Gifts That Protect Assets
Increased income may not be your primary objective. Instead, as your needs and lifestyle change, you may be wondering how you will deal with some highly appreciated property or a growing family business. Will taxes consume much of the value that you have worked so hard to grow? Will anything be left for you and your family?
We have several options that help you meet your personal goals, save on taxes, and make a gift to Covenant House Washington at the same time.
Here are some of the benefits you can take advantage of:
- You can contribute your personal residence or farm, take a significant income tax deduction, and continue to live there for life.
- You can sell us your home, farm or other asset for less than its full value and then take an income tax deduction for the difference. It is also possible to receive some payments for life.
- You can receive a sum of cash in return for your gift, and apply the cash toward any financial need.
- You can greatly reduce the estate tax cost of passing appreciating assets on to your children.
Popular Giving Arrangements
Charitable Bargain Sale
Your lifestyle is changing. You want to make a gift to us, but you also need cash to meet your obligations, or an assured stream of income for retirement. Learn more about a Charitable Bargain Sale.
We can show you creative ways to use your assets to benefit Covenant House Washington, while at the same time preserving the benefits of those assets for you and your family.