The DU Lounge
Related: Culture Forums, Support ForumsHypothetical: What public service/charity would be a beneficiary in a Will & how?
My first thoughts would be: Planned Parenthood, Southern Poverty Law Center. Something local - education or Democratic political?
If property might be involved partly, it seems they would prefer that it be sold with the donation later in cash? Instead of *their* taking on the property to dispose of?
MLAA
(17,314 posts)1/2 to some nieces and nephews that all but one will likely blow in a year. 1/4 to Southern Poverty Law Center and 1/4 to Scottish Rite Childrens Hospital. All personal property to a friend to dispose of how she wishes.
Youve got me thinking about trimming back the nieces and nephews to 1/4 another quarter to a charity for scholarships to underprivileged.
UTUSN
(70,722 posts)✌🏼
progree
(10,911 posts)they did the marketing and selling of it. (Full disclosure: I got a charitable gift annuity in return).
they have also had houses donated to them.
If the property is stocks, bonds, mutual funds, ETFs, that's even easier, they'd love that, very little work on their part. The donor doesn't have to pay capital gains taxes, and neither does the charity.
(Whereas if the donor sold the property first and donated the cash proceeds, the donor would have to pay any capital gains taxes, so is better to give the property away instead of cash).
If you are getting old and having to take Required Minimum Distributions (RMDs) on your IRAs, consider Qualified Charitable Distributions (QCDs) - it's a way to satisfy one's RMD requirements and nobody pays taxes.