Rather than gift assets directly, you could purchase a life insurance policy, where you pay the premium and name the charity as the beneficiary. As an example, suppose you want to leave $100,000 to the charity of your choice at your death. Provided you qualify medically, you could purchase an insurance policy today with these dollars. Depending on your age, a $100,000 single premium today might generate 2 or 3 times that much in future death benefit to the charity.
If you are considering leaving money to a charity, call us today to discuss your gifting strategy, 314-351-HALO(4256).