Give the Gift that Keeps on Giving!
The Meals For The Elderly Endowment Fund was established by the Board of Directors so that donors could make gifts to the program that would keep giving through the years in perpetuity. In this way, the gifts are a continuing source of help to Meals For The Elderly. Donations are invested in conservative interest/dividend bearing instruments with the annual earned income used to support program needs.
Gifts may be made to the Endowment Fund in a number of ways, depending upon your particular situation. The following may be helpful as you consider the best way for you to make a gift.
Wills or Bequests
Giving through your Will can be a convenient way to leave a lasting legacy to benefit the Meals For The Elderly Endowment Fund. The testamentary gift under your Will may be in the form of a specific dollar amount, a percentage of your estate, or a stream of income from a testamentary trust.
Cash
Gifts made to the Meals For The Elderly Endowment Fund in cash or by personal check are among the most common ways to contribute. A cash gift provides you with an established value for federal income tax purposes.
Stocks and Securities
Charitable giving through stocks, securities, or mutual funds is one of the most advantageous methods for purposes of maximizing your charitable deduction of federal income tax purposes. If you have owned appreciated stock or securities for more than one year, you may deduct full fair market value of the stock as a charitable contribution and avoid all capital gains taxes.
Life Insurance
You may want to consider using a life insurance policy to endow a gift to the Meals For The Elderly Endowment Fund. The gift may be for all or a portion of the proceeds.
Personal Property
Collectibles, such as art, jewelry, antiques, and other items of personal property make excellent gifts to the Meals For The Elderly Endowment Fund.
Real Estate
The gift of a home, farm, ranch, unimproved land, or commercial property to the Meals For The Elderly Endowment Fund may be an attractive option. You may even give a remainder interest in this property to the Meals For The Elderly Endowment Fund, receive a charitable contribution deduction for federal income tax purposes, and retain the right to use and maintain the property for your lifetime, and use the income in produces.
Trusts and Annuities
Charitable remainder trusts enable you to make a gift to the Meals For The Elderly Endowment Fund and continue to receive income from that property for life. A Charitable lead trust, by contrast, enables you to make a gift of the income from the property for a period of time with the remainder interest in the property passing to family members.