Benfits of Giving

Differing financial goals determine the planned giving option that best accomplishes your objectives. For most of us, tax relief is rarely the prime motivation in supporting Lighthouse Central Florida, but it can certainly facilitate your ability to make a gift and reduce its cost. Every planned giving option provides some form of tax relief from one or more of the following taxes:

• Federal income tax
• State income tax (where applicable)
• Capital gains tax
• Estate tax
• Gift tax

The planned giving option that best accomplishes your financial goals can be established with various types of property. The exact tax savings will depend upon the nature of the property and its cost basis. The following types of property are typically used to create a planned gift:

• Cash
• Appreciated securities
• Appreciated personal property
• Real estate

Contact us at 407.898.2483 or 352.365.1544 for a preliminary discussion on the tax savings that may be available to you. The amount of your tax savings will depend upon your personal circumstances and should be discussed with your financial or tax advisor.