A cash gift is deductible on your tax return in the year the gift is made. Generally, the higher your tax rate, the greater your savings. Appreciated Stock or Other Property Giving appreciated assets to The Arc Nature Coast allows you to avoid capital gains tax on the appreciated portion if you had sold the asset. In most cases, you will be entitled to deduct the full fair market value, assuming the asset has been held long term. The Arc Nature Coast accepts gifts of life insurance existing or new policies.
Premiums still being paid on such a policy are also deductible.
There are many simple ways to include The Arc Nature Coast in your will or trust. There are also types of trusts that pay you income for life. When considering changes to your estate plan, we encourage you to consult your financial advisor for information on these types of planned gifts. Your contribution is tax deductible. A contribution acknowledgement letter will be sent to you upon receipt of your contribution.