“We believe that COTA is the breath that saves lives.”

Planned Giving

While the economy and the future may seem uncertain, charitable planning can help you stay on track with your goals. If you are looking for a way to save on this year's taxes, create funds for your future or avoid higher capital gains taxes on the sale of your assets, we can help. Below is an overview of the charitable plans that can provide you with income and tax benefits.

We hope this information will help you as you consider how to plan for your future both now and in the years ahead. If you have questions, please call or email us. We are happy to work with you on creating a plan that helps you meet your goals for you, your family and charity.

1 | Increase Your Retirement Funds

Create funds and security for your future through a charitable remainder trust. When you transfer cash or your assets to fund a charitable remainder trust, you can receive income for life or a number of years. If the assets in the trust grow, there is the potential for increased income over time. You also receive a charitable deduction which provides tax savings in the year you fund your trust. What is left goes to help further COTA's mission.

Contact us to see an illustration of what your charitable remainder unitrust could look like.

2 | Maintain Your Cash Reserves

You may be looking at ways to save more these days and maintain your cash reserves for future expenses. We want to let you know that there is a way that you can support COTA's mission without using any of your current resources.

With a bequest, you promise to make a gift to us in the future through your will. Your attorney can draft language that leaves an amount, a specific asset or percentage of your estate to COTA. Your gift will help us continue our work into the future and provide your estate with tax savings.

To learn more about a charitable bequest, please call or email.

3 | Save on Capital Gains Taxes

With capital gains tax rates, you may be concerned about the tax you will pay on the sale of your appreciated assets. If you own stock or real estate that has increased over time, you can transfer these assets to fund a charitable remainder trust and avoid capital gains taxes.

This special type of trust is tax exempt and it can sell your assets tax free and then reinvest in a way that maximizes income for you. The trust will then use the investments to pay you income for life or a number of years depending upon your goals.

To view an illustration of this plan, please contact us.
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