General Orientation to Gift Planning
- Planned Giving 101
A general education website that reviews commonly asked questions about planned giving and includes a glossary of planned giving terms. Published by the Central Ohio Planned Giving Council.
Though the general Internal Revenue Service website will point you in the right direction to answer your questions, the following publications and forms are most likely to be useful to you and your financial advisor in understanding the tax implications of a donation.
- IRS Publication 526, Charitable Contributions
A broad overview of the tax implications of charitable contributions, including classifications of deductible contributions, timing of deductions, limits on deductions, and reporting standards.
- IRS Publication 561 (4/2007), Determining the Value of Donated Property
An outline of the proper procedures to determine the fair market value of donations in the form of stock, options, real estate, and personal property.
- “Non-Cash Charitable Contributions” (IRS Form 8283)
Annual form to be filed by donor in order to substantiate federal tax deductions.
- Instructions for Form 8283
Instructions to aid in personal filing of Form 8283, as described above.
Detail on Life Income Gifts
As complex financial and legal instruments, life income gifts can be confusing. The following organizations – the American Council on Gift Annuities and the Planned Giving Design Center (administered by the Community Foundation for Southeast Michigan) – give a next level of detail beyond that which is included on our website. Alternatively, feel free to reach out to
- Donor’s Center at American Council on Gift Annuities
A donor’s perspective from the American Council on Gift Annuities. Includes explanations of what gift annuities are, factors affecting payment size, tax implications, and gift annuity rates.
- Charitable Gift Annuities at the Planned Giving Design Center
More detail on annuities, with particular coverage of deferred annuities and establishing the present value of a gift annuity contribution.
- Charitable Remainder Trusts at the Planned Giving Design Center
An extensive explanation of charitable remainder trusts, including a discussion of tax implications, operational considerations and investment considerations.
- Charitable Lead Trusts at the Planned Giving Design Center
Focuses on the technicalities of deductions and taxation of charitable lead trusts.