There are almost as many variations on ways to make a donation as there are needs to be met. Please explore this chart to discover new ways to make a gift to Broward College that also takes into consideration your personal circumstances, your goals and the needs of your heirs.
Your Gift | Your Goal | How to Make the Gift | Your Benefits |
Outright Gift of Cash | Make a quick and easy gift | Write a check or make a cash donation now | Immediate income tax deduction |
Bequest | Defer your gift until after your lifetime | Name Broward College Foundation in your will (for a specific amount, percentage, or residue of estate) | Donation is exempt from federal tax |
Revocable Living Trust | Make revocable gift during your lifetime | Name Broward College Foundation as beneficiary of assets in living trust | You maintain control of trust during your lifetime |
Outright Gift of Securities | Avoid tax on capital gains | Gift of long-term appreciated stock or other securities | Immediate income tax deduction and avoidance of capital gains |
Outright Gift of Personal Property | Share your enjoyment of a collection or other personal item(s) | Gift is a tangible personal property that relates to Broward College’s tax exempt mission | Charitable tax deduction is based upon fair market value |
Gift of Life Insurance | Make a large gift at little cost to yourself | Change ownership or beneficiary to include Broward College Foundation | Possible current income tax deduction and future deductions if paying premiums |
Gift of Retirement Assets | Avoid double taxation | Name Broward College Foundation as a beneficiary of residual after your lifetime | Provides for a way to gift highest taxed asset to allow for better distribution of assets to beneficiaries |
Gifts of Real Estate | Gift unneeded asset and receive an income tax deduction | Donate or sell property to Broward College Foundation at a bargain price | Immediate tax deduction and reduction or elimination of capital gains taxes |
Retained Life Estate | Give your personal residence but continue to live there | Designate partial ownership of property to Broward College Foundation, but continue to live there | Charitable gift deduction of gifted portion and lifetime use of property |
Charitable Remainder Unitrust | Create a hedge against inflation over the long term | Create a trust that pays a fixed percentage of the trust’s assets as revalued annually | Receive a variable income for life and immediate income tax deduction |
Charitable Remainder Annuity Trust | Secure a fixed and sometimes increased income | Create a trust that pays you a set income annually | Immediate income tax deduction and fixed income for life, often at a higher rate of return |
Charitable Gift Annuity | Supplement income with steady payments that are partially tax-free | Enter into a charitable gift annuity contract that pays a set amount for life | Current and future savings on income taxes and fixed payments for life up to two beneficiaries |
Charitable Lead Trust | Reduce gift and estate taxes on assets you pass on to your children and grandchildren | Create a charitable trust that pays a fixed or variable amount to Broward College Foundation for a specific term of years; principle is retained for your heirs | Reduces your taxable estate |