Making a gift to charity is an important tradition for many people. Making gifts for the benefit of others offers a wonderful way to affirm your values and priorities and make a difference in the lives of others. There are many ways to support The INN through charitable giving while also helping you attain your personal and financial goals.
Gifts of Appreciated Securities
Many donors choose to make gifts to The INN in the form of publicly traded securities. Substantial tax benefits are realized by transferring appreciated securities held long-term (owned by the donor more than one year before the gift) to The INN.
By making such a gift, the donor is entitled to a Federal income tax deduction for the full fair market value of the security, subject to applicable limitations. By making a gift of the security itself instead of selling it and contributing the proceeds of sale, the donor avoids the capital gains tax liability.
Honorary or Memorial Gifts
All such gifts are acknowledged with a card sent to the honoree or to the family of the person being memorialized.
Many donors have a desire to pledge a portion of their personal estates to The INN as an expression of their dedication to the mission of The INN which they supported during their lifetimes. Charitable bequests to The INN may be general bequests for the immediate needs of The INN or may be directed to be added to the endowment funds of The INN to provide for the future needs of those who we serve.
Be a Sustaining INNsider
Your gifts play a vital role in the daily service to every guest. Please consider becoming a Sustainable INNsider. Become a “donor by the month” at any amount that works for you, for at least one year. Help us sustain the momentum of what it takes to offer dignity, respect and love every day, for every guest. Click here for more information on becoming a Sustainable INNsider today!
Gifts of Life Insurance
Some donors find that a gift of life insurance can be an ideal and cost effective way to make a gift now that will have a greater impact on The INN in the future. For example, The INN could be named one of the beneficiaries under an existing life insurance policy. Although the owner of the policy would not receive a tax deduction for the beneficiary designation, The INN would still benefit from the proceeds of the policy upon the death of the policy holder.
For more information on how to make a charitable gift, contact us at (516) 486-8506 or firstname.lastname@example.org