Contributions
Cash/Credit
Card Gifts-in-Kind Real Estate Planned Giving
Cash/Credit
Card
Gifts
of cash or gifts made with credit cards are fully deductible up
to 50 percent of your adjusted gross income. If you cannot deduct
the entire gift in one year, you may carry the unused portion
forward for up to five additional years. Gifts postmarked by December
31 are credited for that calendar year. For additional information
on gifts of cash or credit cards,Contact Us.
To download a gift or pledge form, please click
here.
Gifts-in-Kind
and Personal Property
You can make a gift to the Vida Linda Foundation in the
form of gifts-in-kind or tangible personal property, such as artwork,
musical instruments, books, computers, equipment, furniture and
the like. Acceptance of personal property and your subsequent
tax deduction will depend on the type of item you wish to contribute
and whether the School will have an appropriate use for it. Gifts
of $5,000 or more will require an independent appraisal of value
for income tax deduction purposes. For additional information
on gifts of cash or credit cards,Contact Us.
To download a gift or pledge form, please click
here.
Real
Estate
You
may choose to make a gift of real property. This may be all or
part of your interest in almost any type of property, including
your personal or recreational residence, a farm or ranch, a commercial
building, subdivision lots, or undeveloped parcels of land. Your
real estate contribution can take the form of an outright gift,
life income gift or life tenancy gift. You may make a gift of
your home and continue to live there through your lifetime and
that of your spouse, resulting in both significant income tax
and estate tax savings. For additional information on gifts of
cash or credit cards, you may contact For additional information
on gifts of cash or credit cards,Contact Us.
To download a gift or pledge form, please click
here.
Planned Giving
A
substantial gift to the Vida Linda Foundation may be structured
in a number of different ways so that you may receive income and
enjoy immediate and significant tax advantages. Depending upon
your personal circumstances and objectives, here are some of the
Planned Giving instruments or agreements you may want to consider:
Deferred
Gift Annuity: This type of annuity provides an excellent
retirement plan because it allows you to claim an immediate income
tax deduction while deferring receipt of income for a number of
years. When the annuity matures, the principal is available to
the Vida Linda Foundation.
Charitable
Remainder Trust: A charitable remainder trust is an irrevocable
agreement by which you transfer property to be managed by a trustee
and in which a charitable beneficiary is named.
Charitable
Lead Trust: A charitable lead trust is the reverse of
a charitable remainder trust in that the income generated is given
to the Foundation for a period of years, after which time the
property reverts to you or your beneficiaries.
Life
Insurance: Life insurance offers an easy way to make
a substantial gift. By naming the Foundation as the beneficiary
and assigning it ownership of the policy, you receive an immediate
income tax deduction.
Tax laws governing life charitable contributions
vary from state to state and may change from year to year. Please
consult your attorney or financial adviser for specific advice
regarding your particular situation. We will be happy to work
with you and your advisers as you plan to provide the foundation
for the future.
To download a gift or pledge form, please click
here.
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