Benefits of Giving

Benefits of Giving

A gift plan can provide you substantial tax benefits, especially when you give stock or real estate. Depending on your situation, you may save income taxes, capital gains taxes, probate expenses and estate taxes.

 

In addition to supporting the mission of Ascension Michigan Foundation, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:

  • an income tax deduction
  • reduced capital gains taxes
  • reduced probate costs and estate taxes
  • income for life

Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of Ascension Michigan Foundation. 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 Ascension Michigan Foundation to all benefit.

We want to be sure that we can fulfill your wishes. If you have any questions, please contact:

Stan Simek
Director Foundation Development
313-343-7702
stanley.simek@ascension.org
Ascension Michigan Foundation

The information on this website is not intended as legal or tax advice. Please consult an attorney or tax advisor before making any planned gift.