Quick Gift Guide to Navian Hawaii
| Benefit to Donor | Gift Type | Possible Assets |
|---|---|---|
| Allows individuals 70½ and older to transfer up to $100,000 from their IRAs directly to a qualified charitable organization without being subject to income taxes on the distribution. | IRA Charitable Rollover Qualified Charitable Distribution (QCD) |
Individual Retirement Accounts (IRAs) only and not other types of retirement plans. |
| Proceeds not subject to income or estate tax. Estate tax deduction (if estate big enough) for their value. | Retirement Funds (Beneficiary Designation) |
IRA, 401 (k), 403(b), etc. |
| Income tax deduction. | Life Insurance (Charity owns policy) |
Life Insurance policy |
| Estate tax deduction (if estate big enough) | Life Insurance (Charity beneficiary but not owner) |
Life Insurance policy |
| Estate tax deduction (if estate big enough) for full market value. | Gift through Will or Living Trust (Bequest) | Any |
| Secure, fixed payments for life. Income tax deduction for portion of contribution. | Gift Annuity $10,000 min. Age 55 or older |
Cash, Publicly-traded securities. Maybe real estate. |
| Variable or fixed income for life or a term of years. Income tax deduction for present value of remainder interest. | Charitable Remainder Trust (Trustee sets minimum: $100,000+) |
Cash, Publicly-traded securities, Closely held C stock, Real estate |
| Income tax deduction, can continue using property. | Gift of Your Home (Retained Life Estate) |
Residence, Vacation home or Farm |