Professional Documents
Culture Documents
The official publication of Minnesota Wing Civil Air Patrol December 2005
Legacy / from Page 2 to reduce your income and estate tax bite at the same
time.
other not, could gift a $100,000 benefit to their squadron Many people contribute to charities via payroll deduction
for about $4,500 per year in premiums. plans at work such as the United Way. Many employers
Another method our older clients use is the gifting of an will also match these contributions. If you are currently
unneeded existing life insurance policy, annuity or real participating in one of these plans or would like to start,
estate holding or highly appreciated stock to the charita- please ask your employer to add the Civil Air Patrol to
ble organization. Doing so provides you with a larger tax their list of approved charities. You may even get lucky
deduction than the original basis. There are many meth- and have a co-worker select your squadron for his/her
ods available to turn small donations into large ones and donation.
December 2005 WingTips Page 4