Gifts of Stock

Making a gift of appreciated stock that you have owned for more than one year may result in significant tax savings.  By donating the stock directly to Unity, you are not subject to capital gains tax on the appreciation, yet the tax-deductible gift amount is the fair market value of the stock.  This also applies to mutual funds and bonds.

 

Wills or Living Trusts

Benefits of including Unity of The Blue Ridge in your will or trust:

It’s simple. You just need to add a few sentences in your will or trust!

It’s flexible. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.

It’s versatile. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.

It may provide tax relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.

 

Retirement Assets

Gifting all or a portion of your taxable retirement funds Required Minimum Distribution (RMD) directly to Unity can result in substantial tax savings

If you are 70 1/2 years of age and must make an RMD, consider a direct transfer from your taxable retirement funds account to Unity of those funds.  This is called a Qualified Charitable Distribution (QCD) and has a huge tax benefit that up to $100,000 of the RMD will not be included in taxable income.  Contact your account custodian to request a QCD to Unity.

If you die with taxable retirement plan assets in your estate, those assets may be subject to income taxes. This can reduce the amount that normally would be passed to heirs by up to 37%. In contrast, as a nonprofit organization, we are tax-exempt and eligible to receive the full amount and bypass any federal taxes. Income taxes can be eliminated or reduced through a carefully planned charitable gift.

Consider these gift options:

  • Designate Unity of The Blue Ridge as the primary beneficiary for a percentage (1 to 100 percent) of your retirement plan assets.
  • Designate a specific amount to be paid to us before the remainder is divided among family beneficiaries.

 

If you would like more information on how to offer these types of gifts, please contact your financial advisor and or stockbroker and contact Unity at 828-891-8700 or email bookkeeper@unitync.net.