Gifts That Reduce Your Taxes
You can help us work relentlessly to be rid of this disease. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.
Gift of Cash
Cash is the simplest asset to donate and the quickest way to make an immediate impact for MD Anderson Cancer Center. If you want to advance our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer.
Stocks and Other Securities
When you give securities (stocks, bonds, mutual funds), you may be eligible for a double tax benefit: 1) You receive an income tax deduction for the full current fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation, or increase in value, of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals.
When you redeem savings bonds, you will owe income tax on the appreciation. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to MD Anderson Cancer Center. Because MD Anderson is tax-exempt, 100 percent of your gift of savings bonds will go to supporting our shared mission to eliminate cancer.
If you choose to make an estate gift of savings bonds, you can reduce income and possibly estate taxes for your loved ones while creating your lasting legacy with MD Anderson.
A gift of your retirement assets, such as an employee retirement plan, IRA or tax-sheltered annuity, is an excellent, tax-wise way to support our mission. A gift of these assets can shield you or your heirs from taxes while funding MD Anderson Cancer Center.
Transfer ownership now:
To make an impact on our mission today, irrevocably designate MD Anderson Cancer Center as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.
If your policy is not yet paid up, you will make contributions of cash to MD Anderson to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.
Name us as a beneficiary:
You can name MD Anderson Cancer Center as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, MD Anderson will receive the proceeds of your policy when you pass away and you may reduce estate taxes for your loved ones. You can change your beneficiary at any time.
This gift is easy to arrange — simply request a beneficiary designation form from your life insurance administrator.
A gift of artwork, coins, antiques or other personal property can be an excellent way to support MD Anderson Cancer Center. The tax benefits of the gift depend on whether MD Anderson can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best meets your philanthropic goals.