Gifts That Reduce Your Taxes

Do you have a life insurance policy that has outlasted its original purpose? You can use it (or a percentage of it) to reduce your taxes and create a gift for Girl Scouts USA, or your local council, that demonstrates your commitment to unleashing G.I.R.L.s everywhere.

Potential benefits:

• You could potentially reduce your income taxes;
• You might possibly receive additional tax deductions if you make annual gifts so Girl Scouts would be able to continue to pay the premiums;
• You can see firsthand how your gift supports our work if Girl Scouts cashes in the policy;
• You can create your legacy. If Girl Scouts retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Girl Scouts.

You can use stocks, bonds, and mutual funds that have grown in value to create your legacy with Girl Scouts.

Potential benefits:

• You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law);
• You could possibly avoid paying the capital gains tax on any increase in the value of the stock you give.