Gifts That Reduce Your Taxes
You can shape the future through the powerful, transformative and everlasting connections of real, strong women. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.
Gift of Cash
Cash is the simplest asset to donate and the quickest way to make an immediate impact for Alpha Chi Omega. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer. For more information on giving click here.
Stocks and Securities
When you give appreciated securities (stock, bonds, mutual funds) to the Alpha Chi Omega Foundation, you may be eligible for a double tax benefit: 1) you may receive an income tax deduction for the full present fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals.
When you redeem savings bonds, you will owe income tax on the appreciation. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to the Alpha Chi Omega Foundation. Because the Foundation is tax-exempt, 100% of your gift of savings bonds will go to support our shared mission to realize and sustain the educational and philanthropic values of Alpha Chi Omega.
A gift of your retirement assets, such as an employee retirement plan, IRA or tax-sheltered annuity, is an excellent way to make an impact. Donating retirement plan assets can shield you or your heirs from taxes while funding the Alpha Chi Omega Foundation’s mission.
Transfer ownership now:
To make an impact on our mission today, irrevocably designate the Alpha Chi Omega Foundation as owner and beneficiary of a life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.
If your policy is not yet paid up, you can still donate the policy and make tax-deductible annual contributions of cash to the Foundation to cover future premium payments.
Name us as a beneficiary:
You can name the Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, the Alpha Chi Omega Foundation will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time and may reduce your estate taxes.
This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.
A gift of artwork, coins, antiques or other personal property can be an excellent way to support Alpha Chi Omega. The tax benefits of the gift depend on whether the Alpha Chi Omega Foundation can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.