Great tax benefits exist for those who give. Here are some of the gifts and associated benefits you should know about.
What You Can Give
Cash
One of the most common ways to make a gift to Baylor Scott & White Dallas Foundation is to write a check, make a gift using a credit card, or donate online.
Stocks & Bonds
Giving appreciated stock that you have owned for more than one year is one of the most tax-advantaged ways to make charitable gifts. With careful planning, you can reduce your capital gains tax while supporting Baylor Scott & White Dallas Foundation.
Retirement Assets
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield your heirs from taxes while funding BSW Dallas Foundation's future.
IRA Charitable Rollover
The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Baylor Scott & White Dallas Foundation using your qualified retirement plan. This gift may also satisfy your required minimum distribution (RMD).
Real Estate
A gift of real estate allows you to preserve your cash assets, receive tax and income advantages, and make a significant charitable gift to BSW Dallas Foundation.
Retained Life Estates
Donate your home, farm or a second home to BSW Dallas Foundation and receive an immediate income tax charitable deduction, while retaining the right to live in your home for the rest of your life. If you itemize your deductions instead of taking the standard deduction you could save significant income taxes. If you cannot use your entire deduction in the year of your gift, you may carry forward all unused deduction for up to five additional years if you are able to itemize in each of those years.
Life Insurance
Life insurance is a valuable asset for making a charitable gift. You can make a gift of a life insurance policy without diminishing other investments or assets earmarked for family members.
Personal Property
A gift of artwork, coins, antiques, or other personal property can be an excellent way to support BSW Dallas Foundation.