Gift of Appreciated Stocks
You can transfer shares of appreciated stock to Vintage House and take a charitable deduction on your tax return in the amount equal to the value of your gift on the day of the transfer. Transferring stock with significant gains to Vintage House will allow you to avoid capital gains tax on the appreciated value of the stock.
Gift of Real Estate
An individual can take an income tax deduction for 100% of the fair market value of real estate held for more than one year. In addition, the capital gains taxes due if the property had been sold are by-passed when the real estate is gifted. The outright gift of the property reduces your taxable estate.
Gift of Life Insurance
If you have a policy that was purchased several years ago but the need for this coverage no longer exists, instead of cashing in the policy for cash, consider contributing the policy for the benefit of Vintage House. By changing the ownership and beneficiary of the policy to Vintage House, you will receive a charitable income tax deduction for the value of the policy.
Gift of an IRA
When you name Vintage House as the beneficiary of your IRA, 100% of the value of your account comes directly to Vintage House—tax free. When left to your heirs, individuals must pay taxes on funds as they are withdrawn. Ensure that 100% of the value of your hard-earned retirement savings is put to work helping seniors in need by naming Vintage House as a beneficiary.
You can name Vintage House in your estate plan by designating us as a beneficiary of either a percentage of your assets or a specific gift amount.