Assets

I want to make a gift to Perkins with this asset:

• Cash
• Stock
• Real Estate
• Existing Retirement Funds and/or Life Insurance
• Existing Life Income Gift
• Artwork and other items

Cash:

Gifts of cash are the most common form of giving and deliver the most immediate benefit to Perkins. You may choose to designate your gift or give to the greatest need. Cash gifts may be made outright or in ways that will provide you and/or another with income and other benefits while also supporting Perkins.

Stock:

You may be able to use your low-dividend paying stocks to increase your annual income by placing them in a charitable gift annuity with a fixed, high rate of return-- rates are based on age -- or to achieve diversification without paying a capital gains tax by funding a charitable remainder trust that returns lifetime income to you.

Real Estate:

Choose to use the equity in your residence, vacation home, or other real estate, to achieve your personal and philanthropic goals. In addition to helping charity, some people choose to give because they are downsizing from a primary home or because the real estate is no longer wanted or needed. An outright gift will eliminate real estate taxes, property insurance, maintenance costs, and avoid capital gains taxes. Others choose to exchange real estate for a stream of income. Still others choose to remain in their home while achieving an income tax deduction. Each proposed gift of real estate is evaluated on a case-by-case basis. If the school cannot use the property, it will be sold and the proceeds added to endowment. The property owner must obtain a qualified appraisal for tax purposes.

Tax-Deferred Retirement Plan:

Tax-Deferred Retirement Accounts are often the largest single asset a family owns, sometimes worth more than the family home. Unfortunately, any funds remaining in the account at your death will be levied with both income and estate taxes, and possibly a generation skipping tax. This combination of taxes can be extremely high -- even up to 80 percent! You can escape these taxes if you leave the funds in your retirement plans to charity, such as Perkins. By giving the tax laden retirement funds to charity and giving other less tax encumbered assets to your heirs, you increase the amount of assets that reach your heirs.

Life Insurance:

Consider your insurance policy an easy asset to give to charity. The process is simple: name Perkins as owner and beneficiary of the policy. Perkins surrenders the policy to realize the funds immediately, and you may claim a charitable income tax deduction for the surrender value of the policy. (Donors are responsible for obtaining an independent qualified appraisal of the policy.)

Existing Life-income Gift:

If you currently receive payments from a charitable gift annuity or charitable remainder trust that you no longer need, you can renounce your remaining life interest in that gift. In giving up the remaining life interest in the annuity or trust, you will see the principal put to work at Perkins during your lifetime and receive an additional income tax deduction for this accelerated gift.

Gifts of Artwork and Other Items:

You can make a gift to Perkins in the form of tangible personal property - artwork, antiques, books, furniture, and the like. Your tax deduction depends on the type of item you contribute and whether the school has an appropriate use for it.

For more information, please contact:

Alleather Toure, Esq.
Perkins Trust Office
175 North Beacon Street
Watertown, MA 02472
617-972-7680 or Alleather.Toure@Perkins.org
Fax: 617-972-7334