Gift Planning Options


Philanthropy is a highly personal endeavor, and you have many options when planning a gift to support the Indianapolis Symphony Orchestra. As you consider your philanthropic goals, knowing the benefits of different giving options is a good place to begin – the first step in equipping yourself to plan the gift you really want to make. This chart provides an introduction to the broad categories of gift types and shows the steps to follow when planning a gift.



Cash Write check or use credit card. Easy to make; income tax charitable deduction for full amount of gift.
Securities Typically transfer to charity an appreciated asset (stocks, bonds) held for more than one year. Income tax charitable deduction for full fair market value; no capital gains tax payable on asset's appreciated value
Closely Held Stock Busines owner gives stock to charity, then corporation may repurchase same stock. Fair market value of stock deductible as charitable contribution, no capital gains tax.
Tangible Personal Property Donate real estate or personal property to charity. Income tax deduction for full fair market value if gift property used by charity for its exempt purposes (otherwise, deduction limited to adjusted cost basis). Qualified appraisals often necessary.



Charitable Gift Annuity Assets (usually cash or securities) donated to charity in exchange for fixed annuity payments. Current income tax charitable deduction for gift portion of donation; part of payments may be tax-free return of principal; capital gains tax on transfer spread over donor's life expectancy if donor is the annuitant.
Charitable Remainder Anuity Trust (CRAT) Set up trust that pays specific annual benefit for life of beneficiary(ies), or for a period up to 20 years; trust property transferred to charity when benefits end; usually funded with cash or securities. Income tax charitable deduction; possibly avoids capital gains when funded with long-term appreciated property.
Charitable Remainder Unitrust (CRUT) Similar to CRAT, expect income amount varies each year as trust assets are revalued; may be funded with cash, securities, and other assets. Same benefits as CRAT plus allows different funding and payout options.



Bequest Use will to direct property to a charity at your death. Estate tax charitable deduction for value of gift; donor retains lifetime use and control of property intended as bequest gift; convenient and popular for planned gift.
Revocable Living Trust Set up trust that directs disposition of assets; including gifts to charity; trust can be revoked or change. Minimizes costs and delays of probate; facilitates transfer of assets; plan is private; not public (unlike a will); continuity of asset managment in the event of death or disability.
Retirement Plan Assets Charity named as beneficiary of retirement plan assets (other arrangements also possible). May have estate planning benefits, because income in respect of a decedent (IRD) is taxable to heirs, but not to charities.



Donor Advised Fund Donor makes irrevocable contribution to a restricted fund maintained by charitable organization. Income tax charitable deduction for full amount of gift; donor may advise regarding fund distribution, but donor may not place material restrictions on fund.
Retained Life Estate A real estate gift in which donor retains right to live in the property for remainder of his or her life. Income tax charitable deduction based on present value of the remainder interest that will eventually go to charity.
Charitable Lead Trust (CLT) Charity receives annual trust income; trust principal reverts to donor or beneficiaries at end of trust term. Qualified CLT may qualify for a gift tax or estate tax charitable deduction, or qualify for an income tax charitable deduction depending on type of CLT.
Life Insurance Give life insurance policy to charity, or designate charity as beneficiary of policy, or use policy as wealth replacement tool in tandem with a CRAT or CRUT. Income tax charitable deduction can be utilized for donated policy.


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