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W I N D O W S O F O P P O R T U N I T Y F O R P L A N N E D G I V I N G |
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 Gifts of Appreciated Property: A gift of property - such as appreciated long-term, capital-gain securities and real estate - can provide even greater tax benefits to the donor. In addition to receiving a charitable deduction for the full-market value of such a gift, the donor does not incur the potential tax liability on the capital-gain element in the gifted property nor any sales commission that would be payable upon the sale of the asset. For example, a donor in the 31% federal income tax bracket owns securities valued at $20,000 which were purchased several years ago for $5,000. If the securities are contributed to the Center, the donor realizes a $20,000 charitable deduction that saves $6,200 in income taxes (31% of $20,000). The capital gains tax on the $15,000 paper profit is avoided for a further savings of $3000 (20% of $15,000). In addition to these federal savings of $10,600, the net cost may well be further reduced because of state tax advantages. Please note, however, that gifts of appreciated property are limited to 30% of adjusted gross income rather than 50% for other donations. |
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 Life Insurance: You may wish to name The Episcopal Center for Children as a primary or "contingent" beneficiary. Because you retain ownership no income tax deduction is available to you; however, an estate tax benefit may result. Another option is to make The Episcopal Center for Children the owner and irrevocable beneficiary of the policy. If the policy is paid up, the donor's income tax reduction is the policy's replacement value. |
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 Retained Life Estate: A donor who possesses a home and wishes to donate the home may transfer the ownership of the residence to the Center. The donor, however, can retain the right to continue to live in or use the home for life. The donor receives an income tax reduction equal to the value of the Center's remainder interest, calculated on an actuarial basis. The most recent gift of a residence has resulted in a new wing being added to the Center. |
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 Gifts of Tangible Personal Property: A donor is entitled to a charitable gift deduction for gifts of long-term capital-gains tangible personal property - which includes works of art, rare books or stamp or coin collection. If the contributed property is related to the exempt purpose of the Center, then the donor is entitled to a charitable deduction for the full fair-market value of the property, subject to a 30% ceiling and carryover. If the use of the contributed property is unrelated to the purposes of the Center, the donor is entitled to a charitable deduction for his or her basis in the property. |
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| Each of these ways of giving provides an opportunity to help ensure that the Center's work with troubled children continues for now and for tomorrow. For further information call or contact: | |
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| The Episcopal Center for Children 5901 Utah Avenue, N.W. Washington, D.C. 20015-1616 Voice (202)363-1333 . Fax (202)537-5044 ©Copyright/Disclaimer . Site Map |
Gifts of Cash: A gift of cash, simple and easy, is the most popular type of charitable gift. Because of the charitable deduction allowed under federal income tax law, the net cost to to the donor will be lower than the face value of the gift. For example, if an individual who is in the 31% marginal income bracket makes a $1,000 donation to The Episcopal Center for Children, the net cost to the donor is $690, but the Center receives the use of $1,000. A cash gift is considered made in the year a gift is delivered or a check mailed. Gifts are normally deductible up to 50% of a donor's adjusted gross income, but any excess may be carried over for five years. Further, in most states the donor will receive a deduction for a cash contribution on his or her state income tax, thus making the donor's net cost even lower.
Bequest: Many individuals make charitable bequests through their wills. Such bequests often allow donors to make gifts which might not have been possible during life. The Episcopal Center for Children welcomes such gifts. In order to make an unrestricted bequest in your will, this model language can serve as a guide:
"I give to The Episcopal Center for Children, Washington, DC, the sum of $____(or____% of my estate: or the property described herein) for its general purposes.'
Or 'All the rest, residue and remainder of my estate, both real and personal, I give to The Episcopal Center for Children, Washington, DC, for its general purposes."