Assets You Can Give
Know that your gift will benefit Operation Worship tomorrow just as you intend it to today.
Appreciated Securities
How it Works
You transfer securities to Open Window Foundation and we sell your securities to use the proceeds for campaigns.
Benefits
- You receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
- You pay no capital gains tax on the securities you donate
- You can direct your gift to a particular purpose
Business Interests
How it Works
You give shares of closely held stock to Open Window Foundation. Open Window offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs.
Benefits
- You receive an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero.
- You pay no capital gains tax on any appreciation that has taken place in the shares
- Under certain conditions, you may be able to use closely held shares to fund a life-income arrangement, such as a FLIP Unitrust.
Cash
How it Works
You send a check, wire funds or donate online to Open Window Foundation and we use your gift for the purposes you specify.
Benefits
- Use the simplest asset to make your donation
- Fund a campaign that Open Window Foundation can use immediately
- Receive a full charitable deduction and apply it against a larger percentage of your taxable income than a deduction for a property gift.
Life Insurance- New Policy
How it Works
You can provide now for a future gift to Open Window Foundation by naming us owner and beneficiary of a policy insuring your life.
Benefits
- You can make a significant gift from income instead of capital
- Your gifts offsetting our premium payments are fully deductible
Life Insurance- Paid Policy
How it Works
You transfer ownership of a paid- up life insurance policy to Open Window Foundation. We cash the policy now or maintain the policy and receive the death benefit later.
Benefits
- You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy
- In some cases you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
Gift Replacement Life Insurance
How it Works
You create a gift plan like a charitable gift annuity that will pay you income for your lifetime. You also create a life insurance policy, naming your children or other heirs as beneficiaries. the amount of the death benefit equals the contribution you made to create you life-income gift. At your death we receive the remaining balance of your gift plan and your heirs receive cash in the amount of your original gift.
Benefits
- No new assets are required to pay for this replacement: tax savings for the charitable deduction plus income you receive from your new gift plan pay the premiums.
Partnership Interests
How it Works
You convey a partnership interest to Open Window Foundation. Depending on the circumstances we may choose to continue the partnership interest or to sell it and use the proceeds for its programs.
Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities that might pertain to it.
- Under certain conditions you may be able to gift a partnership interest to a life income arrangement, such as a FLIP Unitrust.
Personal Property
How it Works
You transfer a painting, antiques, collectibles or other personal property to Open Window Foundation. We may elect to hold the property and display or use it in the furtherance of its mission. We may elect to sell the property at some point in the future and use the proceeds for its programs.
Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay not capital gains tax, provided your gift satisfies the “related use” requirements of the IRS.
- In certain cases, you can use the personal property to fund a life-income gift, such as a FLIP Unitrust.
Real Estate
How it Works
You deed your home, a commercial building or investment property to Open Window Foundation. We may use the property for its own purposes, or sell it and use the proceeds for our programs.
Benefits
- You receive an income tax deduction for the fair market value of the real estate, no matter what you originally paid for it.
- You pay no capital gains on the transfer
- You can direct your gift to a specific program
Retirement Plans
How it Works
You claim Open Window Foundation as the beneficiary of your IRA, 401(k) or other qualified plan. After your lifetime, the residue of your plan passes to us tax-free.
Benefits
- You can escape both income and estate tax levied on the residue left in your retirement account by leaving it to us.
- You can continue to take withdrawals during your lifetime
