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How Can I...?

This summary chart will give you a quick overview of many of the planned giving options available to you. Another page to consider if you are exploring Planned Giving for the first time is our Planned Giving factors. Please keep in mind that your individual circumstances need to be considered before taking any action. As with all tax and estate planning, please consult your attorney or estate specialist.

A primary question to consider first is have you made out a will? If you have not yet written a will, regardless of your charitable intent, please consider this.

If your goal is to:

Then you can:

And your benefits may include:

Make a quick and easy gift.

Simply write a check now, or give through our secure online process. An income tax deduction and immediate impact on us.
Avoid tax on capital gains. Contribute long-term appreciated stock or other securities. A charitable deduction plus no capital gains tax.
Defer a gift until after your lifetime. Put a bequest in your will (give us cash, specific property, or a share of the residue of your estate). Your donations are fully exempt from federal estate tax.

Receive guaranteed fixed income that is partially tax-free.

Create a charitable gift annuity.

Current and future savings on income taxes, plus fixed, stable payments.

Avoid capital gains tax on the sale of a home or other real estate. Donate the real estate to us, or sell it to us at a bargain price. An income tax reduction plus reduction or elimination of capital gains tax.
Avoid the twofold taxation on IRA or other employee benefit plans. Name us as the beneficiary of the remainder of the retirement assets after your lifetime. It lets you leave your family other assets that carry less tax liability.
Give your personal residence or farm, but retain life use. Create a charitable gift of future interest, called a retained life estate. It gives you tax advantages plus use of the property.
Receive some cash sales proceeds while making charitable gift Make a bargain sale Receive income tax deduction for gift portion, receive some cash and avoid capital gain tax on gift portion.
Make a large gift with little cost to you. Contribute a life insurance policy you no longer need. Current and possibly future income tax deductions.

Secure, fixed payments for life while avoiding market risks.

Create a charitable remainder annuity trust.

It gives you tax benefits and often boosts your rate of return.

Give income from an asset for a period of years but retain the asset for yourself or your heirs. Create a charitable lead trust. Asset is returned to the donor or heirs with federal estate tax savings and income tax deductions for income donated.
Create a hedge against inflation over the long term. Create a charitable remainder unitrust. Variable payments for life plus tax benefits.
Make a revocable gift during your lifetime. Name us as the beneficiary of assets in a living trust. Full control of the trust terms for your lifetime.

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for Open Door Mission by Future Focus. Please report any problems to section webmaster.
Revised: April 9, 2008 .

 
Open Door Mission is a Gospel Rescue Mission founded in 1954. Each day, Open Door Mission ministries provides 320 men, women, and children with safe shelter beds, serves nearly 1,500 hot nutritious meals, and provides preventive measures to more than 250 families living in poverty. to meet the basic physical needs of the hungry and homeless, the Open Door Mission’s day facility services provide free transportation from the downtown area to Open Door Mission and Lydia House. Open Door Mission offers life-changing programs for those recovering from life-altering addictions and abuse to break the cycle of homelessness and poverty.