Outright Gifts Cash You may deduct cash donations up to 30 percent of your adjusted gross income. Any amount in excess of the 30 percent ceiling may be carried over for five years. Appreciated Marketable Securities Appreciated marketable securities generate a double tax benefit for you – a charitable deduction for income tax purposes for the full fair-market value (up to 20 percent of adjusted gross income) and avoidance of any tax on the capital gains. Capital Loss on Securities If you sell at a loss and donate the proceeds, you may use the loss for tax purposes and also benefit from the charitable deduction. Deferred Gifts Bequests For estate tax purposes, there is no limit on the size or amount of a deduction for a bequest. Performa of Pittsburgh accepts: • Cash bequests • Specific bequests – Such as securities • Residuary bequests – A percentage of your estate after other bequests, debts, taxes and expenses have been paid You may easily include a provision for Performa of Pittsburgh by simply inserting language similar to the following as a codicil to your existing will. “I give, devise and bequeath to Performa of Pittsburgh, located in Pittsburgh, Pennsylvania, the sum of $___________ or ____ percent of my residuary estate or the following described property: ____________________________ to be used for general purposes.” Charitable Gift Annuities Charitable gift annuities are among the simplest and most popular charitable life-payment plans. In exchange for a transfer of appreciated marketable securities or cash, the organization contractually guarantees to make specified payments to you and/or another beneficiary on an annual basis. The payout rate depends on the age of the donor and the number of beneficiaries. The organization uses the rate set by the American Council on Gift Annuities. Charitable Remainder Trusts Irrevocable trusts qualify for special tax consideration. You may create an irrevocable trust that provides fixed or fluctuating income to you or other designated beneficiaries on an annual basis. On death, the remainder is paid to the organization as per the terms of the agreement. Your tax professional can advise you as to what type of trust is best for your needs. Life Insurance The organization becomes sole owner and beneficiary of a paid-up policy. You receive a tax deduction for the cash surrender value of the policy or total premiums paid, whichever is less. If the policy is not paid in full, you may deduct the annual premiums as you continue making those payments. Retirement Assets (IRAs and other plans) Donation of these assets avoids substantial income and estate taxes. Taxes can consume as much as 70 percent or more of your retirement plan assets because they may be subject to income and estate taxes. Through your support, you can be part of Performa of Pittsburgh’s future while receiving significant tax benefits. Before making a gift to Performa of Pittsburgh consult your attorney or tax advisor.