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Charitable Options to Consider

Gifts to charitable organizations can be either outright (given immediately) or deferred (stipulated to be given sometime in the future). All have various tax benefits, depending on the type of asset that is donated. Here are some examples:

Gifts of Cash

Gifts of cash and by check are the most popular methods of giving. Such gifts are convenient and may be tax deductible up to 50% of your adjusted gross income (AGI). quote

Stocks, Bonds and Mutual Funds

Charitable gifts may also be funded with assets such as stocks, bonds and mutual funds that have increased in value. You not only receive regular tax savings, but you entirely avoid the capital gains tax on qualified assets given for charitable use. This extra tax benefit is one reason why a growing number of people choose to make gifts using property other than cash.

Real Estate

Real property (like your house or land) that has been held long-term makes an excellent charitable contribution and promises you several advantages.  familyYou obtain an income tax charitable deduction equal to the property's full fair market value (if held long-term) instead of the lower cost basis. You avoid capital gains tax on the property's appreciation. The transfer isn't subject to the gift tax, and it reduces your taxable estate.

You avoid the unpleasant hassle of selling the property and the gift frees the cash that otherwise would have been used to pay for taxes and upkeep. If you would like the estate planning benefits but would also like to continue living there, you can give us your home but enjoy its use for your life-time by setting up a retained life estate.

Consider the Possibilities

  • A gift included in your will or living trust can establish a lasting legacy.
  • Make larger gifts in years when you have more income.  The higher your tax bracket, the greater the potential tax savings from your gifts.
  • A gift of excess retirement funds such as pension plans or IRAs may allow you to give more, while eliminating taxes that may otherwise largely deplete these assets.
  • Gifts of life insurance that has fulfilled its original purpose may offer excellent tax benefits.  Policies purchased to protect a loved one who no longer needs it can be an outstanding way to make a charitable gift.
  • Gifts that provide an income can be a tax-effective way to provide you or someone else you designate with regular payments for life or other period of time.  Check with us or your advisor for more information.

Learn about the mission of The United Cerebral Palsy Foundation – San Diego County.   MORE

Gifts can include cash, real estate or other property such as stocks, bonds and mutual funds.  MORE

Our Board of Directors consists of business and community leaders, and human services provider professionals.  MORE

David Carucci
Executive Director

UCP of San Diego County
8525 Gibbs Drive, #209  
San Diego, CA   92123

Phone (858) 571-7803
Fax (858) 571-0919
Email dcarucci@ucpsd.org
Web ucpsd.org

The mission of UCP of San Diego County is to advance the independence, productivity and full citizenship of people affected by cerebral palsy and other disabilities. By making solid steps, UCP can build a better community for all in the process.

Learn more about UCP Programs, Events and News.

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