Planned Giving, Gift of a Lifetime


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A Quick Guide to Legacy Gifts

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.

  1. ↓ Make a quick and easy gift

    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.

  2. ↓ Defer a gift until after you or your spouse's lifetime

    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.

  3. ↓ Avoid possible twofold taxation on IRA or other employee benefit plans

    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.

  4. ↓ Make a revocable gift during your lifetime

    Action: Name us as the beneficiary of assets in a living trust.

    Benefit: Full control of the trust terms for your lifetime.

  5. ↓ Avoid tax on capital gains

    Action: Contribute long-term appreciated stock or other appreciated securities.

    Benefit: A charitable deduction plus no capital gains tax.

  6. ↓ Avoid capital gains tax on the sale of a home or other appreciated real estate

    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.

  7. ↓ Receive guaranteed fixed income that is partially tax-free and delay capital gains

    Action: Establish a charitable gifts annuity.

    Benefit: Current and future savings on income taxes, plus fixed, stable payments.

  8. ↓ Secure, fixed payments for life with a hedge against inflation over the long term

    Action: Establish a charitable remainder unitrust.

    Benefit: Various payments for life plus tax benefits.

  9. ↓ Give your personal residence or farm, but retain life use

    Action: Create a charitable gift of future interest, called a retained life estate.

    Benefit: It gives you tax advantages plus use of the property.

  10. ↓ Make a large gift with little cost to you

    Action: Contribute a life insurance policy you no longer need.

    Benefit: Current and possibly future income tax deductions.

  11. ↓ Donate income from an asset for a period of years but retain the asset for yourself or your heirs

    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).

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Give with confidence! All donations to SAT-7 are tax-deductible. We are a 501(c) (3) non-profit organization and a member of the Evangelical Council for Financial Accountability. Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Legacy Giving section has been developed for SAT-7 by Future Focus. Please report any problems to section webmaster.

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