PLANNED GIVING PRESENTATION
SATURDAY, MARCH 30th, 10:00 - 11:30 a.m.
1649 DOWNING STREET
DENVER, CO 80218
(Parking in Rear of Building)
We're grateful to passionate SafeHouse Denver Board Member Dylan Metzner, a local tax attorney who specializes in estate planning, for generously volunteering his time to share his expertise with our donors. Dylan's presentation will focus on how planned giving can minimize tax ramifications for donors while increasing benefits for the nonprofits they support.
"Philanthropically minded individuals often meet their charitable giving goals using after-tax dollars. From a tax standpoint, this is the most inefficient way to give. Unfortunately, many of our donors are not aware of the various options they have to maximize their donations to SafeHouse Denver," shares Metzner.
"Planned Giving is a technique donors use to incorporate charitable donations as part of the donor’s overall financial and/or estate planning. Essentially, Planned Giving is a deliberate plan by the donor to maximize their charitable donations by structuring the donations to maximize tax deductions and to provide other valuable benefits to the donor and/or the donor’s family," he continues.
In this session, Dylan plans to cover:
Two Forms of Planned Giving
- Legacy Giving - Occurs when the donor provides a charitable gift to be made after the donor’s death. Legacy giving, generally involves naming a charity in the donor’s will or trust, but it may also include designating a charity as a primary beneficiary of the donor’s retirement accounts or life insurance policies.
- Lifetime Giving - Occurs when the donor makes a direct gift of property other than cash to a charity or when the donor makes a charitable gift through the use of charitable trusts, charitable gift annuities, donor advised funds, or through a qualified charitable distributions from an IRA.
Benefits of Planned Giving
- Maximizing gifts to charity without reducing the donor’s cash flow or value.
- Maximizing income tax deductions for charitable gifts.
- Reducing or eliminating taxes imposed as the result of death, such as the Federal Estate Tax.
- Gifts of Appreciated Property- Rather than selling property and distributing the proceeds to charity, the donor may donate the property to charity. Such a donation would result in the donor receiving a tax deduction and also neither the donor nor the charity would have to pay tax when the property is ultimately sold.
Charitable Remainder Trust - Trust pays a specified annual amount to the donor for life, or another fixed period of time. At the end of the term, the remaining trust assets are transferred to charity. The donor receives a tax deduction in the year the trust is created even if the trust’s term does not expire for many years.
Charitable Lead Trust - Trust pays a specified annual amount to the charity for the donor’s life, or another fixed period of time. At the end of the term, the remaining trust assets are transferred back to the donor or individuals named by the donor. The donor receives a tax deduction in the year the trust is created and the donor may also minimize or eliminate death taxes which would be due upon the death of the owner.
Want to learn more? RSVP now to join us on Saturday, March 30th, from 10:00-11:30 a.m. at SafeHouse Denver. Dylan looks forward to discussing the intricacies of Planned Giving and answering any questions attendees may have regarding planned giving.
*Please note: This presentation is strictly for informational purposes. Please consult your tax professional regarding your specific circumstances.