|
Type of Gift |
May Be Funded With |
Benefits for You |
Benefits for Johns Hopkins |
|
Current / Outright Gifts |
Cash, appreciated securities, closely held securities, real estate,
personal property |
Usually fully deductible for 100% of the fair-market value, subject
to certain limitations |
Funds are immediately available for use |
Charitable Lead Trusts |
Cash, appreciated securities, closely held securities, real estate |
Freezes value of assets contributed for gift- and estate-tax purposes |
Provides steady flow of income for a period of years |
Life-Income Gifts (irrevocable) |
|
A. Charitable Gift Annuities |
Cash, securities, some closely held securities |
Guaranteed fixed income, immediate tax deduction equal to Hopkins'
remainder interest in the gift; favorable tax treatment of annuity
payments |
Ensures future funding of the designated purpose |
|
B. Deferred-Payment Charitable Gift
Annuities |
Cash, securities, some closely held securities |
Immediate tax deduction equal to Hopkins' remainder interest in the
gift; favorable tax treatment of annuity payments |
Ensures future funding of the designated purpose |
|
C. Charitable Remainder Unitrusts |
Cash, securities, some closely held securities, real estate |
Immediate tax deduction equal to Hopkins' remainder interest in the
gift; variable income that may provide a hedge against future
inflation; favorable capital-gains tax liability on gifted
property. Can be tailored to your situation; permits more than two
income beneficiaries; allows deferred income if desired; excellent
vehicle for real estate gifts |
Ensures substantial future funding of the designated purpose; donor
may select the trustee; Hopkins could, if desired, use trust as
collateral for loan |
|
D. Charitable Remainder Annuity
Trust |
Cash, appreciated securities, some closely held securities |
Immediate tax deduction equal to Hopkins' remainder interest in the
gift; fixed income; favorable capital-gains tax on gifts of
appreciated property; may provide tax-free income |
Same as unitrust |
|
Revocable Trusts |
Cash, appreciated securities, closely held securities, real estate |
All or part of the amount placed in the trust is available if needed
by the donor; if a commercial trustee is chosen, may relieve the donor
of the responsibilities and headaches of asset management; no tax
deduction is available for this kind of trust |
A very high percentage of revocable trusts are never revoked, giving
promise of future funding to Hopkins |
|
Will Provisions |
Cash, appreciated securities, closely held securities, real estate,
personal property |
Charitable estate-tax deduction is available for the full fair-market
value of the bequeathed asset; may reduce estate and death taxes,
thereby increasing the size of the estate available for heirs |
A very high percentage of will provisions are never revoked, giving
promise of future support to Hopkins |
|
Gifts of Insurance—if Hopkins is
made the owner and beneficiary of a permanent policy |
|
Immediate income-tax deduction for the net cash surrender value of the policy at the time
of transfer; future premium payments may be deducted annually as gifts |
Ensures substantial future funding of the designated purpose; Hopkins
may also borrow against the policy or cash it in |
|
Gifts of Insurance—if the gift is a paid-up policy |
|
Immediate income-tax deduction for the net cash surrender value of the policy at the time
of transfer |
Ensures substantial future funding of the designated purpose; Hopkins
may also borrow against the policy or cash it in |
|
Gifts of Insurance—when Hopkins is
the beneficiary but not the owner |
|
No tax deduction but this enables you to leverage your gift
substantially; you may change the beneficiary later or borrow against
the policy |
Promise of future support to Hopkins |
