Other (IRA/Life Insurance/Real Property)
Other strategies for planned giving include:
IRA or Qualified Plan.
At death, retirement plan or IRA balances are included for estate and income taxes - often up to 85 percent. Funding a charitable bequest with an IRA or retirement plan prevents the bequest from becoming a liability of the estate, and the gift is made with pre-tax dollars.
Life Insurance Policy.
Life insurance makes it possible for virtually everyone to make a meaningful gift. Policies that were never used for their original purpose can make excellent gifts when given to a charity. The donor can deduct the replacement value of the policy or the cost basis. Some people find they can make a much larger gift by purchasing a life insurance policy and naming the charity as owner and beneficiary.
Real Property for Lifetime Use.
A gift of real estate can be made to a charity while providing the donor with lifetime use of the property. At time of death, the property is an asset of the charity and is excluded from the donor's estate.