There are many other ways for you to help the River Park realize its goals. Listed below are some other suggested ways of giving. Contact us at email@example.com or (858) 674-2270 x13 for more information about these contribution methods. Before taking action, discuss the matter with your tax advisor to learn which of the methods below are appropriate for you.
While gifts of cash are most welcome, giving appreciated stock results in more benefits for you. You not only receive an income tax charitable deduction, you also bypass the capital gains.
For example: The stock you paid $5,000 for ten years ago is valued at $10,000. Giving that stock qualifies you for an income tax deduction of $10,000 and you pay no tax on the $5,000 capital gain.
Gifts at No Current Cost
You may make some gifts without experiencing any change in your lifestyle. For example, you can make San Dieguito River Park a beneficiary in your will, retirement plan, or insurance.
Gifts that Transfer Wealth
You may make a gift, receive a tax deduction, a bypass of capital gains, estate tax benefits and an income through a gift to:
- Charitable Remainder Unitrust
- Charitable Remainder Annuity Trust
- Pooled Income Fund
Gifts with your Home
You may make a gift, receive a tax deduction and continue to live in your home with a Life Estate Reserved. You deed your home or property to the San Dieguito River Park with an agreement that you continue to live in your home. You continue to maintain your residence, pay property taxes, etc. We do not assume total ownership of the property until after your lifetime.
Gifts in your Will
You can name the San Dieguito River Park in your will, making the Park a direct or contingent beneficiary of:
- A specific sum
- A percentage of the estate
- The residue of the estate
If you have an existing will, you need not create a new one. Have your attorney add a codicil including the San Dieguito River Park.
Gifts in a Retirement Plan
The tax consequences of transferring any assets in these plans to anyone but your spouse can be extremely severe. It is possible that more than 80 cents per $1 may be consumed in taxes.
If you make the San Dieguito River Park the successor beneficiary of your spouse in the plan, we will receive the full value of the remaining assets. The size of your estate is reduced and your family receives a larger legacy.