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There are a variety of options through
which you can contribute to the HHM Endowment Fund.
We graciously welcome gifts of all sizes and in several
forms. Please feel free to make contributions through
our regular budget and/or our newly established Endowment
Fund.
- Cash: A donation of cash is a direct
and simple way to assist the HHM Endowment Fund
while realizing your charitable objectives. For
federal income tax purposes, cash gifts are fully
deductible for those who itemize.
- Memorial/Honorary Gifts: A memorial gift
is a way to honor a loved one who has passed away.
In addition, you may wish to honor a special anniversary,
a birthday or retirement by sending a contribution
to the HHM Endowment Fund. A tribute will be forwarded
to the person being honored, or to the family
of the person being memorialized. Please send
your gift to the HHM Endowment Fund in care of
the Development Department and specify the person(s)
who should receive this acknowledgement along
with their address.
- Bequests: The HHM Endowment Fund can
be a beneficiary of your estate, the recipient
of a specified gift, residuary or contingent bequest,
or the ultimate beneficiary of a charitable remainder
trust. According to the IRS, bequests are deductible
for federal estate tax purposes. Your personal
accountant or financial advisor can provide assistance
with wills, estate and gift planning.
- Appreciated Property (Stocks, Bonds, Real
Estate): Gifts of securities as well as other
appreciated property will also help us to reach
our threshold goal. With a gift of appreciated
securities held for more than one year, not only
do you receive a charitable deduction, but you
also avoid capital gains taxes. Additionally,
gifts of appreciated real estate may make an attractive
gift into a charitable remainder trust. Specifically,
you will receive income for life and HHM receives
the remainder at the time of death.
- Life Insurance: As life insurance customarily
yeilds a large gift at an affordable monthly cost,
you may find it to be a practical form of giving.
You may give a life insurance policy that you
already own, establish a new contract or name
Hope House Ministries as the owner/beneficiary.
Please consult your personal accountant or financial
advisor regarding such gift arrangements. Premium
payments for charitable life insurance contracts
are tax deductible.
- Gifts that provide you with lifetime income:
Deferred gifts include donations in which you
transfer assets to Hope House Ministries. You
will receive, in return, a lifetime of income
interest for you, your children, spouse and/or
other specified beneficiaries. Gift opportunities
can be customized to meet the needs and priorities
of the donor. Your personal financial advisor
can assist you in determining how to best reach
your goals through various gift options such as:
charitable remainder trusts, charitable gift annuities
and deferred payment charitable gift annuities.
For source information, please feel free to call
Anne Frimmer, Director of Development at HHM (631)
473-8796.
For questions regarding tax deductions, please
refer to the Internal Revenue Service: Publication
526 entitled Charitable Contributions.
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