Often donors don’t realize all the benefits that planned giving can bring to an individual and the charity that they support. You can leave a legacy behind by ensuring that Isha’s life transforming work continues beyond your lifetime.
Planned giving involves providing for a future gift to charities through your financial and estate plans while gaining from several tax benefits.
There are several ways to make your planned gifts. Some of the options include contribution through your will, charitable trust, insurance policy, or retirement plan. You should always consult your financial, tax and legal professional for guidance on your individual financial situation before making such contribution.
A charitable bequest is a gift of property or a sum of money given through your will. Charitable gifts made through your will are 100 percent deductible for estate tax purposes. Bequests may be written as a percentage, residual, or specific monetary amount.
Gifts of life insurance are an excellent way to support Isha. You may name Isha as the owner and beneficiary of an existing life insurance policy that may no longer be needed for its intended purpose. You can take an immediate federal tax deduction for the approximate cash value of the donated policy. Isha will immediately begin to receive the dividends from the policy and will ultimately receive the insurance proceeds as well.
You may name Isha as beneficiary of all, or a portion of, your retirement account assets such as your IRA, 401(k), 403(b), Keogh, or other qualified plan.
Once you decide you would like to support Isha’s work, simply provide your attorney with our legal designation language:Isha Foundation, Inc.
951 Isha Lane
McMinnville, TN 37110
Isha Foundation, Inc. is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Isha Foundation’s tax identification number is 62-1794866 .
If you are interested in making a planned gift or like to discuss further, please contact Usha Doshi at 931-668-1900, or firstname.lastname@example.org.
Other Ways to Give
Your continued support is the pathway to realize global harmony through individual transformation. We would like to make it easy and convenient for you to donate in whatever way is most convenient for you.
|Phone or Mail||Donate Auto or Goods||Shop to donate|
|Employer Matching Gift||Stocks, Securities and Mutual Funds|
For all donation related questions, please contact 931-668-1900 or email email@example.com.
Attn Finance Team,
951 Isha Lane,
McMinnville, TN 37110
Giving long-term (held for more than a year) appreciated stocks to Isha creates a win-win situation for you and Isha. This allows you to keep your taxes as low as possible while making the largest possible contribution. Besides, by donating stock instead of cash, you can:
- Double up on tax benefits: Gain on charitable deduction, plus avoid the tax on appreciation
- Retain cash flow: You are making meaningful contribution without compromising on your current income level
To proceed with stocks donation, click here.
Example worksheet demonstrating stock donation tax benefit:
|Donated as cash after stock sale||Donated as stocks directly|
|Original stock price||$5,000||$5,000|
|Stocks sold at current market value||$20,000||$20,000|
|Gain in market value||$15,000||$15,000|
|Taxes @ 20% long term capital gain rate||$3,000||$0|
|Net cash donated||$17,000||$20,000|
|Charitable tax deduction @28% tax bracket||$4,760||$5,600|
|Net Tax savings||$1,760||$5,600|
|Stock donation advantage in tax savings||$3,840|
For additional details, contact Srimathi Srinivasan at 901-668-1900 or firstname.lastname@example.org
Note: Isha does not provide legal, tax or investment advice. Please consult your professional advisor for your specific situation.