CARES Act Expands Tax Deductions for Charitable Giving
New Gifting Opportunity for Non-Itemizers
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Deferred Gift Annuities
- Lifetime income when you need it
- Flexible start dates
- Immediate tax deduction
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Did you know there are creative ways to support Pomona College? Ways in which Pomona College, you and your loved ones all benefit at the same time?
Such giving techniques are called "planned gifts," because with thoughtful planning, you create win-win solutions for you and Pomona College. For example:
- You can make a gift that costs nothing during your lifetime.
- You can give stock and realize larger tax savings.
- You can get a monthly paycheck for life in return for your gift.
- You can donate your house, continue to live there, and get a tax break all at the same time.
- You can make a gift that protects your income as you age, insurance for your longevity.
Did You Know...
If you want maximum flexibility and maximum effectiveness in your giving, consider a Charitable Remainder Unitrust benefitting Pomona College.
Unitrusts offer you more planning options than any other life-income gift:
- The unitrust can grow tax-free until an event that you choose (retirement; the sale of a trust asset) begins income payments;
- The unitrust can pay income to more than one beneficiary;
- It can pay income for a term of years instead of lifetime -- to help grandchildren with tuition costs, for instance;
- It can hold a temporarily illiquid asset, such as closely-held stock or commercial real estate;
- You can choose the trustees of your unitrust.
Read more..., email us, or contact us at (909) 621-8143 or (800) 761-9899 for more information.