A Quick Guide to Legacy Gifts
This summary chart will give you a quick overview of many of the legacy giving options available to you. Please keep in mind that your individual circumstances need to be considered before taking any action. As with all tax and estate planning, please consult your attorney or estate specialist. Return to the Legacy Giving home page.
A primary question to consider first is have you made out a will? If you have not yet written a will, regardless of your charitable intent, please consider this.
Make a quick and easy gift
Action: Simply write a check now, or give through our secure online process.
Benefit: An income tax deduction and funds we can put to immediate use.
Defer a gift until after you and your spouse’s lifetime.
Action: Add a bequest to your will or trust (give cash, specific property, or a share of the residue of your estate).
Benefit: You retain control of your assets. There may be a reduction in estate taxes.
Avoid possible twofold taxation on IRA or other employee benefit plans
Action: Name SAT-7 as the beneficiary of the remainder of the retirement assets after your lifetime.
Benefit: It lets you leave your family other assets that carry less tax liability.
Make a revocable gift during your lifetime
Action: Name us as the beneficiary of assets in a living trust.
Benefit: Full control of the trust terms for your lifetime.
Avoid tax on capital gains
Action: Contribute long-term appreciated stock or other appreciated securities.
Benefit: A charitable deduction plus no capital gains tax.
Avoid capital gains tax on the sale of a home or other appreciated real estate
Benefit: A charitable tax deduction with the possibility of reducing or eliminating capital gains tax.
Receive guaranteed fixed income that is partially tax-free and delay capital gains
Action: Establish a charitable gifts annuity.
Benefit: Current and future savings on income taxes, plus fixed, stable payments.
Secure, fixed payments for life with a hedge against inflation over the long term
Action: Establish a charitable remainder unitrust.
Benefit: Various payments for life plus tax benefits.
Secure fixed payments for life while reducing market risks
Action: Establish a charitable remainder annuity trust.
Benefit: It gives you tax benefits and often boosts your current rate of return.
Give your personal residence or farm, but retain life use
Action: Create a charitable gift of future interest, called a retained life estate.
Benefit: It gives you tax advantages plus use of the property.
Make a large gift with little cost to you
Action: Contribute a life insurance policy you no longer need.
Benefit: Current and possibly future income tax deductions.
Donate income from an asset for a period of years but retain the asset for yourself or your heirs
Action: Establish a specialized charitable lead trust.
Benefit: Asset is returned to the donor or heirs with federal estate tax savings and income tax deductions for income donated.