Create a legacy based on community betterment
Every year, many people create plans for contributing to their charitable interests.
You may find time devoted to deciding what to give, when to give, and how to give can make a difference when considering how much you may wish to give. Generous tax incentives provided under federal and state law can also help you make the most of your charitable dollars.
Planning Overview
There are three common themes that help ensure that your gifts have the greatest possible impact:
Giving the right property
What you choose to give can be vitally important in determining how much to give.
Giving at the right time
Charitable gifts are madein the context of other events in our lives. Through careful planning, it can be possible to make gifts that accomplish charitable objectives while helping to provide for other needs such as retirement security, educational expenses, care for elders, and other financial priorities. Tax benefits can also be enhanced by careful timing your gifts.
Giving in the right way
Whether you give money or other property outright, or you defer your gift and retain income and/or access to property for your lifetime, special opportunities may allow you to give more than you might have otherwise thought possible.