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Federal Tax ID Number 61-1368334
We Always Welcome Donations of:
- Toilet paper
- Copier paper
- Snacks and Drinks
- Liquid hand soap
- Dishwashing liquid
- Paper towels
Think Outside the Box
WILLS
A donor can leave assets (monetary, property, land, stock) through a will (make a bequest). The donor’s estate will receive a charitable estate tax deduction at death when the gift goes to charity.
LIFE INSURANCE AND BENEFICIARY DESIGNATIONS
Donors may name a charity as a beneficiary of an existing policy, either entirely or in part. Additionally, a charity may be names as a beneficiary of a retirement plan (e.g., IRA, 401k, profit-sharing) or annuity contract. The advantage of this is that the charity usually received the proceeds without the accompanying income tax liability.
GIFT ANNUITY
A gift annuity is a contract between a charity and donor. In return for a donation of cash or other assets, the charity agrees to pay the donor, (or a friend or family member if the donor so chooses), a fixed payment for life. The donor can also claim a charitable tax deduction.
CHARITABLE REMAINDER TRUST
This trust makes payments, either fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever the donor chooses to receive income. The donor may claim a charitable income tax deduction and may minimize any capital gains tax if the gift is of appreciated property.