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 How
to Give
For more information, contact Victoria Bates, Appeal and Event Manager for DEvelopment at (860) 928-7141 or by email at vbates@daykimball.org.
The easiest and most popular way to benefit yourself and your favorite
charitable organization is an outright gift. When you itemize deductions
on your income tax return, your charitable gift provides an immediate,
tax-saving charitable deduction, and your prompt action allows us to meet
Day Kimball Healthcare’s most pressing needs.
The delivery date of your gift determines valuation and year of deduction.
Keep in mind these other methods when considering an outright gift
to us.
Gifts of Cash
Your cash donation is deductible up to 50% of your adjusted gross income.
Any excess is deductible in the subsequent five years. If sent by mail,
the postmark date is the delivery date. Note: A pledge is deductible in
the year it’s fulfilled.
Gifts of Securities
Gifts of stocks or other securities held long-term (more than one year)
are deductible at full, present fair market value, with no tax on the
appreciation. You can deduct up to 30% of your adjusted gross income,
with a five-year carryover for any excess. If mailed, the postmark is
the delivery date, otherwise, it's the date received by us. The stock
certificate must be properly signed or accompanied by a properly signed
stock power. To transfer electronically, your broker can arrange a temporary
account in our name to sell the securities and transfer the proceeds to
us.
Gifts of Tangible Property Held Long Term
If we can use the property for a purpose related to our exempt function,
you can deducted its current fair market value up to 30% of your adjusted
gross income, with no tax on the appreciation.
Planned Giving
Planned gifts are usually deferred, meaning they are arranged now and
fulfilled later. For example, a person could include a provision
in his or her will to make a bequest to a charitable organization.
That arrangement would be a "planned" gift.
Or, a person might establish a charitable trust that
could provide income to the donor (or someone else) for a period of time
(usually for life). After this gift-deferral period, the trust would "mature"
and the remaining assets (corpus) would go to one or more charities. This
is called a charitable remainder trust.
Another kind of planning device allows a donor to place assets in a trust
that pays out income to charity for a period of years. Then, when this
trust "matures," whatever is left goes back to the donor or
to someone else stipulated by the donor. This is called a charitable
lead trust.
Another deferred gift instrument is the charitable gift annuity.
This is popular with many donors because
it represents a life-time contract
between the donor and a charity, and because it is relatively simple to
understand and establish. For example, a donor gives $25,000 to a charity
and receives, in return, a set amount of money every year for the rest
of his or her life. The donor also has the choice of naming someone else
as the annuitant to receive the annuity payments.
For more information on planned gifts, contact Nancy Morrow, Vice President of Development, at 860-928-7141 or nmorrow@daykimball.org.
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