Gifts That Reduce Your Taxes

This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name The Leukemia & Lymphoma Society (Tax ID: 13-5644916) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward finding a cure for blood cancers.

A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding The Leukemia & Lymphoma Society (LLS).

Naming LLS as a beneficiary of your retirement assets generates no income taxes. Since LLS is tax exempt and eligible to receive the full amount, the full value of your gift will help save lives.

Life insurance is a valuable asset for making a charitable gift. You can make a gift of a life insurance policy without diminishing other investments or assets earmarked for family members. Since LLS is tax exempt and eligible to receive the full amount, the full value of your gift will help save lives.

You can donate appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property. This is an easy and effective way to reduce your taxes, protect your assets and fight cancer.