ASHRAE Journal - October 2022 - HR24

LEGACY GIVING
When you include ASHRAE in your estate plan, your generosity supports the future of our industry and enables
ASHRAE to return that support to our members through education/training, standards & codes, Handbooks and
other publications, and so much more to help you in your work. Thank you for ensuring that ASHRAE and our
industry can remain strong well into the future.
Here are the tax-wise ways you can support ASHRAE's mission:
Make a quick and easy gift
Make a revocable gift during
lifetime
Defer making a gift until after
lifetime
Make a large gift with little
cost
Avoid the twofold taxation on
retirement plan assets
Avoid capital gains tax on the
sale of real estate
Give personal residence or
farm, but continue to live
there
Secure a fi xed and sometimes
increased income
Create a hedge against
infl ation over the long term
Supplement income with fi xed
annual payments
Eliminate or reduce gift and
estate taxes on assets
passing to heirs
OUTRIGHT GIFT
LIVING TRUST
(INTER VIVOS TRUST)
BEQUEST
GIFT OF LIFE
INSURANCE
GIFT OF
RETIREMENT PLAN
* Avoid typically heavily taxed gift to heirs
GIFT OF REAL ESTATE
RETAINED LIFE
ESTATE
CHARITABLE
REMAINDER
ANNUITY TRUST
CHARITABLE
REMAINDER
UNITRUST
CHARITABLE GIFT
ANNUITY
*
*
CHARITABLE LEAD
TRUST
*
* Donate property to ASHRAE, or sell it at a bargain price
* Immediate income tax deduction; avoid capital gains tax
*
Deed the ownership of the real estate to ASHRAE, but retain
occupancy
* Charitable income tax deduction and lifetime use of home
* CRAT pays donor a set income annually
* Immediate income tax deduction and fi xed income for life
*
*
*
CRUT pays donor a percentage of the trust's assets, valued
annually
Immediate income tax deduction; annual income for life that
has the potential to increase
Enter a contract with ASHRAE in which ASHRAE pays donor
annual fi xed payments
Current and future savings on income taxes; fi xed payments
for life
CLT pays a fi xed or variable income to ASHRAE for a set
term of years, then the assets go to donor's heirs
Reduced size of taxable estate; keeps property in donor's
family; reduces or eliminates estate tax
For additional information - with no cost or obligation - please contact Margaret Smith, msmith@ashrae.org
or 678-539-1201.
Always consult your attorney, accountant, fi nancial advisor, or other professional for how these gifts may impact your personal
situation. This information is for general purposes only and should not be considered legal, accounting, or other professional
advice. Your actual benefi ts may vary.
* Donate cash, stock, or personal property to ASHRAE
* Income tax deduction; avoid capital gains tax
* Name ASHRAE as benefi ciary of assets in living trust
*
* Donor names ASHRAE in Last Will and Testament
* Donation exempt from federal estate taxes
* Give a policy with ASHRAE as owner and benefi ciary
* Current income tax deduction; possible future deductions
*
Name ASHRAE as benefi ciary of the remainder of the assets
after donor's lifetime
Donor has control of trust for lifetime; possible estate tax
savings
HR 24
2021-22 ASHRAE Investor Honor Roll
October 2022
ASHRAE Journal - October 2022

Table of Contents for the Digital Edition of ASHRAE Journal - October 2022
