The Louisiana Bar Foundation
Advancing Equal Justice and law-related education through Fellowship
Giving Opportunities
Acceptable Methods of Planned Giving
Bequests
- Donation is exempt from federal tax estate.
- Control of asset for your lifetime.
Tangible Personal Property
- Charitable deduction based on the full fair market value.
Securities
- Immediate charitable deduction of full fair market value.
- Avoidance of capital gains tax.
Real Estate
- Immediate fair market value income tax deduction.
- Reduction or elimination of capital gains tax.
Remainder Interests in Property
- Valuable charitable income tax deduction.
- Lifetime use of residence.
Bargain Sales
- Income tax savings
- Avoids a tax on the amount of gain in the gift
Life Insurance
- Current income tax deduction.
- Possible future deductions through gifts to pay policy premiums.
Life Insurance Beneficiary Designations
- Current income tax deduction.
- Possible future deductions through gifts to pay policy premiums.
Charitable Gift Annuities
- Current and future savings on income taxes.
- Stable payments for life.
Charitable Remainder Trusts
- Immediate income tax deduction.
- Fixed payments for life, often at a higher rate of return.
Charitable Lead Trusts
- Reduces your taxable estate.
- Your family keeps the property, often with reduced gift taxes.
Retirement Plan Beneficiary Designation
- Make the gift from the most highly taxed assets, leaving more for family.
- Avoids income and estate tax.