Provide Gifts from Your Will or Trust, Gifts of Stock and Appreciated Assets

Gifts from Your Will or Trust, Gifts of Stock and Appreciated Assets

Giving a legacy donation to RSN will help you continue to support a cause you love. Your on-going support will help RSN continue to provide hope to people who have kidney disease and their families. Your gift may also provide tax savings or help reduce the tax burden for your heirs. Here are a few ways to help support RSN’s programs through a will, living trust or gifts of stock and appreciated assets.

How to Provide Gifts from Your Will or Trust

Sample language for including RSN in your will or living trust:

“I hereby give to the Renal Support Network, a California not-for-profit corporation, with its principal place of business at Glendale, California: the sum of $________________ [amount] AND/OR the following described property: ________________ [description] AND/OR________% [percent] of the residue of my estate. This gift is for the unrestricted use of Renal Support Network. OR this gift is designated for ___________________ [describe purposes such as Prom, patient education, outreach.”

Make your bequest unrestricted or direct it to a specific purpose.

Indicate a specific amount or a percentage of the balance remaining in your estate or trust.

 

Gifts of Stock and Appreciated Assets To RSN

Transfer your appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to RSN.  RSN sells your securities and uses the proceeds for our patient centered programs.

Many people don’t understand the advantages of giving appreciated stock versus cash. They can take an immediate tax deduction for the full market value of the stock and avoid the capital-gains tax they would owe by cashing in the securities.  You pay no capital gains tax on the transfer when the stock is sold.  Giving appreciated stock can be more beneficial than giving cash. The “cost” of your gift is often less than the deduction you gain by making it. You receive an immediate income tax-deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).  A $5,000 cash gift and a gift of $5,000 in appreciated securities both generate the same charitable deduction.

Important Tip: Don’t sell the stock first. Even though you may give us the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.

We are pleased to speak with you in confidence about the opportunities available to support RSN. We are also happy to share more information with you about planned-gifts and how they can meet your personal, financial and philanthropic goals. Contact us online or at info@RSNhope.org to learn more.

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