Little Pink Houses of Hope

Little Pink Houses of Hope supporters, age 70 ½ or older, can get a tax break while supporting our Little Pink families with a qualified charitable distribution (QCD) gift. With a qualified charitable distribution, you get many benefits. By making a qualified charitable distribution from your IRA, you avoid paying income taxes on your donation.You can donate up to a total of $100,000 each year ($200,000 for married couples) and exclude the gift from your taxable income.* to advance Little Pink’s mission to serve families in need.

*Complete your transfer before December 1. 

As a result of the tax change your annual donation to Little Pink Houses of Hope may be difficult to itemize and count as a deduction each year. You can choose to make a gift to a donor-advised fund (DAF) in an amount greater than the standard deduction, which would allow you to receive the tax advantages of giving in that year. The donation to your DAF would enable you to maintain your annual support to Little Pink Houses of Hope through recommended grants from your DAF in subsequent years when you do not itemize.

You can initiate a donation from your donor-advised fund by clicking link below:

Final distribution of contributions remaining in your donor-advised fund is governed by the contract you completed when you created your fund.

We hope you will consider naming Little Pink Houses of Hope a beneficiary/successor of your account or designate that we receive a portion of the account value. Then your children or grandchildren receive the remaining amount enabling them to continue your legacy of serving and giving.

Stocks held for more than a year that have increased in value can be used to fund a charitable gift annuity, bypassing a large portion of the capital gains tax. The remaining gain will be apportioned over several years of your annuity payments rather than being taxed all at once. Other benefits of a gift annuity include:

• eligibility for an immediate income tax deduction
• a fixed annual payment for life
• an attractive payment rate

Example:  Grace, age 83 initiates a $50,000 charitable gift annuity with stock that she originally purchased for $10,000. In addition to an annual payment of $3,700 for as long as she lives and an income tax charitable deduction, more than $20,000 of her capital gain on the stock’s appreciation will never be taxed.*

*Based on payment rates as of January 1, 2020. Illustration purposes only.

A charitable lead trust is a way of making a gift to Little Pink Houses of Hope that enables you to reduce gift and estate taxes while controlling the timing of passing assets to your children and grandchildren.

You contribute securities or other appreciating assets to a charitable lead trust. The trust makes annual payments to Little Pink Houses of Hope for a period of time. When the trust terminates, the remaining principal is paid to your heirs.

Benefits to You:

• The present value of the income payments to Little Pink Houses of Hope reduces your gift/estate tax.
• All appreciation that takes place in the trust goes tax-free to your heirs.
• The amount and term of the payments to Little Pink Houses of Hope can be set so as to reduce or even eliminate transfer taxes due when the principal reverts to your heirs.
• You have the satisfaction of making a significant gift to Little Pink Houses of Hope now that reduces the taxes due on transfers to your heirs later.

A charitable remainder unitrust with Little Pink Houses of Hope can provide you and/or other beneficiaries with income for life or for a fixed number of years. Your donation of either appreciated securities or real estate enables you to receive an immediate income tax deduction for a portion of your contribution to the unitrust and savings on capital gains taxes as well. Your significant gift will benefit you now and the families served by Little Pink Houses of Hope later. This type of gift enables you to do the following:

• Avoid paying capital gains on sales of appreciated stock and real estate
• Convert the full value of stock into a lifetime income stream
• Receive a significant charitable income tax deduction
• Remove assets from your taxable estate

Because retirement plans are taxed differently than most assets, they may actually become a tax liability. Naming Little Pink Houses of Hope a beneficiary of your retirement account can be an attractive option for leaving a legacy and reducing income and possibly estate taxes for your loved ones.

Making Little Pink Houses of Hope a beneficiary of a retirement account is easy. Simply ask your plan administrator for a beneficiary designation form and include Little Pink Houses of Hope as beneficiary of a specific percentage of the account value or as a contingent beneficiary.

An immediate gift of real estate. Donating property outright to Little Pink Houses of Hope frees you from the costs and responsibilities of ownership. If you have owned the property more than a year, you will enjoy a charitable income tax deduction equal to the property’s full fair market value, eliminating any capital gain. The gift reduces your future taxable estate while enabling Little Pink to share more retreats with families.

A gift of real estate by bequest. You can include a gift of real estate to us in your will or living trust, making you eligible for a charitable estate tax deduction upon your death.

A life income gift funded with real estate. You can receive a predictable income flow and realize capital gains and other tax benefits by converting your real estate investment into a gift to Little Pink Houses of Hope.

At this time, Little Pink is not accepting gifts of time share property.

With your donation of appreciated securities you may receive an immediate income tax charitable deduction and savings on capital gains taxes. Your gift of stock or mutual funds may also be used to generate income for life through a charitable gift annuity. With your gift of appreciated securities to Little Pink Houses of Hope you can diversify your portfolio and/or secure a stream of income. For direct information about gifts of stock, please call 336-213-4733.