Your donation to Gold Ribbon Rescue, a 501(c)(3) organization, may be tax deductible. For current tax deduction information, contact your tax advisor.
Remember, Gold Ribbon Rescue is a 501(c)(3) organization so all monetary donations are tax deductible to the extent that the IRS allows.
Many employers have Matching Gift programs which would double your donation.
This method conserves the donor's cash while helping to avoid capital gains tax on the sale of appreciated securities. The market value of the securities is deductible in the current year's tax return. The donor should consult with their tax advisor.
If you have a life insurance policy that is no longer required, transferring the policy to the Gold Ribbon Rescue may provide benefits to both Gold Ribbon Rescue and the donor. The Trust would ultimately collect the policy value and the donor may be entitled to an income tax deduction in the amount of the policy's value. The donor should consult with their tax advisor.
The donor may list The Trust as a beneficiary in their will. The distribution of the estate is then made at the donor's death.
Contact us to discuss the above options by email to