Planned Giving: Gift Planning

Planned Giving

Overview

Gift Planning

Confidential
Reply Form

Glossary

Professional
Advisors

CFSEM

PGRT

Leave a Legacy

Emergency
Economic
Stabilization
Act of 2008

Gift Planning

What to give and how to give?

The following chart will help you determine the gift that is right for you and your individual circumstances. When considering a planned gift, or making a significant gift of any kind, you should always consult with your legal, tax and financial advisor. Michigan Opera Theatre's Planned Giving staff will assist you and your advisor in identifying those opportunities that are right for you.

Goal	Gift	How	Advantages
Make a quick gift	Outright gift	Donate cash, securities or other personal property to charity	Income tax deduction; avoid long-term capital gains tax; reduce estate tax liability
Give your personal residence but reserve life tenancy	Retained life estate	Deed ownership to charity but retain life tenancy	Charitable income tax deduction and lifetime residency
Give a gift only after your lifetime	Bequest	Leave a charitable gift in your will	Estate tax deduction for value of gift
Avoid double taxation on retirement assets	Gift of qualified retirement plans, including IRAs	Name charity as beneficiary of 100% of the balance	Avoid deferred income tax and estate tax
Avoid capital gain tax on the sale of residence or other real estate	Real estate gift	Donate the residence or real estate to charity or sale at bargain price	Immediate income tax deduction Avoid capital gain tax.
Make a meaningful gift at little cost to yourself	Life insurance gift	Designate the charity as owner and beneficiary	Immediate income tax deduction
Make a gift that provides income without the legal fees of trusts	Pooled income fund	Make a contribution to a pooled income fund	Income for life and partial income tax deduction in the year the gift is made
Make a gift that can be revoked during your lifetime	Living trust	Name charity as beneficiary of assets listed in a living trust	Control of assets and trust during your lifetime Possible estate tax savings
Secure a fixed income	Charitable Remainder Annuity Trust	Create a charitable trust that provides you with a fixed income	Immediate income tax deduction Fixed income for life Avoid capital gains tax
Create long term hedge over inflation	Charitable Remainder Unitrust	Create a trust that provides percentage of assets of trust, valued annually	Immediate income tax deduction Annual income for life Avoid capital gains tax
Give income to charity but retain principal heirs	Charitable Lead Trust	Create a charitable lead trust	Income tax deduction for income donation Federal estate tax savings when asset returned to heirs

Please call Kim-Lan Trinh, Associate Director of Development, Planned Giving & Major Gifts, at 313-237-3408, or email ktrinh@motopera.org, for more information and assistance.

For more information, please call Kim-Lan Trinh,

Associate Director of Development
Planned Giving & Major Gifts

(313) 237-3408

ktrinh@motopera.org

Wednesday, Nov. 12, 2008
Free Seminar
LEAVE A LEGACY

Presenters:
Dennis Mitzel, J.D.
Attorney
Berry Moorman P.C.

Registration &
light hors-d’oeuvres:
5:30 p.m. –6:30 p.m.

Program:
6:30 p.m. – 7:00 p.m.

Location:
Detroit Opera House
1526 Broadway
Detroit, MI 48226

RSVP by Nov 5
to Kim-Lan Trinh
at (313) 237-3408
or ktrinh@motopera.org

Seating is limited, so RSVP today!

A pair of tickets to a future opera or dance performance in Dr. DiChiera’s private box will be presented to one lucky attendee!