Ways of Giving
Those who wish to make a gift to The Early Learning Coalition of Manatee County can do so using various sources of assets and income, as presented and illustrated here. The information shown here is not exhaustive – it is meant to stimulate further inquiry. It is strongly advised, however, that you consult your attorney or financial advisor before making a final gift decision.
- Most common and simplest method for making a charitable contribution. Use our Paypal link to donate any amount.
- Fully tax deductible up to 50 percent of adjusted gross income (AGI), with a five-year carryover allowed for any excess deduction.
- The higher the tax rate, the greater the savings.
- Payable over a three to five-year period.
- Deductible in the year a payment is made.
- Takes advantage of programs offered by many employers.
- Leverages donor’s gift to a higher level.
- By giving publicly traded stocks held long term (more than one year) directly to the school, taxes on capital gains will be avoided.
- Full fair market value of the stock gift is tax deductible up to 30 percent of adjusted gross income (AGI), with a five-year carryover allowed for any excess deduction.
- Donor sells property, takes loss for tax purposes, then contributes the cash received from the sale.
- Donor receives a tax deduction for both the loss and the charitable gift.
- Produces a current tax deduction equal to fair market value of the stock.
- Corporation may redeem shares of the stock from the school.
- Could reduce liability for accumulated earnings tax.
- Possible for donor to make gifts of residence, farm, or vacation home, reserving the right of occupancy as long as donor and spouse live.
- Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest.
- Assign directly to The Early Learning Coalition of Manatee County or, preferably, transfer through broker.
- Amount of contribution is fair market value on the date of transfer.
Charitable Gift Annuity
- Provides a fixed income for the lifetime(s) of one or two annuitants.
- Amount paid determined by rates recommended by the American Council on Gift Annuities.
- The older the annuitant, the higher the level of income.
- Portion of gift and income are tax deductible.
Deferred Gift Annuity
- Offers increased income and tax benefits.
- All basic features and benefits of a gift annuity.
- Income delayed until a future date chosen by the donor.
- Rate of return and tax deduction dependent on length of income delay.
Life Income Trusts
- Trust assets are funds or property contributed by donor (usually $100,000 or more).
- Flexibility in type of property that can be donated.
- Real estate and municipal bonds may be used.
- Provides a fixed amount of income (Charitable Remainder Annuity Trust).
- Provides a variable level of income (Charitable Remainder Unitrust).
Charitable Lead Trust
- Donor provides assets for use for a limited period of time.
- Funds are invested to provide income to The Early Learning Coalition of Manatee County.
- Assets returned to donor or to estate at end of designated period.
- Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heirs.
- Make the Early Learning Coalition of Manatee County sole owner and beneficiary of paid-up policy.
- Receive income tax deduction for the cash surrender value of policy.
- If policy not fully paid, continue to pay premiums.
- Receive tax deduction for annual premium amounts.
- Outright bequests, as well as certain bequests in trust, are not subject to estate taxes.
- Actual cost is less than face value of gift because of tax benefits to estate.
- Bequest can take any of the following forms:
1. Bequest of a dollar amount of particular securities or other property.
2. Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries.
3. Contingent bequest to take effect if other beneficiaries die before the donor.
4. A bequest can often be arranged simply with the addition of a codicil amending an existing will.
Please contact the Early Learning Coalition of Manatee County, Inc. at (941) 757-2900 or email us if we can be of further assistance.
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