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Leave a Legacy

Type of Gift Definition Tax Benefits Additional Benefits
Bequests Gifts you make by naming a charitable organization in your will Estate tax deduction for the value of your bequest to the charitable organization Gives you flexibility in providing for family needs first
Retirement Plan Assets Gifts made by naming a charitable organization as remainder beneficiary after your death Avoids income tax on the plan, in addition to possible estate tax Preserves plan’s value and allows you to leave heirs less costly bequests
Real Estate Donations of real property, either in full or with a retained life estate Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax due Can allow you to live in your home and still receive charitable deduction
Life Insurance  Gifts of old or new policies with a charitable organization named as beneficiary and owner Immediate income tax deduction for gift’s value, plus possible estate tax savings Provides a way to make a significant gift with little expenditure
Charitable Annuities Gifts of cash, appreciated securities, real estate or other assets that pay income to you or those you name Tax deduction, minimized capital gains tax liability Guaranteed payments
Charitable Remainder Trusts Trusts that pay a set income to you or those you name before a charitable organization receives remainder Income tax savings from deduction, no capital gains tax liability, possible estate tax savings Provides variable annual income for donor or other beneficiary
Charitable Lead Trusts Trusts that pay an income to a charitable organization for a period of years before you or heirs receive remainder Gift or estate tax savings for value of payments made to the organization Allows you to pass assets to heirs intact at a reduced cost


For more information about planned giving and the Paul M. Fye Society, please contact Jim Flynn, Director of Major Gifts and Planned Giving at (508) 289-2018, or at jflynn@whoi.edu.