In addition to supporting the mission of Carnegie Mellon, a planned gift can provide you with substantial tax advantages, especially on gifts of highly appreciated assets, such as stocks and real estate. The total savings, inclcding income, estate and capital gains taxes as well as probate expenses, can be very significant to the preservation of your wealth. The benefits may include:
- Income Tax Deductions
- Reduced Capital Gains Taxes
- Reduced Estate Tax
- Income for Life
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that suits your needs, as well as the needs of Carnegie Mellon. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and Carnegie Mellon to all benefit.