More Ways to Give

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

Additional Giving 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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