Donate Real Estate, Charitable Trusts, Life Insurance, and Other Assets
Planning a major gift is an important and personal decision, and we are here to help you. We will discuss your options and go over tax benefits related to your personal situation.
These are also ways you can contribute:
You can name Goodwill of the Finger Lakes or GVE as a beneficiary for a specific dollar amount or a percentage of the policy. All you have to do is file a new "change of beneficiary" form with your insurance company.
Charitable Lead Trust
Through your will, you provide income to Goodwill of the Finger Lakes or GVE for a specific amount of time after which the trust assets revert to your heirs.
Charitable Remainder Trust
Through your will or living trust, you allow one or more beneficiaries to receive income for life or a set term of years, after which the trust assets revert to us.
Donating real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift. You may avoid paying capital gains tax on the sale and receive a charitable income tax deduction.