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Online Giving Event Sponsorship In Kind Wish List Give to Mary's Kids
Think About These Other Ways to Give:
Gifts of stocks or bonds
Consider a gift of stock to PPCAA. If you own marketable securities that have increased in value since you purchased them, you can avoid paying a capital gains tax by giving them to the Pikes Peak Community Action Agency. You will receive a tax deduction for the full fair market value of the stock on the date of your gift. |
Life income gifts
When considering money market rates and dividends paid on stocks, your gift of cash or stock to PPCAA, made in the form of a "life income gift," can actually increase your income. A life income gift allows you to transfer assets to the organization now, while continuing to receive income. A life income gift can allow you to increase your income for life, receive a charitable tax deduction and potentially avoid any capital gains tax on the appreciation. |
Gifts of real estate
If you have owned your home or land for a number of years, it may be a tax advantage for you to give real estate to PPCAA. As with marketable securities, if you give real estate you have held long-term, you may deduct the full market value and avoid the capital gains tax. And, of course, you would no longer have the responsibility of managing, performing upkeep and paying property taxes each year. The Pikes Peak Community Action Agency is currently interested in finding a property (preferably in the downtown Colorado Springs area) to house both the administration office and the Norvell Simpson Center together. |
Gifts of life insurance
If you own a life insurance policy that is no longer needed, making a charitable gift of the policy to PPCAA could be to your advantage. Consider giving a current policy or purchasing a new policy that names Pikes Peak Community Action Agency as the owner and beneficiary. If your policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if you continue to pay annual premiums on the policy, they will be tax-deductible gifts. |
Gifts of cash
There is no easier way to receive a charitable deduction--and support PPCAA at the same time--than by simply writing a check. Make sure your envelope is postmarked by December 31 of the tax year for which you wish to receive the deduction. | |
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Your tax-deductible gift will make a significant difference in the lives of those striving to be self-sufficient. Thank you for your support!!
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