“If you're givin’ while you're livin’ then you're knowin’ where it’s goin’”
If you plan today, Uncle Sam can be your friend in April.
Since Valley Teen Ranch is a non-profit organization all your giving is Tax Deductible.
You can give in a variety of ways, depending on your particular situation. Careful pre-planning is the key to maximizing your benefits. Here are some helpful hints to you to consider as you plan your year-end gift.
Cash is still the most popular way to make a charitable gift. Your gift of cash to Valley Teen Ranch before December 31 could cost you much less at tax filing time. For example, if you make a $2000 gift before the end of the year and are in the 28% marginal tax bracket, your gift could save you $560 in taxes. The federal government recognizes the contribution non-profit organizations make to society and assists the donor in making the gift a tax deduction.
Gifts of appreciated securities or stocks can be one of the most advantageous ways of giving. If your gift of stock is one you have owned for more than one year, you may deduct the full fair market value of the stock as a charitable contribution, while bypassing all capital gains taxes.
Gifts of appreciated real estate are like gifts of appreciated stock. Assuming you have owned the property for more than one year, you may deduct as a charitable contribution the fair market value of real estate while avoiding all capital gains taxes.
Life Insurance is a unique way to give to Valley Teen Ranch. To qualify, Valley Teen Ranch needs to become the owner and beneficiary. No incidents of ownership should be retained. If the policy is paid, your charitable contribution is generally the replacement value or cost basis of the policy, whichever is less. Ongoing premiums paid on a gifted life insurance policy also qualify for charitable deductions.
Gifts of tangible personal property related to Valley Teen Ranch’s exempt purposes are full tax deductible at fair market value. Gifts of tangible personal property given to Valley Teen Ranch which are not related to our tax-exempt purpose are limited to cost basis for determining your tax deduction.
You receive a lifetime income between 5.5% and 12% depending on your age. You get a tax deduction, tax-free return of principal and defer capital gains tax if funded with appreciated assets. Part of your gift can help Valley Teen Ranch right now.
AN AMERICAN TRADITION
Charitable gifting is an American tradition….one unparalleled by any other country. Through current tax laws our government encourages you to express your charitable support. Through careful planning you can: identify the method for making a contribution which best fits your situation; and maximize the impact of your gift to Valley Teen Ranch.
We will be pleased to provide you with more information and assist in any way as you consider the possibilities for your year end gifts.