Benefits of Giving
Typically, individuals who make charitable contributions to the ABYC Foundation do so because they are confident the funds will be used wisely to improve the marine industry and ensure the boating experience is a safe one. In return, a door is opened to a number of possible benefits, and depending on the amount given and type of gift selected; a donor can expect to realize some or all of the following:
- Fulfill philanthropic goals
- Reduce income tax through a deduction for the gift
- Avoid capital-gains tax on gifts on long-term appreciated assets
- Reduce costs and time in estate settlement
- Retain a stream of payments for life for the donor and for other beneficiaries
- Increase spendable income
- Eliminate federal estate tax on property passing to charity upon the donor's death
Making a charitable contribution is easy once the donor considers his or her wishes and adapts the gift to meet those needs, but you should consult with your own tax and legal advisors for the tax implications of a particular gift.
Bequests
Cash
Charitable Remainder Annuity
Charitable Remainder Trusts
Life Income Gifts
Life Insurance
Securities and Real Estate
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