gifts that reduce your taxes
Cash is the simplest asset to donate and the quickest way to make an immediate impact for Young Audiences of Houston. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer.
When you give securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) you receive an income tax deduction for the full, present, fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation, or increase in value, of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals.
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 you or your heirs from taxes while funding Young Audiences of Houston's important work.
You can transfer funds from your IRA directly to Young Audiences of Houston to make a difference today. This is an effective way to have an immediate impact and support our work of providing arts in education programs to youth.
A gift of your life insurance policy is an excellent and easy way to make a gift to Young Audiences of Houston. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Young Audiences of Houston. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of Gifts of Life Insurance:
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Receive a charitable income tax deduction
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If the organization retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
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If the organization cashes in the policy, you will be able to see firsthand how your gift supports our charitable work and research programs
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If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Young Audiences of Houston so that we can use the proceeds to further our important work
Transfer ownership now:
To make an impact on our mission today, irrevocably designate Young Audiences of Houston as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.
If your policy is not yet paid up, you will make contributions of cash to Young Audiences of Houston to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.
Name us as a beneficiary:
You can name Young Audiences of Houston as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Young Audiences of Houston will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator, add Young Audiences of Houston as a beneficiary and notify us about your generous intention.