Most of us wish to live a life of integrity and accomplishment and fulfill a desire to be remembered. Given the opportunity, many would like to make an important contribution that might improve the quality of life for others and leave their mark on the future.
What follows are descriptions of the various ways of making a tax-favored gift to the The Bobby Resciniti Healing Hearts Foundation, Inc. These methods may enable you to enhance your future financial well-being, while at the same time assuring that you have touched the lives of others for perhaps many generations to come.
You can benefit in a number of ways from carefully planning your charitable gifts. Tax planning is only one of the many factors that go into deciding how best to make your charitable gifts.
The following must be properly balanced to assure that you give what you can afford in light of your overall financial picture:
Giving the right amount. In deciding how much to give, it is important not to jeopardize your own financial well-being. You can often give more than you might have thought possible without risk to the financial security of yourself or your heirs.
Giving at the right time. Tax benefits can be enhanced by the careful timing of gifts. Because you can give whenever and as much as you wish, you have more control over the time and size of your charitable deduction than other deductions which you may itemize, such as home mortgage interest or medical bills.
Giving the right property. What you give can be as important as when you give and can have a great impact on how much you can give.
While most donors first think of writing a check when they give,
Charitable gifts may actually be made with many types of property.
- Gift of Cash
- Gift of Appreciated Securities
- Gift of Real Estate
- Gift of Life Insurance
- Life Income Plans
- Charitable Annuity Trust
- Charitable Gift Unitrust
- Charitable Lead Trust
- Testamentary Bequest
WOULD YOU LIKE TO KNOW MORE?
The Bobby Resciniti Healing Hearts Foundation does not render tax or legal advice. For specific answers to your tax or estate planning questions, we advise you to consult with your attorney, accountant or other professional adviser.
Thank you for your interest in The Bobby Resciniti Healing Hearts Foundation. For further information on The Bobby Resciniti Healing Hearts Foundation, please contact Bob Resciniti, President (561) 603-3819 or by email at Bob.Resciniti@AngelBobby.com
There is no relationship like that of parent and child. It is unique and special…The bond between parent and child is so powerful that its strength endures time, distance, and strife. No loss is as significant as the loss of a child…On the death of a child, a parent feels less than whole.
– ARNOLD AND GEMMA 1994, 25-27