Ways
to Give
There are many ways to
support Hattie Larlham. Some of them are
quick and easy like making a donation
online with your credit card. Others
are more involved and may require meeting
with your financial planner or attorney.
The Hattie
Larlham development department is happy
to work with you and your professional advisors
to customize a gift plan that matches your
specific needs and goals. Learn more about
planned giving
solutions at Hattie Larlham.
Below is a list of the
many ways you can support Hattie Larlham.
Cash
Hope At Work
Capital Campaign
Annual Fund
Memorial and Tribute
Gifts
Employer Matching Gifts
Gifts of
Appreciated Securities
Bequests
Gift Annuities
Life Insurance
Retirement Accounts
Charitable
Remainder Trusts
Charitable Lead
Trusts
Gifts in Kind
Cash
Gifts of cash, checks,
money orders and credit card charges all
help the lives of the children and adults
served by Hattie Larlham. These gifts are
accepted for any purpose consistent with
our mission, values and goals. Donate
Online.
Hope at Work
Capital Campaign
Your financial support
of the Hope At Work capital campaign
will help Hattie Larlham continue to make
a difference in the lives of children and
adults with profound disabilities long into
the future. The campaign is a renovation
and expansion of the Hattie Larlham Center
for Children with Disabilities. When it
was designed in the 1960s, the building
was a state-of-the-art facility. Since then,
it has undergone only one major upgrade.
To learn more about this exciting $16 million
project, visit the Hope
At Work section or contact the
development department.
To contribute to the Hope
At Work capital campaign, complete
and return the donation
form (PDF).
Annual Fund
The annual fund raises
unrestricted dollars from individuals, corporations
and foundations to bridge the gap between
Medicaid and the real cost of care for people
with disabilities. The annual fund must
raise approximately 10 percent of the current
operating budget to maintain the level of
quality therapeutic, nursing, education
and recreation programs.
Donations to the annual
fund are vital to the future of Hattie Larlham
and the people we serve as they allow us
to use your gift wherever the current need
is greatest. This provides the ability to
address immediate priorities and to bring
direct benefits to children and adults in
our care.
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Memorial and Tribute
Gifts
A memorial gift is an
appropriate way to honor the passing of
a loved family member or friend or respected
neighbor or colleague. A tribute gift is
a thoughtful way to recognize someone for
a special achievement or milestone, religious
occasion or life-cycle event like a birthday,
wedding, graduation or anniversary.
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Employer
Matching Gifts
Double or even triple
the impact of your donation to the Hattie
Larlham Foundation by participating in your
employer’s matching gift program.
Many employers will match
your charitable contribution with an equal
or higher amount if you are an employee,
retiree, board member or if your spouse
is. The Hattie Larlham Foundation is a 501(c)(3)
nonprofit organization, an important qualification
for many companies’ matching gifts
programs.
If your company is eligible,
request a matching gift form from your employer,
complete the form and mail it along with
your gift. The Hattie Larlham development
department will do the rest. Learn more
about employer matching
gifts.
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Gifts
of Securities
A gift of appreciated
securities held for more than one year may
provide significant benefits:
- Providing a charitable
income tax deduction for the fair market
value of the gifted securities as of the
date of the gift
- Eliminating capital
gains tax that would ordinarily become
due if you had sold the appreciated securities
on the open market and donated the proceeds
to Hattie Larlham
- Claiming your charitable
deduction against up to 30% of your adjusted
gross income. Any unused deductions can
be carried forward over the next five
years
- Helping to achieve
your long-term goal of reducing income
and estate taxes
If you have securities
that have lost value and are interested
in donating them, it may be preferable to
sell the securities first and contribute
the proceeds to charity as opposed to gifting
the securities outright. This process should
permit you to claim a deduction for both
the loss from the sale of the securities
and the charitable gift. Please consult
with your financial and tax advisors.
There are two ways to
donate securities: physical or electronic
delivery.
Physical Delivery: you
may deliver securities to us in person,
by registered mail or by courier. If they
are registered in your name, you must provide
an irrevocable
stock/bond power form (PDF). To ensure
that we properly acknowledge your gift for
income tax purposes, please notify us in
advance with our gift
notification form (PDF).
Electronic Delivery: Your
broker can electronically transfer your
securities to us. This request must be made
in writing usung the electronic
transfer authorization form (PDF). Upon
receipt of this form, our broker will advise
us of your gift so that we may recognize
your generosity and acknowledge your donation.
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Bequests
A bequest is an easy and
popular way to support the mission of Hattie
Larlham in the future. You can include a
bequest provision in your will or revocable
trust. Bequests can be changed or modified
if your circumstances change and this will
not affect your assets or cash flow during
your lifetime. Your bequest reduces the
value of your estate for federal estate
tax purposes and is also usually exempt
from state inheritance taxes. There are
various types of bequests (general, specific,
residual, contingent and percentage) and
they can be either restricted for a particular
use or purpose or unrestricted. Please advise
us if you have included Hattie Larlham in
your will or trust documents so that we
may thank you and recognize your generosity.
Individuals interested
in supporting the work of Hattie Larlham
are asked to complete an Estate
Intention form (PDF) to reference your
future plans. For more information about
bequests, please see types
of bequests, which include sample bequest
clauses. These sample clauses should be
reviewed by your attorney before use.
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Gift Annuities
A gift annuity is a simple
contractual agreement. In return for your
donation of cash or securities, Hattie Larlham
agrees to pay you and an optional second
beneficiary a fixed amount for life. The
payment amounts do not fluctuate and are
secured by our assets. They are based on
factors like age, number of beneficiaries,
the current IRS Discount Rate and the starting
date. You can select an immediate annuity,
which begins paying you when you make your
gift, or a deferred annuity, where payments
start at a later date of your choice. Deferral
delays your payout in exchange for a higher
annuity rate and a larger charitable deduction.
Gift annuities provide several tax benefits.
First, you receive an income tax deduction
based on the full value of the contributed
assets minus the present value of your retained
life-income interest. Second, if appreciated
securities fund the annuity, there is no
upfront capital gains tax. Only part of
your capital gain is reportable. The tax
will be spread out over the time frame of
your annuity payments. Third, part of each
annuity payment is considered as the tax-free
return of your principal. This essentially
increases the cash flow from your annuity.
Please note that the IRS treats the capital
gain and tax-free-payment benefits as in
effect during your life expectancy; if you
live beyond that period, the entire annuity
payment is taxed as ordinary income. To
establish a gift annuity or obtain a personalized
proposal, please complete and return charitable
gift annuity form (PDF) to Hattie Larlham.
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Life Insurance
Donating a life insurance
policy is often overlooked as a means to
benefit the individuals served by Hattie
Larlham. One way to help is to name us as
the irrevocable owner and beneficiary of
a paid-up policy that your family no longer
needs. This action results in a charitable
deduction amounting to the cash surrender
value or basis, whichever is less. An alternative
method to assist us is by purchasing a new
policy on your life and naming Hattie Larlham
as the owner and beneficiary. We will pay
the premiums and you may deduct your gifts
offsetting those payments.
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Retirement Accounts
You and your heirs will
benefit significantly by naming Hattie Larlham
as beneficiary of your IRA, 401(k), 403(b),
Keogh or other qualified plan. You can take
withdrawals during your lifetime and change
the beneficiary if your circumstances change.
Giving us all or part of your retirement
plan assets through a will or revocable
trust avoids both income and estate tax
levied on the residual. This enables you
to distribute your assets in a more tax-efficient
manner, because you can use assets not subject
to income tax (unlike retirement accounts)
to make gifts to your heirs.
The Pension
Protection Act of 2006 provides special
opportunities for individuals aged 70 ½
and older. With certain restrictions regarding
deadlines, amounts and conveyance procedures,
donors can now make lifetime gifts using
funds from their IRA without undesirable
tax effects.
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Charitable
Remainder Trusts
A charitable remainder
trust is a powerful gift-giving and tax-saving
device. There are two basic types: an annuity
trust and a unitrust. An annuity trust makes
fixed annual payments to the donor, their
spouse and/or their beneficiaries for life
or a specified term of years. Once created,
additional contributions are not permitted.
A unitrust pays a percentage of the market
value of the trust assets (re-valued annually)
to the donor or the named beneficiaries
for life or a maximum term of 20 years.
Unitrusts are usually drafted to allow future
contributions that provide additional tax
deductions. With both types, you transfer
cash, securities or appreciated property
into the trust. When it ends, the principal
or remainder interest passes to Hattie Larlham.
Generally, we will not serve as trustee.
Charitable remainder trusts benefit the
donor by providing an immediate income tax
deduction for part of the contributions
to the trust.
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Charitable
Lead Trusts
For affluent individuals
and families, a charitable lead trust is
a valuable gifting strategy with major tax-saving
incentives. It is designed for those who
hold appreciating assets earmarked for the
next generation. It reduces gift and estate
taxes. The goal is not to increase income
or reduce income tax, but rather to preserve
the value of your estate. Under normal circumstances,
we will not serve as trustee. After you
donate cash, securities or other property
to a trust, the trust then makes fixed annual
payments to Hattie Larlham for a specified
number of years. Upon the termination of
the trust, the remaining principal passes
to your heirs.
Establishing a charitable
lead trust offers several substantial benefits.
First, you qualify for a gift tax deduction
for the present value of the annuity payments
to Hattie Larlham. Second, the annuity payments
and trust term can be adjusted to reduce
or eliminate the transfer taxes due when
the principal goes to your heirs. Third,
all appreciation that builds in the trust
passes tax-free to your heirs. Lastly, you
can use your available estate tax credit
to further reduce taxes on transfers to
heirs.
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Gifts in Kind
Gifts of artwork, rare
books, collectibles, coins, gems, equipment,
supplies or other personal property are
greatly appreciated. Upon receipt, Hattie
Larlham may hold, display, use or sell the
property and use the proceeds for our programs
and services. You receive an immediate income
tax deduction for the gift’s appraised
value and pay no capital gains tax, provided
that the donation meets the related use
requirements of the Internal Revenue Service.
Please see our policies
and procedures for gifts in kind.
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