Planned Giving

Please take a moment to review the various philanthropic options which will benefit the children in our community, and you too! If you have questions, please call the Center at 512/756-2607, or e-mail Deborah Keith, Executive Director @ hccac@tstar.net.

Gifts of Cash

The simplest way to give. However, you can deduct a cash gift for income tax purposes only in the year in which you contribute it. Your cash gifts are deductible up to 50 percent of your adjusted gross income for the taxable year, but any excess is deductible over the next five years.

Appreciated Stocks, Bonds, Mutual Funds or Real Estate

The best stocks to donate are those that have increased greatly in value, particularly those producing low yield. Even if it is stock you wish to keep in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock. A stock portfolio is often the most valuable assets you own, and one that carries substantial capital gain-appreciated in value. The downside is assets that have increased in value over the years is that the federal government is prepared to levy taxes of up to 28 percent on your capital gain. With careful planning, you can reduce or even avoid federal capital gains tax.

Gifts of Life Insurance

You can donate a life insurance policy to us or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary.

Charitable Bequest in Your Will

Naming the CAC or one of our programs, in your will positively affects the inheritance taxes on the remainder of your estate.

Using one of the Planned Giving options listed above may positively impact your current taxes and reduce potential capital gains or inheritance taxes.

The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.