Creative Ways to Give
Making charitable contributions is an art – a creative process that adapts to the changing needs and wishes of the donor. Planned or legacy giving is an increasingly popular way for individuals to make charitable gifts, enabling a donor to arrange charitable contributions in ways that maximize his or her personal objectives. Indeed, there are a variety of plans designed to ensure a gift will be put to the best possible use and fit the donor's financial needs and objectives. The Kennedy Center has listed some options you might consider when making your giving decisions.
Depending upon the assets and the gift option selected, you can expect to obtain some or all of the following benefits:
- Fulfill philanthropic goals
- Reduce income tax through a deduction for the gift
- Avoid capital gain tax on the gifts of long-term appreciated property
- Retain a stream of payments for life for the donor and other beneficiaries
- Increase disposable income
- Eliminate federal estate tax on property passing to charity upon donor’s death
- Reduce cost and time in estate settlement
To learn more about ways you can create a legacy of support for The Kennedy Center, contact our Vice President of Development at 203.365.8522, ext. 2049 or email.