Planned giving is a powerful tool. When Partners decide how their money will be used after they’re gone, it’s a final statement about their philosophies and beliefs. In the end, it’s about the legacy they choose to leave behind.
Additionally, there are immediate benefits of some planned giving options. Through a planned gift, Partners may:
1. Increase their current income or that of a designated beneficiary;
2. Reduce income tax liability;
3. Avoid capital gains tax; and/or
4. Pass assets on to family and pay less tax.
Types of planned gifts include:
These are the most common planned gift to the Southern Poverty Law Center. It’s an easy way to ensure the SPLC continues to fight hate, seek justice and teaching tolerance far into the future.
Revocable Living Trusts are popular estate planning documents that resemble Wills that contain instructions for managing personal assets during your lifetime and for the distribution of assets after your death.
A Charitable Gift Annuity is a simple contract between you and the Southern Poverty Law Center that allows you to donate cash or securities and receive fixed annual payments for life.
A Charitable Remainder Trust provides substantial financial and tax benefits for the donor, as well as significant gifts to the SPLC.
Life Insurance can be a convenient way to make a substantial gift to the Southern Poverty Law Center for a relatively modest annual cost.
The Tax Increase Prevention Act of 2014, H.R. 5771, was signed into law by the President on December 19, 2014, temporarily extending the popular “IRA Rollover” provision until December 31, 2014. At this point, no 2015 gifts qualify. But, if Congress follows its three year pattern of extending this beneficial tax break late in the year and once again making it retroactive, you may meet the standard qualifications which are not expected to change.