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Ways to Give to
The Greater Toledo Urban League
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Friends of the Greater Toledo Urban League who wish to make a contribution are encouraged to consider the following options:

Cash
Cash is often the most convenient form of giving. Cash gifts are fully deductible for federal income tax purposes, provided deductions are itemized.

Pledges
Pledges enable a donor to plan a personal giving program that is both convenient and tax-wise. A pledge may enable a donor to consider a more significant gift than would have been otherwise possible. Terms for payment on pledges are flexible and at the option of the donor.

Securities
Securities may be made as outright gifts or as a payment on a pledge. Stock certificates may be reassigned directly to the Greater Toledo Urban League or may be transferred through the donor’s broker. The mean market value on the date of the transfer will determine the value of the gift for tax purposes. It is best to consult with the External Affairs Office before a transaction is made. For general questions on securities call Johnny Mickler at 419-243-3343 or send an email to admin@gtul.org

Gifts of appreciated securities may be tax deductible, up to 30 percent of your adjusted gross income. The deduction is based on the full fair market value, and capital gains tax is not due when the stock is transferred to the League.

Planned Gifts
In certain instances, it may be preferable from an estate, financial and tax planning perspective to consider long-term planning giving as the best way to make a gift. This can be accomplished through various gift instruments, such as charitable reminder trusts, gift annuities, charitable lead trusts, and bequests. For more information on planned giving, please contact Johnny Mickler at 419-243-3343 or send an email to admin@gtul.org

 

YOUR GOAL
YOUR GIFT
MAKING THE GIFT
YOUR BENEFIT
Make a quick and easy gift Outright Gift Donate cash, securities or personal property Income tax deduction; avoidance of any capital gains tax
Make a revocable gift during your life time Living Trust Name us beneficiary of assets in a living trust Control of trust for lifetime; possible estate tax savings
Defer a gift until after our lifetime Bequest in Will Name us in your will A donation exempt from federal estate taxes
Make a large gift with little cost to you Life Insurance Gift Give an old or new policy with us a beneficiary Control of trust for lifetime; possible estate tax savings
Avoid the twofold taxation on retirement plan assets Retirement Plan Gift Name us beneficiary of the remainder of the assets after your lifetime Avoidance of heavily taxed gifts to heirs, allowing less costly gifts
Avoid capital gains tax on the sale of a home or other real estate Real Estate Gift Donate the property to us, or sell it to us at a bargain price Immediate income tax deduction and avoidance of capital gains
Give your personal residence or farm, but continue to live there Retained Life Estate Designate the ownership of your home to us, but retain occupancy Charitable income tax deduction and lifetime use of home
Secure a fixed and often increased income Charitable Remainder Annuity Trust Create a charitable trust that pay you a set income annually Immediate income tax deduction and fixed income for life
Create a hedge against inflation over the long term Charitable Remainder Unitrust Create a trust that pays a percentage of the trust’s assets, valued annually Immediate income tax deduction, annual income for life that has potential to increase
Reduce a gift and estate taxes on assets passing to heirs Charitable Lead Trust Create a trust that pays fixed or variable income to us for a set term, and then passes to heirs Reduced size of taxable estate; keeps property in family, often with reduced gift taxes


 

  
608 Madison Ave., Suite 1525   |  Toledo, OH 43604   |   (419) 243-3343   |   GTUL557@aol.com