- Retirement Plans
Retirement Plans, such as IRAs, 401Ks and KEOGHs are highly taxed to the surviving heirs, since these assets are subject to both income and estate taxes. These plans make excellent giving opportunities to the Chapter, which is not required to pay taxes and therefore benefits from the full value of the funds. A tax-wise giving strategy is to leave appreciated property to heirs and retirement proceeds to charity.
- Life Insurance
Life insurance offers an easy way to give an important gift. The National Multiple Sclerosis Society, Long Island Chapter can be named the beneficiary for all or part of the proceeds, or it can be made owner of an existing policy the donor no longer needs.
- Estate Taxes
You may save considerable federal estate taxes by donating estate assets directly to the Long Island Chapter - and you'll have the satisfaction of supporting a cause you know and care about. These gifts are deductible for estate tax purposes. Add up the value of your real estate, life insurance, savings, pension benefits and other assets to determine your taxable estate.
If you would like more information about estate gifts, please contact Pam Mastrota, President & CEO at 516.740.7227 or 631.864.8337 or email firstname.lastname@example.org.