(213) 290-6139|bcc@bcc-la.org
(213) 290-6139|bcc@bcc-la.org
| Gift Type and Options | Definitions | Tax Benefits to You |
|---|---|---|
| Bequests | A direction in a Will to pay distribute personal property. | Reduce estate tax |
| Testamentary Trust | A trust established through the Will of a grantor. | Reduce estate tax |
| Charitable Lead Trust | An irrevocable trust designed to provide financial support to one or more charities for a period of time, with the remaining assets eventually going to family members or other beneficiaries. | Reduce estate tax |
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| Assets | ||
| Marketable Securities | Publicly traded, liquid securities that can quickly be converted to cash. | Avoid Capital Gains Tax |
| Closely Held Stock | A circumstance wherein a company’s common shares that are predominantly owned by one individual owner or by a small group of controlling stockholders. | Avoid Capital Gains Tax |
| Real Property | Principally land and buildings. | Avoid Capital Gains Tax |
| Tangible Personal Property | Property that can be moved or touched, and commonly includes physical property such as business equipment, furniture, and automobiles. | Avoid Capital Gains Tax |
| Life Insurance | A type of insurance that pays out a sum of money either on the death of the insured person or after a set period. | Avoid Capital Gains Tax |
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| Life Income Plans | A financial product that ensures a lifetime guaranteed income for retired participants. Life income plans are funded by a pool of investments. | Generate lifetime income and reduce income tax. |
| Charitable Gift Annuity | It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. | Generate lifetime income and reduce income tax. |
| Charitable Remainder Trust | A tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity. | Generate lifetime income and reduce income tax. |
| Pooled Income Fund | A mutual fund composed of gifts that are pooled and invested together. Income from the fund is distributed to both the fund’s participants and named beneficiaries, according to their share of the fund. | Generate lifetime income and reduce income tax. |
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| Retirement Plans/IRA | Create a remainder beneficiary (BCC) of your 401(k), 403(b) or other qualified retirement plan. Yearly RMD’s from an IRA can be transferred directly to a Nonprofit to avoid taxable income and obtain tax benefits. | Create tax benefits for yourself and your heirs. |
6090 West Pico Boulevard
Los Angeles, CA 90035
(213) 290-6139|bcc@bcc-la.org
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