Planned Giving
Establishing a planned gift today will enable World Harvest to provide critical services to children and families living in poverty for generations to come.
Planned giving options can easily integrate a charitable gift into a donor’s overall financial, tax and estate planning objectives.
Making a gift using one of these plans can maximize benefits to both the donor and World Harvest.
Planned gifts typically come from a donor’s assets rather than income, and these gifts can either be outright or deferred.
It is highly recommended that donors consult with their own tax or legal advisors prior to making a planned gift.
You may also contact our office if you currently don’t have any tax or legal advisors; World Harvest will be able to recommend you to one of our planned giving experts.
Call us at (626) 359-8500 or email us at: contact@worldharvest.cc
Planned Giving Options
Giving Appreciated Assets:
The simplest way to donate to World Harvest is through gifts of cash; however, this may not always be the most tax-efficient way to make donations.
Gifts of other assets, especially appreciated financial assets, may help you avoid capital-gains taxes.
Because World Harvest is a charitable tax-exempt organization, it can accept appreciated assets and then liquidate them without having to recognize capital-gains.
The donor, in turn, may be allowed to take a charitable deduction on their income tax reporting for the full value of all contributed assets.
An example:
A donor wishes to make a $10,000 contribution to Sponsor-A-Child.
He owns stock purchased some years ago for $1,000, which has a current market value of $5,000, giving rise to a capital gain of $4,000 ($5,000 - $1,000 = $4,000)
on which capital gains tax would be due if the stock were sold.
The donor could avoid paying any tax on the capital gain by contributing the stock directly to World Harvest.
And he is still eligible for an income tax deduction for the full $5,000 as a charitable gift.
Gifts of appreciated securities:
Donations of publicly traded stocks or other investments that you have held for more than one year generally escape capital gains taxes
and allow an income tax deduction based on the fair market value on the date of the gift.
Gifts of real estate:
Many real-estate holdings have appreciated greatly in recent years and may be subject to capital gains taxes if sold.
Donation of real-estate directly to World Harvest or through the use of a charitable remainder trust often minimizes these taxes and generally provides an income tax deduction.
Gifts of other assets:
Other assets-such as collectibles or personal property-are sometimes offered as donations to World Harvest and are considered on a case-by-case basis.
A donation of such assets may not be eligible for advantageous treatment as a charitable deduction if they are unrelated to the charitable purposes of World Harvest.
Acceptance of Gift:
All contributions of non-cash assets to World Harvest are subject to review by our tax and legal advisors.
Rarely would World Harvest accept gifts of assets that would incur risk or cost to the organization.
We always strongly recommended that you consult your tax and legal advisors before making financial decisions relating to charitable donations.
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