Planned giving gives you the opportunity to leave a legacy and ensure that Providence House will continue to provide services to homeless families with children, domestic violence survivors, and survivors of sexual assault well into the future.
Whether you would like to make an outright gift today, or if you would like to make a deferred gift that will help us in the future, your gift will make a difference for years to come.
What is Planned Giving?
Planned Giving is a set of ways you can leave money/assets to a nonprofit at your death or is a way to invest money so that you receive benefits during your life and then bequeath the remaining funds to the nonprofit. Planned Giving programs provide future income to the nonprofit.
Cash is convenient and provides you with an income tax deduction, when itemized on your income tax return.
Donate appreciated stock held for more than one year and derive an additional tax benefit: avoidance of capital gain. Consider choosing appreciated stock with the greatest capital gain to take maximum advantage of this unique tax benefit.
GIVE SOME, KEEP SOME
If you are not prepared to donate all of your stock in a particular company, donated the amount of shares that will offset or reduce the gain when you sell the remainder of shares and keep the proceeds.
Liquidate stock that has lost value and donate the proceeds. You can deduct the loss in value (cost basis less current value) and derive an income tax charitable deduction for the current market value.
Donate disposable income generated from an IRA account and offset income taxes with a charitable deduction. Be careful here: Premature withdrawals or withdrawals and direct transfers that exceed the minimum distribution amount may incur penalties.
If you have an insurance policy that you no longer find useful, donate it and receive a charitable deduction for the cash value of the policy.
Use your credit card to make a gift. Get the deduction now and pay the bill no earlier than a month from the date of the gift or at your convenience and according to the provisions of you credit card company. If your card provides frequent-flyer miles, you get all of the tax advantages, plus add benefits to your travel plans! (Watch out for finance charges on the amount donated, which could offset the charitable tax deduction.)
MATCHING GIFT DONATIONS
Match your gift with your employer’s contribution. Many companies have matching-gift programs for charitable donations. This is done by simply enclosing the company form along with your donation; Providence House will take care of the rest.
ENDOWMENT-A GIFT OF A LIFETIME
A Providence House Endowment is the beginning of a long journey to meet the needs of future generations' homeless families with children by providing support to end the cycle of homelessness.
For more information on the many ways to invest in the future of Providence House, please contact:
Executive Director, Providence House
318-221-7887 or firstname.lastname@example.org