In addition to supporting the mission of the foundation, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
- an income tax deduction
- reduced capital gains taxes
- reduced probate costs and estate taxes
- income for life
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of the foundation. Even with the increased standard deduction in the tax law that became effective January 1, 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and the foundation to all benefit.
We want to be sure that we can fulfill your wishes. If you have any questions, please contact:
Jordan Castillo, JD, CFRE
254-899-3776
Jordan.Castillo@bswhealth.org
Director of Gift Planning & Central Services
Baylor Scott & White Central Texas Foundation
