Center for Study of Economics - Planning - Philadelphia, PA
Center for the Study of Economics - Company Message
Dontation Options to consider
 
IRA charitable rollover returns for 2013: Donors aged 70½ or older are eligible to move up to $100,000 from their IRAs directly to qualified charities without having to pay income taxes on the money. You may make a qualified charitable distribution on or before Dec. 31, 2013, to qualify for a 2013 gift. Because this legislation was enacted in 2013, Congress provided two special transitional rules for 2012 gifts: 
  1. Qualified distributions made before Feb. 1, 2013, may be counted retroactively for the 2012 tax year.
  2. A taxpayer who took a distribution from the IRA in December 2012 may make a contribution to a qualified charity before Feb. 1, 2013, and treat that as a direct transfer.
 
Perhaps you'll consider including a gift to the Center for the Study of Economics in your will or living trust. These gifts are better known as a charitable bequest. Following are the benefits this type of gift provides:
  • Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for CSE is: "I, [name], of [city, state, ZIP], give, devise and bequeath to the Center for the Study of Economics [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
  • Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
  • Versatility. You can structure the bequest to leave a specific amount of money or leave a percentage of your estate to CSE.
  • Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
 
 
Charitable Remainder Trustyou can receive income each year for the rest of your life from assets you give to the trust you create. Your income can be either variable or a fixed amount. After your lifetime, the balance in the trust goes to the charities of your choice.
Your Possible Benefits
  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance
 
The information on this website is not intended as legal or tax advice. Therefore, we encourage you to speak with your legal and/or tax advisor prior to selecting one of these donor options.
 
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