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Tax Advantages in Planned Giving

Updated: Jan 13, 2020

Planned giving (sometimes called gift planning or legacy giving) enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income. Nonprofit organizations rely on planned giving in addition to gifts to an organization's annual fund, and donors can benefit greatly when filing taxes. Here are a few examples:

1. Gifts of appreciated securities - Avoid paying capital gains tax on the sale of appreciated stock, receive a charitable income tax deduction, provide needed resources today

2. Gifts of unused retirement assets - Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to support the men, women and children of MSV. To leave your retirement assets to MSV, you will need to complete a beneficiary designation form provided by your retirement plan custodian

3. Gifts of Life Insurance - To make Marillac St. Vincent Family Services the beneficiary of life insurance, request a beneficiary designation form from your insurer and include Marillac St. Vincent as the beneficiary. Marillac St. Vincent Family Services can be a total or partial recipient of a life insurance policy.

4. Make a bequest in your will, trust or estate plan – There are several ways to include a nonprofit in your estate planning. See your article on bequests HERE.

For more information on these benefits and others, contact Development Director, Daniel Summins, at or call 312-278-4220.

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