Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Crater Lake Council, Boy Scouts of America.
BENEFITS OF GIFTS OF STOCKS AND BONDS
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
HOW TO MAKE A GIFT OF STOCKS AND BONDS
By electronic transfer – Please get in touch with our Scout Executive at 541-664-1444 for information on transferring stock or bonds from your brokerage or investment account to Cascade Pacific Council, Boy Scouts of America.
By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
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There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the gift date. Mutual fund shares are valued using the closing price for the fund on the date of the gift
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Crater Lake Council, Boy Scouts of America.
BENEFITS OF GIFTS OF REAL ESTATE
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to Cascade Pacific Council, Boy Scouts of America
HOW TO MAKE A GIFT OF REAL ESTATE
Your real property may be given to Crater Lake Council, Boy Scouts of America by executing or signing a deed transferring ownership. You may deed part or all of your real property to Crater Lake Council, Boy Scouts of America. Your gift will generally be based on the property’s fair market value, which an independent appraisal must establish.
Mortgaged Property – Please get in touch with us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Difficult Property Gifts – Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax – Check with us on your gift’s capital gains tax implications. You may also be interested in the life income option.
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Crater Lake Council, Boy Scouts of America.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
BENEFITS OF GIFTS OF RETIREMENT ASSETS
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
HOW TO MAKE A GIFT OF RETIREMENT ASSETS
To leave your retirement assets to Crater Lake Council, Boy Scouts of America, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Crater Lake Council, Boy Scouts of America as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
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Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Crater Lake Council, Boy Scouts of America. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
A donation of cash is a simple and easy way for you to make a gift.
BENEFITS OF GIFTS OF CASH
- You can make an immediate impact on our mission
- You can take a charitable income tax deduction
HOW TO MAKE A GIFT OF CASH
Mailing a gift of cash – You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
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Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by Cascade Pacific Council, Boy Scouts of America until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!
A gift of your life insurance policy is an excellent way to make a gift to Crater Lake Council, Boy Scouts of America. If you have a life insurance policy that has outlasted its original purpose, consider giving your insurance policy to Crater Lake Council, Boy Scouts of America. For example, you may have purchased a policy to provide for minor children, and they are now financially independent adults. Make a gift of your insurance policy to Crater Lake Council, Boy Scouts of America. For example, you may have purchased a policy to provide for minor children, and they are now financially independent adults.
BENEFITS OF GIFTS OF LIFE INSURANCE
- Receive a charitable income tax deduction.
- If Crater Lake Council, Boy Scouts of America retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.
- If Crater Lake Council, Boy Scouts of America cashes in the policy, you can see firsthand how your gift supports our charitable work.
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.
HOW TO MAKE A GIFT OF LIFE INSURANCE
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include Crater Lake Council, Boy Scouts of America as the beneficiary of your policy.
You can also designate Crater Lake Council, Boy Scouts of America, as a partial, complete, or contingent beneficiary of your life insurance policy. You will continue to own and can use the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.