Gifts of Life Insurance
You can contribute a life insurance policy to us by naming us as either the owner of the policy or simply as the beneficiary. If you name us as owner and beneficiary, you will be entitled to an income deduction limited to the lower of the value of the policy or your cost basis in the contract. In addition, if you continue to pay premiums on a policy that we own, you can deduct the premium payments.
Gifts of Real Estate
If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You can claim an income tax deduction based upon the fair market value of the property, avoid all capital gains taxes and remove that asset from your taxable estate. Or, you can transfer your home or farm to us now and continue to use the property for life. Due to the complexities involved, we encourage you to contact us to discuss any gift of real estate.
All information will be held in strict confidence. Planned Parenthood Association of Hidalgo County, Inc. is a tax-exempt, non-profit, 501(c)(3) organization. This publication is for general purposes only and is not intended as legal or financial advice. Planned Parenthood recommends that each person considering a planned gift consult with her or his own legal or financial advisor.
To let us know about a Planned Gift you have made or will be making, please email us at firstname.lastname@example.org.