GIFT PLANNING
A THREE-STEP APPROACH TO GIVING
A triangle is the strongest two-dimensional shape. Often used in construction, the triangle provides a sturdy foundation and durable support. What’s the secret of its strength? Three parts!
Think about that as you consider making a three-part gift to the Medical College of Georgia.
1. Make a gif t of cash or stock now .
Cash gifts or assets that have appreciated and have been held for more than a year, such as stocks or real estate, are wonderful ways to provide funding now. You can deduct the fair market value of the asset donated to the organization and pay no capital gains tax on the increased value. Enjoy tax benefits this year as you direct MCG on how to apply your gift to a designated project, initiative or department, and see immediate benefits of your generosity.
2. Make a life income gif t later.
Charitable gift annuities and charitable remainder unitrusts may reduce income and capital gains taxes while providing you (and an additional annuitant, if you indicate one) a stable, predetermined annual amount of income for life. A life-income gift can be established with cash, securities or other property.
3. Make an ire voc able tes tamen tary gift.
While the estate tax will be eliminated in 2010, the gift tax still stands. Gifts in excess of $1 million will be taxed at 35 percent. Only gifts to charitable organizations, such as MCG, are unlimited in amount and avoid this penalty. A testamentary gift also ensures that your unique desires be carried out as you intend.
MCG alumni pride themselves on compassion and integrity. You share a common desire to truly make a difference in the lives of others. Giving to your alma mater is a tangible way to show how much you value MCG’s mission and desire to preserve its rich tradition for generations to come.
A three-part gift will profoundly enhance the university. Your cash gift will fund immediate needs and short-term goals, while life-income gifts and irrevocable bequeaths will guarantee a future income stream. Not only will you enjoy financial benefits, but you will optimize support to your alma mater, now and in the future.
Sincerely,
Anthony (Tony) Duva
Associate Vice President for Gift Planning
800-869-1113
aduva@mcg.edu