There are just a few steps needed to start planning your gift:
Legal Name: CESC, Inc.
Address: 2650 Municipal Way, Tallahassee, FL 32304
Federal Tax ID Number: 47-4589916
An IRA Charitable Rollover is a type of gift that would be put to immediate use, so you can see the impact of your gift during your lifetime. A gift from your IRA can satisfy your Required Minimum Distribution and the gift amount may be excluded from your taxable income. Your qualified charitable distribution incurs no federal income tax, and the asset is no longer part of your estate for tax purposes.
If you are 72 years old or older, then you qualify to take advantage of this opportunity and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity, such as CESC, Inc., without having to pay income taxes on the gift. The transfer would not create taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. This type of gift cannot be deferred or implemented prior to the qualified age.
Name CESC, Inc. as full or partial beneficiary of a life insurance policy.
Naming CESC as a beneficiary of your retirement account (401(k) or IRA) is an easy way to make a significant, lasting gift that may not be possible during your lifetime.
Designate a gift amount or portion of your estate to CESC in your will or trust.
CESC has an endowment held at the Community Foundation of North Florida. Contact the Community Foundation to donate to the CESC endowment directly.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.