Over Age 70
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For the charitably inclined, certain types of gifts can provide solutions to taxing problems: |
Cash, check, or credit card
A gift of cash is easy to do, and the gift is not subject to gift or estate taxation. A contribution that you postmark in December is deductible for that tax year-even if the Nebraska Cultural Endowment receives it in January-provided the account against which the check was written had sufficient funds to cover it in December.
Charitable gift annuity
Support the Nebraska Cultural Endowment and receive a fixed income for life. In exchange for your gift, the Nebraska Cultural Endowment will provide payments for life to you or a beneficiary you designate.
Charitable remainder annuity trust
Provides for payment of a fixed dollar amount-annually or at more frequent intervals-to the designated beneficiary(ies). The amount must equal at least 5 percent of the initial fair-market value of the trust.
Charitable bequest
If you would like to make a substantial gift for the Nebraska Cultural Endowment but you do not have the current disposable income or assets to do so now, consider a charitable bequest.
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