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Through a personalized planned giving arrangement, you can assure yourself a lifetime income, realize major and immediate tax savings, pass important assets to your children and leave the legacy of a better community. Planned gifts can pay you, someone you care about, or both for a specified time. Such gifts may postpone, reduce, or even eliminate capital gains, gift, estate, transfer, and income taxes. Federal law encourages planned giving by offering you important tax benefits for your gifts. The following information outlines a brief synopsis of various planned giving programs.


Although gifts of cash are the most convenient and common way to support The Miami Project, other assets may make equally valuable donations. All gifts provide federally encouraged tax savings.


Publicly Traded Securities
Tax savings increase when you give highly appreciated stock to The Miami Project. This is because the fair market value of the gift is deductible, and there is no tax on the capital gain. It may be possible to get a higher return on your stock by giving the shares to The Miami Project in return for a specific income.


Closely Held Stock
Stock in a family owned business may be given to The Miami Project. You receive an income tax deduction for the value of the stock. At some point in the future, your company may want to purchase that stock back from The Miami Project or exercise a right of first refusal. Substantial gifts may require an independent appraisal.


Life Insurance
Gifts of life insurance may be made by purchasing a life insurance policy and making the Miami Project its owner and beneficiary. You receive a tax deduction for the annual premiums you pay. You may also contribute an existing policy and can deduct from your taxes its cash surrender value. If you donate the ownership of a full paid policy, you may receive a tax deduction for its replacement value.


Bequests are simply gifts made through a will or trust. The vast majority of charitable gifts and bequests are motivated by the donor's desire to provide financial support for the charitable beneficiary. However, tax rewards can also be important. In certain cases, tax benefits can permit donors to give more to their charitable causes at significantly less after-tax cost to their other beneficiaries. Every dollar that is given to The Miami Project through a bequest or other testamentary gift is fully deductible for federal estate tax purposes.


If you would like to place The Miami Project in your will, please include the following language:


I bequeath the sum of _____ dollars to the University of Miami, a charitable organization located in Coral Gables, Florida to be used only by The Miami Project to Cure Paralysis.


Real Estate
Gifts of real estate include homes, condos, apartments, rental property, undeveloped land, farmland, mineral rights, or a fraction interest in any of these. Your gift of land may alleviate the responsibilities of managing the property or the cost of selling it. It is possible to make the gift to The Miami Project, receive a tax benefit, and reserve the right to use the property throughout your lifetime.


Personal Property
Gifts of personal property include works of art, jewelry, oriental rugs, family silver, antiques, and yachts. These often make attractive gifts because they are no longer used regularly, are costly to insure and are difficult to sell.


To further discuss planned giving options or if you have any questions, please call our Director of Annual Giving at (305) 243-7147.



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