Children’s Hope Alliance has a strong tradition of excellence in the care and wellbeing of children. This legacy is reflected through the generosity of donors who assist us in confronting the opportunities of the future. We are optimistic that we will continue to prepare our children to regain a sense of dignity and purpose, with a strong sense of belonging and a hope for the future. That is why Children’s Hope Alliance seeks your support to lead the way in planning for tomorrow.
GIFTS OF PERSONAL PROPERTY
In planning your estate, remember that valuable collections, works of art and other tangible personal property may be subject to estate taxes. By donating such items during your lifetime rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift. For a gift of tangible property, you are entitled to an income tax charitable deduction amounting to the property’s full, market value. If the property cannot be used directly by Children’s Hope Alliance, your tax deduction is the lesser of the property’s original cost or the fair-market value.
GIFTS OF REAL ESTATE
Almost any kind of real estate can make a valuable gift to Children’s Hope Alliance; a primary residence, a vacation home, farm, commercial building or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life. As with gifts of appreciated stocks, bonds, mutual funds and personal property, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate, and you avoid estate taxes on the appreciated asset.
GIFTS THAT PROVIDE INCOME
You may wish to make a substantial gift to Children’s Hope Alliance but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift while retaining an income for your lifetime. The benefits to you—the donor—vary, but all these arrangements have the following attractive features:
Income for life paid to you and/or another beneficiary such as your spouse or family member, increased income if a gift is made to a life income plan that produces a higher yield than the donated asset;
An immediate federal income tax deduction for a portion of the value of the gift, elimination of capital gains tax at the time of transfer if the asset is in the form of securities or real estate that have appreciated in value.
GIFTS THROUGH BEQUESTS
Children’s Hope Alliance has been the recipient of bequests, both large and small, from friends and alumni. These donors wanted to leave a lasting legacy and associate themselves forever with Children’s Hope Alliance. These bequests, no matter how modest, have been welcome and are important. To make an unrestricted gift, you may wish to consider using the following language:
“I give, devise, and bequeath unto Children’s Hope Alliance: all of my residuary estate; or a portion of my residuary estate equal to __________% thereof; or the following described property ______________: or the sum of __________________.”
The value of a bequest to Children’s Hope Alliance is deductible for estate tax purposes, and there is no limit on the amount of the deduction. All gifts should be made to Children’s Hope Alliance and are tax-deductible in accordance with the Internal Revenue Code.
As with all planned giving opportunities, Children’s Hope Alliance encourages donors to talk with a qualified accountant to review the giving benefits.