Botanical Society of America - "Ways to Give"
Thank you for taking the time to explore some of
the options available for providing charitable gifts
to the Botanical Society of America. It's fascinating
to review the important role gifts left to the Society
over the years have played in a number of areas; keeping
botany alive as a discipline, honoring those who excel
and take us forward as a science and encouraging and
providing support for the next generation of botanists
instantly come to mind.
In 2008 members donated $80,000 to BSA endowments,
awards and sectional activity. In turn, BSA funds
put $35,000 back into Society activities. You can
clearly see, your gifts do make a difference.
Below we outline several mechanisms for giving and
provide examples of how each might work for you and
benefit the BSA. Please note: the information is provided
as an example only. We always suggest you consult
your tax advisor for the option(s) that best fits
your goals.
| Your
Goal |
Your
Gift |
How
to Make the Gift |
Your
Benefits |
| Make
a quick and easy gift |
|
Write
a check, make a donation on the website, ask the
organization to put it on your credit card |
Income tax deduction |
| |
| Make a quick
and easy gift |
|
Using the
stock transfer form, transfer stock directly to
the Society |
Income
tax deduction and avoidance of capital gains tax
|
| |
| Eliminate
capital gains tax on the sale of a home or other
real estate |
|
Donate the
property to the Society or sell it to the Society
at a bargain price |
Immediate income tax deduction and avoidance of
capital gains tax |
| |
| Give your
personal residence or farm, but continue to live
there |
|
Transfer
the deed of your home to the Society, but retain
occupancy |
Charitable income tax deduction and lifetime use
of home |
| |
| Make a large
gift with little cost to yourself |
|
Give a policy
with the Society as owner and beneficiary |
Current income tax deduction; possible future
deductions |
| |
|
| |
| Avoid the
twofold taxation on retirement plan assets |
|
Name the
Society as beneficiary of the remainder of the
retirement assets after your lifetime |
Avoidance
of heavily taxed gift to heirs, allowing less
costly gifts |
| |
|
| |
| |
|
|
|
| Create and/or
increase income from assets |
|
Create a
charitable annuity that pays you a set income
annually |
Immediate income tax deduction and fixed income
for life, remainder of the corpus passes to the
Society |
| Create and/or
increase income from assets; Create a hedge against
inflation over the long term |
|
Create a
trust that pays you a fixed or variable percentage
of the trust's assets, valued annually |
Immediate income tax deduction, annual income
for life that has potential to increase, remainder
of the corpus passes to the Society |
| Reduce gift
and estate taxes on assets passing to heirs |
|
Create a
trust that pays the Society a fixed or variable
income for a set term, and the remainder passes
to your heirs |
Reduced size of taxable estate; keeps asset in
family with reduced taxes ramifications |
- GO GREEN – THINK BALANCE – BE
SUSTAINABLE