Gift Planning

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Goals & Gifts

Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping a cause close to your heart.

The following chart details a gift vehicle for every goal. After determining the gift that is right for you, meet with your financial advisor or Saint Ignatius High School to begin implementing your wishes. Please contact Jeff McCormick '83 at 216-651-0222, Ext. 228 or jmccormick@ignatius.edu for more information.

Your Goal
Your Gift
How to Make the Gift
Your Benefits
Make a quick and easy gift
Donate cash, securities or personal property
Income tax deduction; elimination of any capital gains tax
Make a revocable gift during your lifetime
Name us beneficiary of assets in a living trust
Control of trust for lifetime; possible estate tax savings
Defer a gift until after your lifetime
Name us in your will
A donation exempt from federal estate taxes
Make a large gift with little cost to yourself
Transfer ownership of an existing policy or purchase a new policy in our name
Current income tax deduction; possible future deductions
Make a generous gift without impacting your current financial status
Designate us as the beneficiary of an existing or new policy
Retain control over rights to the policy; future estate tax charitable deduction
Eliminate the twofold taxation on retirement plan assets
Name us as beneficiary of the remainder of the assets after your lifetime
Avoidance of heavily taxed gift to heirs, allowing other, less costly gifts, to heirs
Eliminate capital gains tax on the sale of a home or other real estate
Donate the property to us, or sell it to us at a bargain price
Immediate income tax deduction and avoidance of capital gains tax
Give your personal residence or farm, but continue to live there
Designate the ownership of your home to us, but retain occupancy
Charitable income tax deduction and lifetime use of home
Secure a fixed and often increased income
Create a charitable trust that pays you a set income annually
Immediate income tax deduction and fixed income for life
Create a hedge against inflation over the long term
Create a trust that pays a percentage of the trust’s assets, valued annually
Immediate income tax deduction, annual income for life that has potential to increase
Supplement income with fixed annual payments
Enter a contract with us, in which we’ll pay you fixed payments annually
Current and future savings on income taxes; fixed payments for life
Reduce gift and estate taxes on assets passing to heirs
Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs
Reduced size of taxable estate; keeps property in family, often with reduced gift taxes



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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.