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How do I set up legacy gifts?

There are lot’s of great ways to set up legacy gifts. We are excited to talk to you about those options just email or call us 716-526-0026 and we would be happy to help! Below are some possibilities for you to consider.

Make Direct Charitable Distributions from your IRA: If you are over 72, you can donate up to $100,000 per year to qualified charities, including CSB Ministries, from a traditional IRA. People who donate from their IRA directly to a charity eliminate taxation on this income and may lower the tax bracket on the taxable portion of Social Security benefits. It is also a great approach for supporters who can no longer itemize deductions on their tax returns.

Gifts of Stock: You can receive a tax deduction for the full market value of your donated stock to CSB Ministries and avoid capital gains and state income taxes. Please contact Christian Rosado (716) 526-0026 for more information on how to transfer that stock. We use Benjamin Edwards as our broker. Brian Hoppe Phone: 630-871-2673 Fax: 630-871-2649 Email:

Donor Advised Funds: A great tool for turning complex assets (stocks, real estate, life insurance, business interests) and/or cash into funding for multiple ministries and over several years as well as avoiding capital gains taxes. You receive an immediate tax deduction for your gift and the assets in the Donor Advised Funds (DAF) grow taxfree. DAF may also provide tax advantages for those who can no longer itemize tax deductions under 2018’s tax law changes.

Charitable Beneficiary Designations: If you are leaving a bequest or gift to CSB Ministries, it is often easier and more tax-efficient to do this through a charitable beneficiary designation of your IRA or retirement plan assets. Designating a charitable beneficiary is a simple way to save on taxes, while also avoiding the time and expense of updating your will or trust.

Tax-Advantaged Sale of Your Family Business: Prior to entering into an agreement to sell your business, consider transferring a portion of your company stock to a charitable lifetime income plan. You will avoid substantial capital gains taxes, receive a charitable income tax deduction for your gift, and use the taxes saved to increase your retirement income. The biggest mistake you can make when selling your business is to sell first, then give a gift.

Updated on October 30, 2023

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