Girl Scouts of Eastern South Carolina

Other Gifts

Climbing Wall

IRA Rollover extended through 2009!

The Individual Retirement Account (IRA) Rollover allows you, as a taxpayer, to donate up to $100,000 annually from your IRA tax free to Girl Scouts of Eastern South Carolina ! You will not get a tax deduction for the gift, but the money is excluded from taxable income when computing your taxes...so the effect is the same.

 

 

IRA Rollover provision and its limitations:

  1. Only taxpayers age 70 1/2 can take advantage of the provision.
  2. It only applies to gifts made in tax years 2006 and 2007.
  3. The maximum amount that can be rolled over tax-free each WW is $100,000.
  4. The provision only allows for direct, cash gifts to a qualified, 501(c) (3) charitable organization.

Gifts of Cash

If you itemize, you can lower your income taxes simply by writing us a check. Gifts of cash are fully deductible - up to a maximum of 50% of your adjusted gross income.

Gifts of Stock

If you own stock, it is often more tax-wise to contribute stock than cash. This is because a gift of appreciated stock generally offers a two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of the stock. second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift.

Gifts of Life Insurance

A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. To receive a deduction, designate Girl Scouts of Eastern South Carolina as both the owner and beneficiary of the life insurance policy. Check with your insurance agent for the details.

Bequests

Girl Scouts of Eastern South Carolina can be named as beneficiary in your will in any of the following ways:

  1. An outright gift
  2. With a designated dollar amount of a percentage of the value of your estate, or
  3. We can be named as a remainder beneficiary to receive funds only after specific sums have been paid to individual beneficiaries.
  4. Check with your estate attorney to learn more.

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