax.
A charitable lead trust is a way of making a gift to City of Hope that enables you to reduce gift and estate taxes while controlling the timing of passing assets to your children and grandchildren.
You contribute securities or other appreciating assets to a charitable lead trust. The trust makes annual payments to City of Hope for a period of time. When the trust terminates, the remaining principal is paid to your heirs.
Benefits to You:
A charitable remainder unitrust with City of Hope can provide you and/or other beneficiaries with income for life or for a fixed number of years. For your donation, which can be appreciated securities or real estate, you receive an immediate income tax deduction for a portion of your contribution to the unitrust and savings on capital gains taxes, too. You will also have the satisfaction of making a significant gift that benefits you now and City of Hope later.
With this type of gift you can:
*Based on payment rates as of January 1, 2015.
Because retirement plans are taxed differently than most assets, they may actually become a tax liability. Naming City of Hope a beneficiary of your retirement account can be an attractive option for leaving a legacy and reducing income and possibly estate taxes for your loved ones.
Making City of Hope a beneficiary of a retirement account is easy. Simply ask your plan administrator for a beneficiary designation form and include City of Hope as beneficiary of a specific percentage of the account value or as a contingent beneficiary.
An immediate gift of real estate. Donating property outright to City of Hope frees you from the costs and responsibilities of ownership. If you have owned the property more than a year, you will enjoy a charitable income tax deduction equal to the property’s full fair market value. You will eliminate any capital gain and the gift reduces your future taxable estate.
A gift of real estate by bequest. You can include a gift of real estate to City of Hope in your will or living trust and you will be eligible for a charitable estate tax deduction upon your death.
A gift annuity funded with real estate. Convert your real estate investment into a predictable income flow and realize capital gains and other tax benefits.
When you give appreciated securities, you may receive an immediate income tax charitable deduction as well as savings on capital gains taxes. Your gift of stock or mutual funds can also be used to generate income for life through a charitable gift annuity. For information about gifts of stock, please contact us at 800-667-5310 or Philanthropy@coh.org. Click here for more information about establishing a charitable gift annuity with appreciated securities.
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To leave a gift to City of Hope, consider including this language:
I give [ __ percent of my estate, or description of asset, or ____ dollars] to City of Hope, a California nonprofit corporation, 1500 E. Duarte Road, Duarte, CA 91010 (City of Hope Tax ID 95-3435919), for its general use.