| Current/Outright Gifts |
Cash, appreciated securities, closely held securities, real estate, personal property |
No minimum or maximum |
Usually fully deductible for 100 percent of the fair-market value, subject to certain limitations |
Funds are immediately available for use. State income-tax deduction may also be available. |
| Will Provisions |
Cash, appreciated securities, closely held securities, real estate, personal property |
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Charitable estate-tax deduction is available for the full fair-market value of the bequeathed asset; may reduce estate and death taxes, thereby increasing the size of the estate available for heirs |
A very high percentage of will provisions are never revoked, giving promise of future support to Wake Forest. |
| Life-Income Gifts (irrevocable) |
| A. Charitable Gift Annuities |
Cash, securities, some closely held securities |
$25,000 |
Guaranteed fixed income, immediate tax deduction equal to Wake Forest's remainder interest in the gift; favorable tax treatment of annuity
payments |
Ensures future funding of the designated purpose
State income-tax deduction may also be available. |
| B. Deferred-Payment Charitable Gift Annuities |
Cash, securities, some closely held securities |
$25,000 |
Immediate tax deduction equal to Wake Forest's remainder interest in the gift; favorable tax treatment of annuity payments |
Ensures future funding of the designated purpose
State income-tax deduction may also be available. |
| C. Charitable Remainder Unitrusts |
Cash, securities, some closely held securities, real estate |
$100,000 |
Immediate tax deduction equal to Wake Forest's remainder interest in the gift; variable income that may provide a hedge against future
inflation; favorable capital-gain tax liability on gifted property; can be tailored to your situation; permits more than two income beneficiaries; allows deferred income if desired; excellent vehicle for real estate gifts |
Ensures substantial future funding of the designated purpose; donor may select the trustee; Wake Forest could, if desired, use trust as
collateral for loan
State income-tax deduction may also be available. |
| D. Charitable Remainder Annuity Trusts |
Cash, appreciated securities, some closely held securities |
$100,000 |
Immediate tax deduction equal to Wake Forest's remainder interest in the gift; fixed income; favorable capital-gain tax on gifts of
appreciated property; may provide tax-free income |
Same as unitrust |
| Revocable Trusts |
Cash, appreciated securities, closely held securities, real estate |
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All or part of the amount placed in the trust is available if needed by the donor; if a commercial trustee is chosen, may relieve the donor of the responsibilities and headaches of asset management; no tax deduction is available for this kind of trust |
A very high percentage of revocable trusts are never revoked, giving promise of future funding to Wake Forest. |
| Charitable Lead Trusts |
Cash, appreciated securities, closely held securities, real estate |
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Freezes value of assets contributed for gift- and estate-tax purposes |
Provides steady flow of income for a period of years. |
| Gifts of Insurance—if Wake Forest is made the owner and beneficiary of a permanent policy |
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Immediate income-tax deduction for the net cash surrender value of the policy at the time of transfer; future premium payments may be deducted annually as gifts |
Ensures substantial future funding of the designated purpose; Wake Forest may also borrow against the policy or cash it in. |
| Gifts of Insurance—if the gift is a paid-up policy |
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Immediate income-tax deduction for the net cash surrender value of the policy at the time of transfer |
Ensures substantial future funding of the designated purpose; Wake Forest may also borrow against the policy or cash it in. |
| Gifts of Insurance—when Wake Forest is the beneficiary but not the owner |
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No tax deduction but this enables you to leverage your gift substantially; you may change the beneficiary later or borrow against the policy |
Promise of future support to Wake Forest |
