You can support educators by providing evidence-based guidance and tools for teaching students how to read and write. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.
You can learn more about these special opportunities in our free brochure, Simple Ways to Create Your Legacy, and other complimentary planning resources. These resources are just a click away!
Stocks and Securities
When you give stock or securities (such as stocks, bonds, mutual funds), you may be eligible for two tax benefits: 1) You receive an income tax deduction for the full, present, fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals.
Retirement Assets
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. Such a gift can help shield you or your heirs from taxes while funding First Book.
Life Insurance
Transfer ownership now:
To make an impact on our mission today, irrevocably designate First Book as the owner and beneficiary of an existing life insurance policy. If your policy is paid up, you may receive an immediate income tax deduction based on the policy value.
If your policy is not yet paid up, you can make contributions of cash to First Book to cover future premium payments. For any premium payments you make, you may receive a charitable deduction in the year you make the payment.
Name us as a beneficiary:
You can designate First Book as a beneficiary of all or part of your life insurance policy. With this gift arrangement, First Book will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time.
This gift is easy to arrange—simply request a beneficiary designation form from your plan administrator.
Personal Property
A gift of artwork, coins, antiques, or other personal property can be an excellent way to support First Book. The tax benefits of the gift depend on whether First Book can use the property in a way that is related to its mission. Contact us to learn more about this type of gift. We would be happy to help you find the option that best fits your philanthropic goals.
See Your Impact
Step inside classrooms where teachers are turning challenges into possibility. With support from First Book, educators gain access to affordable books, classroom resources, and professional tools that help them reach every student.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!