A planned gift can be a great way to support the valuable work of Conexus and provide financial benefits for yourself and your heirs. Please browse the following information to determine whether a planned gift to our sight saving fund is a good match for you.
Retirement Plan Assets
Since retirement plan assets may be subject to both income and estate taxes if left to your heirs, estate planners frequently recommend that you designate all or a portion of these assets to a charitable organization like Conexus. This may help you lessen the tax burden of your other assets for your heirs.
A Conexus gift annuity is an extraordinary way to make a gift, increase your income, and benefit from tax advantages all at the same time. Charitable gift annuities allow the benefactor to make a gift of significance while retaining income from the gift property during their lives.
By leaving the proceeds of an insurance policy to Conexus, they will not be subject to estate tax upon your death. Also, if you transfer ownership of the policy to Conexus during your lifetime, you may benefit from an income tax charitable deduction and you may be able to deduct the cost of future premium payments.
Designate Conexus in Your Will
Your will enables you to assist friends, worthwhile causes, institutions and others that the law omits. Please consider remembering Conexus in your will.
Charitable Remainder Trust
A charitable remainder trust pays income to you and/or your designated beneficiaries for life or for a trust term of up to 20 years. The remainder passes to Conexus. Your tax deduction is determined by your age, the amount and fixed rate of the trust, and the discount rate set by the IRS.
Charitable Lead Trust
A charitable lead trust makes payments to Conexus during the term of the trust. When the trust is over, its assets are paid to your heirs, to other individuals you choose, or are returned to you. This is a good way to pass assets to heirs while enjoying great tax benefits.
When you donate securities, real estate or other assets that have gone up in value you receive a double tax savings. You may deduct the full fair market value of the assets, if owned for more than one year, and avoid capital gains taxes on the increase.
To learn more, contact your financial advisor, attorney, or Conexus.
11618 Busy Street
Richmond, VA 23236
Tax ID: 46-5257732
This is not intended to be legal or financial advice.
Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of making a gift.