December 2009 E-Newsletter - Tax Benefits to Holiday Giving

We know that there are many worthy causes competing for your giving this holiday season, but your contribution to the Parkinson’s Action Network (PAN) will help give voice to more than a million people living with this disease.

In addition to providing a united voice to help end Parkinson’s, supporting PAN can provide special tax benefits.  As you get ready to make your year-end gift, please keep in mind that you can receive additional economic benefits from gifted assets.  Individual circumstances vary and tax laws do change.  Always consult your tax advisor regarding tax benefits to any contribution.

There are various ways to accomplish this:

Gifts of Cash:  There is no easier way to garner a charitable deduction and support PAN at the same time than by simply writing a check or giving online.  Donations made by December 31, 2009 will qualify as a year end gift even if it is not received by us until the first week of the new year.  If you itemize your tax deductions, gifts of cash may be fully deductible up to 50 percent of your adjusted gross income.

If you would like to mail a gift to PAN send to:
1025 Vermont Avenue, NW, Suite 1120
Washington, DC  20005

Giving online is quick, easy, and secure:

You can also make a direct donation in honor of a loved one for the holidays.  It’s an easy and meaningful way to honor the special people in your life.  You can do this online or make a notation when you send in your check.

Gifts of Appreciated Stocks or Bonds:  Giving long term (held more than one year) appreciated stocks or bonds avoids the capital gains tax and may enable you to receive an immediate tax deduction based on the full fair market value of the securities on the date of transfer.  If you itemize your tax deductions, gifts of appreciate stocks or bonds may be fully deductible up to 30 percent of your adjusted gross income.

Gifts of Real Estate:  If you have owned your home, a vacation home, acreage or a farm for many years, a charitable gift of that real estate can be especially tax advantageous. The property may have so appreciated in value over the years that its sale would result in a sizeable capital gains tax.  If given to PAN you avoid the tax and, at the same time, may realize a charitable deduction for the full fair market value of the real estate.

Gifts of Life Insurance:  Naming PAN as the owner and beneficiary of an established or new life insurance policy usually offers you a tax advantage in the year you make the gift.  If the policy has a cash value, take a charitable deduction approximately equal to the cash value at the time of the gift.  In addition, if annual premiums are still to be made and you continue to pay them, those premiums may be tax deductible each year.

Bequests:  While you're considering your end of year tax savings, this may also be a good time to consider long-term tax savings.  The federal estate tax can still take approximately 50 percent of one's estate at the time of death (depending on your individual situation).  We hope you will consider a charitable bequest in your will to benefit us while you save estate tax dollars at the same time.

PAN would be pleased to provide you with additional information and assistance.  For more information about these or other gift options contact Craig Evans, Director of Development/Individual Giving, at 202-638-4101, ext. 108 or via email at [email protected].

Have a happy holiday, and we hope you will consider PAN in your year end giving plans!

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