Charitable Giving

The St. Michaels High School Alumni Association is proud to announce our Planned Charitable Gift Giving Program. Planned Giving, as it is often referred, provides donors with numerous options to make large charitable gifts while benefitting from significant tax incentives. Gifts come in many forms and include gifts of equity (stocks), life insurance, real estate, personal property, bequests or cash.

What are the tax benefits of planned gifts?

• Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
• Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
• Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.