A gift of appreciated securities is a popular alternative to a cash gift because it saves taxes twice. You not only receive an income tax deduction for the full fair market value of your securities for more than one year, but you also avoid capital gain tax on the appreciation.
Speak with your accountant for specific strategies and tax planning. Call CAPSA and ask for James Boyd or Jill Anderson to get transfer account info.
Gifts Through Your Will or Trust
You can name CAPSA in a will or trust. This will extend your legacy and may create tax advantages for your estate.
Recommended Text for Will
“I give, devise, and bequeath to CAPSA, Tax ID 87-0413330, the sum of ($_____) to be used for its general purposes.” (Instead of a dollar amount, you can indicate a percent [_____%] of your total estate or specially describe property to be given.)
Speak to an Estate Planning Attorney
Retirement Plan or Life Insurance Beneficiary
You can include non-profit(s) as beneficiary (primary or contingent beneficiary) to receive all or part of your retirement plan or life insurance policy. Name CAPSA as a beneficiary by completing a beneficiary form with your financial adviser or human resources department.