More Ways to Give

“It is not how much we give,
​but how much love we put into our giving.”

Additional Giving
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Opportunities

Here are several of the less known ways to give a gift to the HC Community Care Center & Food Pantry.

​​​​​​GIFTS FROM BEQUESTS

A bequest is a gift made through your will or trust account/fund.  It is one of the most popular and flexible ways you can support our organization.

• This type of gift does not impact your current income as the gift is made when your will or trust account/fund is activated
• With the help of your legal advisor you can include language in your will or trust account/fund to include support of our organization along with your family
• Your tax advisor can advise you on the tax advantages of the numerous ways to leave a legacy

​GIFTS OF INSURANCE

A gift of your life insurance policy is an excellent way to make a gift.  If you have a life insurance policy that has outlasted its original purpose (i.e. provided for minor children who are now adults) consider donating the policy to our organization.

• You have the option of gifting the policy by making our organization the policy owner or you can retain ownership and make us a partial or full beneficiary
• The tax benefits vary based on whether you make our organization the owner or if you name our organization as a beneficiary
• Ask your insurance agent which option provides you the greatest benefits

​GIFTS OF REAL ESTATE

Donating appreciated real estate, such as a home, vacation property, undeveloped land, or farm/ranch land can make a valuable gift.

• Avoid paying capital gains tax on the gift of the real estate
• Receive a potential charitable income tax deduction (based on your tax filing status)
• Important to transfer ownership, not sell, the real estate to the organization in order to receive the tax benefits

​GIFTS OF RETIREMENT ASSETS

Donating part or all of your unused retirement assets such as your IRA, 401(k), 403(b), pension fund, or other tax-deferred plan is an excellent tax-advantaged gift. Contact your retirement account administrator or financial advisor for the benefits and how to make the gift. 

• Retirement funds invested pre-tax are the most heavily taxed assets to your heirs, thus they are the most beneficial to gift to a non-profit organization such as ours
• Your heirs would avoid costly income tax on these gifted pre-tax basis retirement funds
• These gifts avoid potential estate tax (based on the size of your estate)

Special opportunity if you are 70½ or older:

• If you are 70½ or older you can rollover up to $100,000 from your IRA to our organization annually
• Some or all of the “rollover” amount may satisfy some or all of your annual Required Minimum Distribution (RMD)
• Reducing or eliminating your RMD will reduce your taxable income even if you don’t itemize​

​Gifts of Stocks, Bonds or Mutual Funds

Donating appreciated securities, including stocks, bonds, and mutual funds, is an easy and tax-effective way for you to make a gift of support.

• Avoid paying capital gains taxes on the gifted appreciated stock
• Receive a potential charitable income tax deduction (based on your tax filing status)
• Important to transfer ownership (NOT sell!) the investment security to the organization in order to receive the tax benefits

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Contact our Executive Director