This summary chart will give you a quick overview of many of the legacy giving options available to you. Please keep in mind that your individual circumstances need to be considered before taking any action. As with all tax and estate planning, please consult your attorney or estate specialist. Return to the Legacy Giving home page.
A primary question to consider first is have you made out a will? If you have not yet written a will, regardless of your charitable intent, please consider this.
Action: Simply write a check now, or give through our secure online process.
Benefit: An income tax deduction and funds we can put to immediate use.
Action: Add a bequest to your will or trust (give cash, specific property, or a share of the residue of your estate).
Benefit: You retain control of your assets. There may be a reduction in estate taxes.
Action: Name SAT-7 as the beneficiary of the remainder of the retirement assets after your lifetime.
Benefit: It lets you leave your family other assets that carry less tax liability.
Action: Name us as the beneficiary of assets in a living trust.
Benefit: Full control of the trust terms for your lifetime.
Action: Contribute long-term appreciated stock or other appreciated securities.
Benefit: A charitable deduction plus no capital gains tax.
Action: Donate the real estate to SAT-7 or sell it to us at a bargain sale.
Benefit: A charitable tax deduction with the possibility of reducing or eliminating capital gains tax.
Action: Establish a charitable gifts annuity.
Benefit: Current and future savings on income taxes, plus fixed, stable payments.
Action: Establish a charitable remainder unitrust.
Benefit: Various payments for life plus tax benefits.
Action: Create a charitable gift of future interest, called a retained life estate.
Benefit: It gives you tax advantages plus use of the property.
Action: Contribute a life insurance policy you no longer need.
Benefit: Current and possibly future income tax deductions.
Action: Establish a specialized charitable lead trust.
Benefit: Asset is returned to the donor or heirs with federal estate tax savings and income tax deductions for income donated.
For additional information or a confidential discussion of your charitable options, please email or call the Vice President for Finance and Administration, Ruth Thomas, at 410-770-9804 or toll-free 1-866-744-SAT7 (7287).
P.O. Box 2770, Easton, MD 21601 USA | 866-744-7287 | Contact Us