Sentences with phrase «bequest income»

The plan encompasses salaries and benefits; programs and facilities; use of the capital spending fund, bequests income, and the League's endowment fund; as well as fundraising, and other cost cutting measures.

Bequests Income The total bequest income used in this plan is an average of bequest income received during the last 10 years and equals $ 1,600,000.

Not exact matches

A bequest is eligible for a tax receipt that can be used against your estate's taxable income in the year of death as well as the previous year.

«Tax exemption» also refers to deductibility: of charitable bequests from federal inheritance taxes, of charitable gifts from the federal gift tax and of charitable contributions from the donor's gross income.

The remaining items refer to deductibility of charitable contributions, gifts and bequests, which are otherwise taxable — deductibility not to the recipient nonprofit organization, but to the donor, on the rationale that what the donor gives away to a charitable organization should not be treated as income for purposes of taxation since, unlike taxable income, it does not represent the consumption or accumulation of income for the donor's personal aggrandizement.

Income from trust funds received as gifts or bequests may be appropriated only for purposes prescribed by the donors thereof, and income from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were establIncome from trust funds received as gifts or bequests may be appropriated only for purposes prescribed by the donors thereof, and income from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were establincome from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were established.

Investment Funds shall include all gifts and bequests received without special restriction concerning the use to be made of principal and income, and all other funds designated by the Council as investment funds.

(b) Investment Funds shall include all gifts and bequests received without special restriction concerning the use to be made of principal and income, and such other funds as may be designated by the Board of Directors as investment funds.

Funds received from patrons * in the Pacific Coast region and from gifts, bequests, or other sources may be invested as trust funds by the Executive Director, as authorized by the Executive Committee, and the income therefrom shall be expended for the purposes of the Division as set forth in Article 2.

Funds received from patrons in the Pacific Coast region and from gifts, bequests or other similar sources, shall be invested as trust funds by the Executive Committee, and the income therefrom shall be expended for the advancement and diffusion of knowledge.

Funds received from patrons * in the Pacific Division region and from gifts, bequests, or other sources may be invested as trust funds by the Executive Committee, and the income therefrom shall be expended for the purposes of the Division as set forth in Article 2.

Established in 1994, the Paul Hanus Society at HGSE was created to honor alumni and friends of the School who have provided support for the School through life income plans, bequests, or other creative gift arrangements.

In general, property you receive as a gift, bequest, or inheritance is not included in your gross income.

«Generally, if a debt you owe is canceled or forgiven, other than as a gift or bequest, you must include the canceled amount in your income.»

(3) Annuities generally are less well - suited for you if you are: Low - income (government ensures minimum retirement needs), rich (annuity protection is not needed), intent on leaving a big bequest (payments generally end at your death), or you have low life expectancy (you get few payouts).

We find that annuity market participation increases with financial wealth, life expectancy, and education and decreases with other pension income and a possible bequest motive for surviving spouses.

In general, a foreign gift is money or other property received by a U.S. person from a foreign person that the recipient treats as a gift or bequest and excludes from gross income.

Planned giving encompassing a variety of giving options, including appreciated securities, charitable IRA rollover or trust income contributions or estate gifts through bequests or beneficiary designations.

A donation receipt for the amount of the bequest can greatly alter the tax payable on your final return as the claim can be equal to 100 % of your net income as opposed to the limit of 75 % for living donors.

Bequests through your will Charitable Gift Annuities: Provide numerous tax benefits to you, and you are guaranteed income for the rest of your life

The American Impressionist painter Childe Hassam (1859 - 1935) founded this program through the bequest of over 400 of his works with the stipulation that the accumulated income from their sale be used to establish a fund to purchase paintings and works on paper.

Such gifts might include a bequest and / or charitable income gifts, such as charitable gift annuities, charitable remainder unitrusts, charitable remainder annuity trusts, or gifts of life insurance.

The Internal Revenue Code in section 102 says that property acquired by gift, bequest, devise or inheritance is not included in the gross income of the recipient, and, therefore, the recipient doesn't have to pay a tax on the value of the gift.

Property obtained by gift, devise, bequest, or descent and income received therefrom, unless the activities of the other spouse significantly affected the accumulation of value on or income earned from said property

Based on an individual's needs, the insurance product can build cash value which can be used to replace income, cover mortgage costs, pay for education, or leave a bequest to loved ones.

H. Funding bequests of capital to children, grandchildren, or others without the erosion often caused by probate costs, inheritance taxes, income taxes, federal estate taxes, transfer fees, or the generation - skipping tax.

h. To fund bequests of capital to children, grandchildren, or others without the erosion often caused by probate costs, inheritance taxes, income taxes, federal estate taxes, transfer fees, or the generation - skipping transfer tax.

There are several planned giving options from which you may choose, including bequests through your will or living trust; gifts that give you income for life (i.e. charitable gift annuity, charitable remainder trust, or pooled income fund); and bequests that don't require a will or trust (i.e. retirement plans, insurance policies and investment accounts).

Planned gifts can be made through your estate or financial plans and can include bequests designated in a will or living trust, as well as life income gifts.

The National Association may accept gifts and bequests which shall be administered by the Board of Directors and which shall constitute an endowment; the income derived from investment of such gifts and bequests shall be used to promote the objects of the National Association.