MAKE A GIFTWAYS TO GIVE
GIFTS OF CASH
There is no easier way to garner a charitable deduction and support the causes that matter to you than simply writing a check. If you itemize, your outright gifts of cash are fully deductible for federal income tax purposes up to 50% of your adjusted gross income. If you exceed this limitation, the excess may be carried forward for tax purposes for up to five additional years. ONLINE GIVING
Making a donation online has never been easier! Click on the link below to make a credit card or electronic check donation to a fund here at ACT. Your online contribution will be processed on the Network For Good website but will be applied directly to the fund of your choice here at ACT. Your donation is safe, secure, and private, and will support the issues and causes you care about most.
GIFTS OF STOCK
Giving long-term appreciated stock offers you a two-fold tax savings. First, donors avoid paying any capital gains tax on the increase in value of stock. In addition, donors receive a tax deduction for the full fair market value of the stock on the date of the gift. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.
DOWNLOAD GIFT OF STOCK TRANSFER INSTRUCTIONS BEQUESTS
Providing a gift in your will to Adirondack Community Trust is an additional way of supporting your favorite charities in perpetuity. You can also name an endowment fund at Adirondack Community Trust as the beneficiary of your IRA, pension plan, or life insurance policy. Charitable bequests can be designed so as to give the most favorable tax treatment to your beneficiaries.
CHARITABLE REMAINDER TRUSTS
A charitable remainder trust can be created as a vehicle that pays you or your chosen beneficiary income for life, or for a fixed term, or both. After the term's completion, the remaining property passes to a charitable beneficiary such as a fund at Adirondack Community Trust, or another charity of your choice. This flexibility allows you greater spendable income and reduced taxes during your lifetime.
CHARITABLE LEAD TRUST
This vehicle is unlike the charitable remainder trust in that income first goes to the charity for a fixed period with the property later reverting to you or your beneficiary. This trust is often used as part of an estate plan.
REAL ESTATE/LIFE ESTATES
You may deed your home or property to Adirondack Community Trust and retain the right to live there for the rest of your life. This allows you to take a charitable deduction for the current value of the remainder of the property after death, and thereby avoid any capital gains tax. When the life estate ends, the real estate is sold and proceeds are used to support funds at Adirondack Community Trust or any of your favorite charities.
LIFE INSURANCE
Life insurance provides a simple way for you to give a significant gift to charity with tax benefits that can be enjoyed for a lifetime. Check with Adirondack Community Trust staff for more information on how insurance policies can further your philanthropic goals. For more information about charitable giving through the Adirondack Community Trust, call Cali Brooks at (518) 523-9904 or e-mail Cali@GenerousACT.org
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