GiftLegacy Presents Calculator - Part Gift & Part Sale

Part Gift and Part Sale

Gift Type Gift Appreciated Asset Gift/Sale of Asset

Donor

Enter the name of the donor. You may use such titles as Mr., Mrs., Dr., Rev., Jr., Sr., etc. The donor is the owner of the asset contributed and will receive the tax deduction and capital gains bypass benefits, if applicable.

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are not certain about the correct rate, you may choose one of the middle rates. For many people, this will be close to the actual income tax rate.

Value of Property $

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely held stock and other hard-to-value assets, the FMV would be the appraised value of the property on the date of the gift.

Cost Basis $

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Enter the amount of cash you wish to receive from the sale of the asset(s) that will be used to fund the trust. This amount of cash will not go into the trust.

National Ambassador, Katie Forbrich

On a recent milestone birthday, Katie Forbrich found herself thinking about her earliest days. Like so many, she and her older brother had been adopted out of OLV Infant Home. And, like so many, her thoughts never seemed to have left the "City of Charity" completely, no matter where life took her.

National Ambassador, Maggie Best

When one listens to Maggie Best talk about Father Nelson Baker and his legacy of caring, the OLV organizations, it's hard not to get enthused.

National Ambassador, Bobby and Haley Kovey

Amid a very competitive business industry, Bobby Kovey sought God's guidance to ensure his ethics and morals were always the top priorities of his work within the family business he and his wife, Haley, had built.

National Ambassador, Nick Sawicki

"Father Baker is a beacon of hope, inspiring me every day," says Nicholas Sawicki, a native of Lackawanna, N.Y, who now lives in New York City and serves as special assistant to the president and editor-in-chief of America Media, publisher of the popular America magazine.

National Ambassador, Tom Sheehan

Mary touches hearts. Such is the belief of a native of Western New York, Tom Sheehan, who now serves as Dealer Principal of Sheehan Buick GMC in Pompano Beach, Florida.

Vukelic Donor Story: A Family Tradition

For generations, the Vukelic Family has weaved threads of gold into a tapestry of love for the fragile, vulnerable, neglected, and rejected children here at "Father Baker's." The family...

The Beck Family

The Beck Family has ties to "Father Baker's" that go back nearly 100 years and Carol Beck continues to maintain this legacy. After emigrating from Austria and the Czech Republic to Johnsonburg, Pennsylvania...

Charitable Bequest

Charitable Gift Annuity

IRA Charitable Rollover

VRS

Leadership Society

A Legacy of Caring

victory remembrance society