Estate gifts are a great way to leave a legacy and help support the mission of ICHC into the future. Gifts of all sizes are welcome and ICHC staff is available to assist you. Thank you for considering a gift to ICHC in your estate plan.
What To Give
Different assets to consider donating include:
- Family Limited Partnership Interests
- Publicly Traded Securities
- Life Insurance Policies
- Retirement Plan Assets
- Other Real Estate
- Personal Residence or Vacation Home
- Closely Held Stock
- Collections or Other Items of Value
How To Give
There are several ways to make an estate gift:
- Bequest (Will or Living Trust)
- Retained Life Estate
- Charitable Remainder Trust
- Beneficiary Designation (Life Insurance or IRA)
- Charitable Lead Trust
Bequests are simple, cost-effective and flexible. You can add ICHC to your will or simply add a codicil to your existing will. You will maintain control over your assets and be able to make changes as needed. Naming ICHC as a beneficiary to your insurance policy, 401K or IRA is another simple means of making a gift.
For some donors, a Charitable Remainder (or Lead) Trust can offer powerful income and tax benefits. A Retained Life Estate allows you donate a residence to Inner City Health Center while keeping the right to live there for the rest of your life.
For more information or a FREE, no-obligation consultation, please contact Linda Olson, Development Manager, 720-833-5087 or email@example.com.
Gifts of Securities
There are certain times when it makes more sense to give assets other than cash. For example, donating appreciated securities directly to ICHC can avoid capital gains taxes and reduce the cost of making a gift. For example, please review this hypothetical scenario:
|Scenario: After Tax Cost of a Gift of Appreciated Securities||Scenario: After Tax Cost of a Gift of Cash|
|Assume a donor who is in the 28% marginal tax bracket contributes securities now worth $10,000 that cost $2,000 more than a year ago.||Assume a donor who is in the 28% marginal tax bracket makes a cash contribution of $10,000.|
|$10,000: Value of Securities Contributed||$10,000: Cash Contribution|
|($2,500): Enterprise Zone State Tax Credit||($2,500: Enterprise Zone State Tax Credit|
|($463): Colorado State Income Tax Saved||($463): Colorado State Income Tax Saved|
|($2,800): Federal Income Taxes Saved||($2,800): Federal Income Taxes Saved|
|($1,500): Capital Gains Taxes Avoided|
|Total Net Cost of Giving Securities: $2,737||Total Net Cost of Giving Cash: $4,237|