Below are some ways that you can help to support the Humanist Society of Greater Phoenix (HSGP).
HSGP is a 501(c)(3) organization. Contributions to HSGP are tax-deductible in accordance with Federal law.
For more information, please email us at email@example.com.
INTER VIVOS GIFTS
HSGP receives gift while you are alive.
Check – Let’s not overlook the obvious. We’re always happy to receive a check.
Appreciated securities – You receive an income tax deduction for the value of the appreciated securities. No income taxes are paid on the appreciation of the securities donated to HSGP.
PROBATABLE TESTAMENTARY GIFTS
HSGP receives gift through probate, after you have passed away.
Will – You create a will, naming HSGP as a beneficiary.
Codicil – You amend an existing will by executing a codicil, naming HSGP as a beneficiary.
NON-PROBATABLE TESTAMENTARY GIFTS
HSGP receives gift without probate, after you have passed away.
Payable on Death account (POD) – You have bank accounts transferred to HSGP after you pass away.
Beneficiary designation on retirement account – You name HSGP as a beneficiary, or as a contingent beneficiary, of your IRA, 401(k), or other retirement plan. No income taxes are paid on the funds given to HSGP.
Transfer on Death registration (TOD) – You have after-tax securities accounts transferred to HSGP after you pass away.
Beneficiary designation on life insurance policy– You name HSGP as a beneficiary, or as a contingent beneficiary, of a life insurance policy, including Employer’s Group Term life insurance.
Beneficiary of Living Trust - You name HSGP as a beneficiary, or as a contingent beneficiary, of a Living Trust.
INCOME-GENERATING TESTAMENTARY GIFTS
You receive income for life. HSGP receives the funds remaining after you pass away.
Charitable Gift Annuity (CGA) – Simple, and with no expense. You bear no market risk.
Charitable Remainder Trust (CRT) – More complicated, and has expenses. You bear market risk.
ESTATE PLANNING TECHNIQUES
These techniques are used by people with estate tax issues.
Gift of home, with Life Estate – You gift your home to HSGP, but reserve the right to live in it for the rest of your life. You get an income tax deduction for the value of the home minus the value of the life estate. When you pass away, the home is not subject to estate taxes because it is not in your estate.
Charitable Lead Trust (CLT) – You put assets into the trust. HSGP receives income from the assets of the trust during your lifetime, and your beneficiaries receive the assets after you pass away. Charitable Lead Trusts are used to reduce or eliminate gift or estate taxes on the assets put into the trust and ultimately received by your beneficiaries.