We commonly receive gifts in the form of cash, checks and electronic transfers. Cash gifts can be convenient for many people and are easily recorded through receipts and bank records. Remember that it is important to save all receipts for tax purposes.
Noncash Gifts: Enjoy More Savings
Many supporters of Romanian League in Defense of Animals, Inc choose to make their charitable gifts in forms other than cash. Popular examples include:
Giving stocks, bonds or mutual funds that have increased in value may help you reduce taxes and conserve cash.
- Retirement plan distributions
These assets can be a practical resource for charitable gifts now or in your long-range estate plans.
- Life insurance policies
Using life insurance for gifts to Romanian League in Defense of Animals, Inc can be a convenient way to make a tax-effective gift.
- Real estate
An often overlooked resource, real estate can be an excellent way to make a meaningful gift that could enhance your income or generate tax savings.
- Other items of value (jewelry, artwork, collections, antiques, automobiles, etc.)