How Generous People Save Taxes
Savvy Giving Options You Should Know!
Care to know a secret?
Generous donors just like you are giving to the Beacon Hill Foundation in savvy ways that have a tremendous impact AND reduce their taxes!
If you own stock, real estate, business interests, or commodities, you, too, can get in on the tax-saving action!
When you give non-cash assets to the Beacon Hill Foundation, you will receive a fair market value deduction at the time of your gift. You’ll also avoid tax liability on the sale of appreciated assets. It’s more cost-effective than giving cash!
What’s more, many supporters give non-cash assets to establish what’s called a “life income gift.” By doing so, you can eliminate taxes, give assets you no longer need or want to manage (such as real estate or business interests), and receive steady income payments for you and your loved ones. It’s a great way to support the Beacon Hill Foundation while caring for your family’s needs.
Ready to learn more about all the smart and powerful giving options available to you? Call Andi Allen at 616-608-8285 or email her at: andi.allen@beaconhillgr.org
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