Gifts of Real Estate
If you own real estate that is fully paid off and has appreciated in value, an outright gift of that property to Can Do Canines may be the simplest solution to your giving objectives. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm to us now and keep the right to use the property for your lifetime and that of your spouse.  

Gifts of Life Insurance
You can donate a life insurance policy to Can Do Canines or simply name us as the beneficiary. For the gift of a paid-up policy, you receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary. 

Gifts of Cash
While a gift of cash to Can Do Canines is quite simple, it’s deductible for income tax purposes only in the year in which you make it. The deduction is up to 50 percent of your adjusted gross income for the taxable year, with any excess deductible over the next five years. 

Gifts of Securities: Closely-Held Stock
Closely-held stock—that which is not publicly traded—can be used as a charitable gift to us, even if you want to maintain a controlling position in the stock. 

Gifts of Securities
The best stocks to donate to Can Do Canines are those which have increased greatly in value, particularly those producing a low yield. Even if you wish to keep them in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction, but will have a new, higher basis in the stock. 

Gifts of Retirement Plan Assets
People who have planned carefully for their retirement may find that the assets in their IRAs and other qualified plans exceed their needs.  You can designate the assets remaining in the plan after your death to Can Do Canines.  This strategy can be far more advantageous than having those assets included in your taxable estate or leaving them to heirs, which could be taxed at a cumulative rate of over 65%.

Highlights:

• No estate tax is due on the retirement plan assets that pass to Can Do Canines
• The gift will qualify your estate for a charitable deduction
• The funds may be used to establish a life income trust for a person of your choice