Frequently Asked Questions
Through your living trust , you can also designate a gift to the .
2. What sort of gift plans also provide payment benefits
You have the option of making a gift that returns income to you, your spouse, or other individuals, such as a .
3. What tax deduction will I receive for
Your tax benefits will depend on several factors: the type of gift, the time at which it is made, whether it is outright or deferred, and whether it includes income payments. In general, though, here are some guidelines:
4. I want to set up a life insurance policy,
name the as beneficiary, but retain ownership
of the policy. Can I deduct the premium payments I make?
No. The IRS would not consider that a "completed gift" – they'd say that, as the owner of the policy, you could change the beneficiary designation to a friend or family member. ADLF must be made the irrevocable owner of the policy for gifts offsetting premium payments to be deductible.
5. I’ve heard that transferring gifts
of IRA assets to charity is advantageous. Why?
Qualified retirement plans such as IRAs, 401(k), 403(b), and Keoghs allow individuals to defer paying taxes on a portion of their income until the assets are withdrawn during retirement years. However, after a person's death, these accounts are exposed to income and in some cases estate taxes, at a combined rate that could rise to 75% or even higher on large taxable estates. The only way to avoid both income and estate tax on your retirement plan is to give those assets to a charity. By designating the as your beneficiary, you will ensure 100% of the value of your account benefits the .
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.