Types of Gifts

Outright Gifts

Outright gifts come from your income or capital assets (cash, securities, real estate, etc.) and result in an immediate tax deduction that is subject to federal income tax guidelines.

Planned Gifts and Bequests

These gifts are planned during your lifetime and usually become effective at the time of death, according to the specifications of your will or trust agreement. Charitable bequests are fully deductible for federal estate taxes. More information about planned gifts and bequests.

Life Income Gifts

Retained interest gifts such as annuities are also planned gifts, but implementation occurs during your lifetime. These can be used to establish a scholarship fund and provide lifetime income for you or a family member. More information about Life Income Gifts.