In addition to supporting the mission of HCFM, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
- an income tax deduction
- reduced capital gains taxes
- reduced probate costs and estate taxes
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of HCFM. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and HCFM to all benefit.
We want to be sure that we can fulfill your wishes. If you have any questions, please contact:
Office of Advancement
508-238-4095
development@hcfm.org
Holy Cross Family Ministries