Gift type
|
Benefits
|
Who it's for
|
Assets that can
fund gift
|
|
Bequest
|
Costs nothing today; potential estate tax deduction |
People who are committed to Packard Children's Hospital and who wish to make a gift that doesn’t impact current cash flow. |
Cash, securities, other appreciated assets |
| Beneficiary Designation |
Avoid excessive taxes, pass more money to heirs, easy gift to make |
People who want to pass assets to heirs but who want to potentially reduce future estate or gift taxes
|
IRA, 401k, retirement assets or life insurance |
| Charitable Gift Annuities
|
Receive income for life; immediate tax deduction |
People who would like the financial benefit of a steady income for life. |
Cash, securities
|
Deferred Charitable
Gift Annuities |
Receive income for life; immediate tax deduction |
People who would like an immediate tax benefit and who are interested in future income |
Cash, securities |
| Charitable Remainder Trust |
Receive income for life; avoid capital gains; income tax deduction |
People who have appreciated assets and want to avoid capital gains while enjoying income. |
Cash, securities, real estate, other appreciated assets |
| Charitable Lead Trust |
Estate tax or gift tax benefits |
People who want to pass assets to heirs but who want to potentially reduce future estate or gift taxes
|
Cash, securities, real estate, retirement assets or life insurance |
| Retained Life Estate |
Immediate tax deduction, plus possible estate tax savings |
People who want to be able to use their property for the rest of their lives, but who need current tax benefits |
Real estate (primary residence or vacation home) |