A LegacyPlan* involves a simple transfer of an asset (such as real estate, securities, annuities, savings bonds, etc.) to LTF in exchange for an immediate or deferred tax favored income for life or a set number of years.
Because LTF is a non-profit organization, there are tax benefits that are included with a LegacyPlan that include an income tax deduction, plus capital gain and estate tax reduction.
A LegacyPlan allows families and charities to enjoy the tax benefits and long-range financial solutions that charitable planned giving programs provide.
A LegacyPlan enables a broader range of people to benefit from provisions in the tax code that many thought were only available to very wealthy individuals. Ultimately, and most importantly, more funds are provided to deserving charities.