Gifts with Financial Benefits to You

Gifts with Financial Benefits to You

You can receive income for life while you leave a legacy of help and hope for impoverished families across the globe.

If you are considering this type of gift, we recommend that you consult with your financial advisor and a gift planner at Heifer Foundation.

Charitable Remainder Trust. You can receive income for life and reduce your taxes while supporting Heifer by transferring cash or assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax credit the year you transfer assets to the trust. The remaining portion of the trust, after all applied payments, goes to Heifer.

Benefits to you:

  • Receive income for life for you or your heirs.
  • Receive a charitable income tax credit for the charitable portion of the trust.
  • Create your lasting legacy of support for holistic community development.

Charitable Gift Annuities. You can transfer money to a charitable gift annuity and receive income for life.

This plan allows you to give a substantial donation to the Heifer while receiving tax-favorable income for life. Charitable gift annuities offer attractive payout rates for those who want to provide for those living “on the margins” for generations to come, while maintaining a steady stream of income.

Benefits to you:

  • Payments can be made as you prefer on an annual, quarterly or monthly basis.
  • A portion of the payout will be tax-free.
  • Receive an immediate tax receipt for a portion of your gift.
  • Your gift passes to the Heifer Foundation outside of the estate process.

Please contact Debbie McCullough, Vice President of Planned Giving, at legacyinfo@heiferfoundation.org or 888-422-1161 x 4922 if you have any questions. Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.

Some legacy gifts made for the Foundation can have substantial tax savings.

Retirement Plan Gift. You can reduce or even eliminate tax liabilities on your retirement plan by naming Heifer as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts could be taxed if you leave them to your heirs. Instead, consider giving them less-tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with Heifer.

Benefits to you:

  • Eliminate potential estate tax on retirement assets.
  • Eliminate income tax on retirement assets funded on a pre-tax basis.
  • Receive potential savings from a donation tax credit

To name Heifer as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be updated or completed.

Life Insurance Plan. If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for Heifer.

If Heifer Foundation retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Heifer.

Benefits to you:

  • Reduce your income taxes.
  • See firsthand the impact your gift makes if Heifer cashes in the policy.
  • Further the work of the Foundation as a recognized, long-term partner in empowering people in need so that they can move beyond poverty once and for all.

Gifts of real estate: This kind of gift is ideal for someone who intends to continue living in their home or property through their lifetime, but still wants to make a charitable gift. You can leave this generous gift by signing an agreement with Heifer about maintaining the property so you can use it throughout your lifetime. You may even receive a tax deduction for your gift.

Gifts of stock: A gift of stocks, bonds and mutual funds appreciated in value are among the best ways to help Heifer achieve its mission. You may receive a charitable income tax deduction for the full market value of the stock and avoid paying the capital gains tax on any increase in the value of the stock.

Savings bonds. When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. But you can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Because Heifer Foundation and Heifer International are tax-exempt, 100 percent of your gift of savings bonds will support our shared vision to turn hunger and poverty into hope and prosperity.

Benefits to you:

  • Reduce income tax for yourself.
  • Reduce income tax and estate taxes for your loved ones.
  • Create your lasting legacy by changing someone’s life forever.

Please contact Debbie McCullough, Vice President of Planned Giving, at legacyinfo@heiferfoundation.org or 888-422-1161 x 4922 if you have any questions. Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.