OUTRIGHT GIFT TO THE CHARITY If you would like to donate a lump sum of money and do not need to receive a stream of income from the gift, an outright gift may be the quickest solution. It will also provide the charity with the immediate benefit of the gift without any ongoing administration by either party. By making an outright donation, you are able to take advantage of an income tax deduction for that year. Additionally, you no longer own the cash or property, so it is not subject to estate tax upon your death. With so many deserving charitable organizations and multiple ways of delivering your charitable gift, charitable planning can seem a little daunting. Call us today to discuss your charitable objectives. We are here to work with you, your CPA, and your financial advisors to craft the best strategy for you to leave a lasting legacy.