In addition to supporting the mission of W&L, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
- an income tax deduction
- reduced capital gains taxes
- reduced probate costs and estate taxes
- income for life
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of W&L. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and W&L to all benefit.
We want to be sure that we can fulfill your wishes. If you have any questions, please contact:
Jacqueline Painter
Associate Director of Gift Planner
540.458.8429
jpainter@wlu.edu
Washington and Lee University