Planned Giving can help you meet your personal, financial, and estate planning goals by making a lifetime or testamentary charitable gift to The CMS Fund. Potential benefits include:
- avoiding capital gains tax
- receiving a charitable income tax deduction
- enjoying possible increased income
- furthering today the mission of The CMS Fund
- leaving a lasting legacy
Means of Planned Giving include:
Gifts of Stocks and Bonds
A gift of your securities, including your stocks or bonds, is an easy way for you to make a gift. By making a gift of your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets.
Gifts of Real Estate
A gift of your real property (such as your home, vacation property, vacant land, farmland or ranch or commercial property) can make a great gift. If you own appreciated real property, you can avoid paying capital gains tax by making a gift to The CMS Fund.
Your real property may be gifted to The CMS Fund by executing or signing a deed transferring ownership. You may deed part or all of your real property to The CMS Fund. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Gifts of Retirement Assets
A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, is an excellent way to make a gift.
Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give the retirement assets to The CMS Fund. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Your retirement assets may be transferred to The CMS Fund by completing a beneficiary designation form provided by your plan custodian. If you designate The CMS Fund as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to The CMS Fund. If your life insurance policy is no longer needed, or will no longer benefit your survivors, consider making a gift to The CMS Fund.
Did you know that you can give your life insurance policy to The CMS Fund today and receive a charitable income tax deduction? You can then make deductible contributions to The CMS Fund each year which we may use to pay the premiums. We benefit from the proceeds of your policy.
You can also designate The CMS Fund as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.
Other Gift Options
Other instruments of Planned Giving include bequests, charitable gift annuities, charitable interests, charitable annuity trusts, charitable lead trusts, sales and interests, bargain sales, and life estate reserved.
Contact Us for More Information
What plan is best for you? We can help you explore a variety of planned gift options to meet your needs and your goals. If you have questions about making a gift, please send us an email. We will be happy to be of assistance to you.