Gifts of Cash and Property:
Cash contributions (i.e. personal checks) are deductible as an itemized deduction in the year the donor makes the donation. Many people choose to support Good Shepherd's Mission this way. Gifts of property (i.e. land) and personal property (i.e. jewelry) also qualify as charitable deductions.
Gifts of Securities:
When donors give securities that have increased in value (i.e. appreciated stocks and bonds), they can avoid capital gains taxes and can claim the market value of the securities. Gifts of mutual funds can provide the same tax advantages as a gift of appreciated stock. Donors considering a gift of securities to Good Shepherd, Inc. are encouraged to contact their tax advisor.
Gifts of Life Insurance:
Donors can contribute a life insurance policy to Good Shepherd, Inc. by naming Good Shepherd, Inc. as either the owner or beneficiary of the policy, or as both the owner and beneficiary of the policy. There can be some tax advantages to this type of gift, so donors are encouraged to consult their tax advisor.
Charitable Bequests:
Donors can name Good Shepherd, Inc. as a beneficiary in their wills and estates, and be eligible for significant savings on estate and probate tax. Donors are encouraged to consult an attorney or trust officer regarding a charitable bequest.
Please Note: If you need more information or help with these types of donations, give us a call at 641-424-1740.
