Gifts that may reduce your taxes

Retirement plan gift

You can reduce or even eliminate tax liabilities on your retirement plan by naming World Neighbors as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with World Neighbors.

Benefits include:

  • Eliminating potential estate tax on retirement assets.
  • Eliminating income tax on retirement assets funded on a pre-tax basis.
  • Receiving potential savings on estate taxation from a donation tax deduction.
  • To name World Neighbors as a beneficiary of your retirement plan, contact your plan administrator to see whether a change of beneficiary form must be completed.

Life insurance plan

If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for World Neighbors.

Benefits include:

  • Reducing your income taxes.
  • Receiving additional donation tax deductions by making annual gifts so that World Neighbors can pay the premiums or name us as a beneficiary, the proceeds of your policy will be paid to World Neighbors once the policy matures.

Gifts of real estate

You may decide that the greatest gift you can make is to leave your home or farm to World Neighbors. This kind of gift is ideal for people who intend to continue living in their home or property through their lifetime, but still want to make a charitable gift.

You can leave this generous gift by signing an agreement with World Neighbors about maintaining the property so you can use it throughout your lifetime. You may even receive a tax deduction for your gift.

Gifts of stock

Stocks, bonds and mutual funds that have appreciated in value are among the best ways to ensure that World Neighbors can help families and communities around the world.

You may receive a charitable income tax deduction for the full market value of the stock up to a maximum of 30 percent of your adjusted gross income and avoid paying the capital gains tax on any increase in the value of the stock.

Savings bonds

When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. You can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Since World Neighbors is tax exempt, 100 percent of your gift of savings bonds will support our mission.

Benefits include:

  • Reducing income tax.
  • Reducing income tax and estate taxes for your loved ones.

Please contact Robert Lachance at or 405-286-0805 if you have any questions. 

Consult with your tax advisor and lawyer to determine which planned gift strategy is right for you. 

Sustaining Partners

Through a planned gift, your legacy can provide World Neighbors with financial security that allows us to spend less time fundraising, and more time focusing on our mission.

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