For all planned giving arrangements, please consult your attorney or financial adviser.
If you hold securities (stocks, bonds or mutual fund shares) that would bring a long-term capital gain if sold, their outright gift to Community Care would mean significant tax savings.
You are not required to pay a capital gains tax on the appreciation. In this case the actual cost to you, the donor, is usually far less than the value of your gift to Community Care. You receive a tax savings while promoting independence for vulnerable seniors.
If you would like to mail stock certificates to Community Care, please contact Ariana Burrows via email by clicking here.
An outright gift of real estate or your residence to Community Care Center of the Northeast will qualify for a charitable deduction. A gift in this form may enable you to avoid capital gains tax on the appreciation of the property, similar to appreciated securities, while enabling seniors and persons with disabilities to age safely at home.
Paid up and current life insurance policies may be gifted to Community Care. Structured to provide tax benefits to you, these policies also will help ensure that aging seniors do not feel homebound.
A bequest to Community Care Center of the Northeast is a gift that can be made by almost everyone. You would experience no immediate loss of capital or income, and tax benefits minimize the ultimate costs to your heirs. A bequest in any amount can enable Community Care to help vulnerable seniors and persons with disabilities. You might consider any of several types of bequests:
1. specific bequest (gift of certain amount of cash or property or a percentage of one’s estate);
2. residuary bequest (whatever is left of the estate after you have provided for others);
3. contingent bequest (in the event the primary beneficiaries do not survive you);
4. testamentary trust (giving lifetime benefits to another person or persons, with the understanding that the funds will then come to Community Care Center of the Northeast). Your gift becomes your legacy for the future.
Establishing a trust permits you to make a gift to Community Care Center during your lifetime while still receiving the income from capital, securities or other property involved. Two of the most common charitable trusts are the unitrust and annuity trust.
In both cases, the income is available to you for your lifetime and, if desired, for the lifetime of a beneficiary. At the same time you will receive a charitable contribution deduction on your income tax; and capital gain, if any, is exempt from tax. Receive a tax savings, increase your income and help Community Care promote independence for seniors at risk of institutionalization.
To arrange any of these gift opportunities, please contact:
Ariana Burrows, Director of Development
215-335- 4416 x106