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Reduce Taxes

LIFE INSURANCE POLICY GIFT

Do you have a life insurance policy that has outlasted its original purpose? You can use it (or a percentage of it) to reduce your taxes and create a gift for Girl Scouts of New Mexico Trails that demonstrates your commitment to unleashing G.I.R.L.s everywhere.

Potential benefits:

  • You could potentially reduce your income taxes;
  • You might possibly receive additional tax deductions if you make annual gifts so Girl Scouts would be able to continue to pay the premiums;
  • You can see firsthand how your gift supports our work if Girl Scouts cashes in the policy;
  • You can create your legacy. If Girl Scouts of New Mexico Trails retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Girl Scouts of New Mexico Trails.
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SAVINGS BONDS

When you redeem savings bonds, you or the person you leave your bonds to will owe income tax on the gains.

Potential benefits:

  • You might eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem;
  • You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law);
  • You could possibly avoid paying the capital gains tax on any increase in the value of the bonds you give.

REAL ESTATE

You could consider donating real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property.

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GIFTS OF SECURITIES

You can use stocks, bonds, and mutual funds that have grown in value to create your legacy with Girl Scouts.

Potential benefits:

  • You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law);
  • You could possibly avoid paying the capital gains tax on any increase in the value of the stock you give.

I'm Here to Help

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Molly Garza
Director of Development
(505) 343-1040
[email protected]