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Planned gifts are gift arrangements that have specific tax advantages and often include lifetime income to the donor or a named beneficiary. Baker Institute donors may utilize planned giving methods to enjoy such benefits as capital gains tax savings, increased income and income tax savings, while at the same time benefiting the Baker Institute. A planned gift can maximize your giving potential and even allow you to ensure your future financial security or that of a loved one.
Your gift to the Baker Institute can allow you to hold an interest in that gift for life, or for a specified period of years, after which the funds become available to the Baker Institute. For example, you can set up a charitable trust, which allows you or a beneficiary to receive income from that trust for a specified period, or for life. You can donate your home to the Baker Institute while retaining the right to live in it for life.
You may claim a charitable deduction on your tax return based on the full market value of the gift, or eliminate certain costs associated with the transfer of real property when giving a home or real property to the Baker Institute.
Oct 20 2021 | Foreign Policy
Oct 19 2021 | Foreign Policy