The following chart may help in making a decision as it details several giving plans.
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Your Goal
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Your Gift
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How to Make the Gift
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Your Benefits
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Make a quick and easy gift
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Outright gift
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Donate cash, securities or personal property
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Income tax deduction; avoidance of any capital gains tax
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Make a revocable gift during your lifetime
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Living trust
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Name us beneficiary of assets in a living trust
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Control of trust for lifetime; possible estate tax savings
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Defer a gift until after your lifetime
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Bequest in will
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Name us in your will
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A donation exempt from federal estate taxes
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Make a large gift with little cost to yourself
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Life insurance gift
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Give a policy with us as owner and beneficiary
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Current income tax deduction; possible future deductions
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Avoid the twofold taxation on retirement plan assets
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Retirement plan gift
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Name us as beneficiary of the remainder of the assets after your lifetime
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Avoidance of heavily taxed gift to heirs, allowing less costly gifts
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Avoid capital gains tax on the sale of a home or other real estate
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Real estate gift
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Donate the property to us, or sell it to us at a bargain price
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Immediate income tax deduction and avoidance of capital gains tax
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Give your personal residence or farm, but continue to reside
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Retained life estate
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Designate the ownership of your home to us, but retain occupancy
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Charitable income tax deduction and lifetime use of home
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Secure a fixed and often increased income
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Charitable remainder annuity trust
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Create a charitable trust that pays you a set income annually
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Immediate income tax deduction and fixed income for life
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Create a hedge against inflation over the long term
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Charitable remainder unitrust
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Create a trust that pays a percentage of the trust’s assets, valued annually
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Immediate income tax deduction, annual income for life that has potential to increase
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Supplement income with fixed annual payments
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Charitable gift annuity
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Enter a contract with us, in which we’ll pay you fixed payments annually
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Current and future savings on income taxes; fixed payments for life
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Reduce gift and estate taxes on assets passing to heirs
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Charitable lead trust
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Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs
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Reduced size of taxable estate; keeps property in family, often with reduced gift taxes
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