Charitable income-tax deductions are based on the age of the beneficiary at the time of the gift and the rate of return of the investment fund. Gift Annuities Gift annuities allow the donor to receive a fixed income and also provide income tax benefits. There are two types to consider. Charitable lead trusts also provide tax benefits. Life Insurance Life insurance naming Jefferson as the owner and irrevocable beneficiary of the policy lets the donor make a gift which might not be possible in any other way.
Premium payments are deductible.
Donors may also give existing policies to Jefferson and claim a deduction for approximately the cash surrender value. Other Types of Gifts 9. Bequests Wills are a popular way to leave part or all of an estate to Jefferson. The gift can be unrestricted or directed toward a purpose of the donor's choosing. Bequests are excellent options for persons who need to retain full use of their estate during their lifetime or for persons without heirs.