Donate Time, Talents, or Treasure.
We encourage you to discuss with your trusted advisors the many ways of giving. Charitable giving offers numerous ways to make a lasting and permanent difference for an organization such as Saint Francis Home. Your gifts provide the meaningful difference in what we do. The following are just a few of the many ways to give.
We are profoundly grateful for gifts of every amount and form; they are vital to our mission and purpose. We would love the opportunity to meet personally to discuss how enriching it could be to include Saint Francis Home in your personal philanthropic priorities.
Gifts of cash are the most common and often the simplest to make. Checks should be made payable to Saint Francis Home. Gifts may be undesignated, designated or restricted. Undesignated gifts provide the Board with maximum flexibility in meeting the most urgent needs of Saint Francis Home.
Gifts of appreciated stocks, bonds or mutual funds can provide special tax advantages. These include a charitable deduction for the full fair market value of the gift and avoidance of capital gains taxes. The simplest and most efficient way to make a gift of any security is to instruct your broker or banker to transfer the stock to Saint Francis Home. Our DTC number is 0715. You or your broker may contact Maureen Gallihugh at Davenport, 804-780-2126. You may also mail unsigned stock certificates to Saint Francis Home. For specific instructions, just give us a call.
Any gift may be designated in memory or honor of a friend or loved one. The family of the deceased, or person honored, will be notified of your tribute. The amount of the gift is not mentioned.
Gifts of homes, farms, and other real property can receive the same tax treatment as gifts of appreciated securities. We encourage real estate gifts that are not subject to liens or restrictions that may affect its market value. Gifts of real estate are reviewed on a case by case basis by the Board of Saint Francis Home.
Another way to support Saint Francis Home is through gifts of tangible personal property. When a gift relates to the charitable purpose of Saint Francis Home, the donor may be eligible for a deduction of the full fair market value. Gifts-in-kind of personal property will be reviewed on a case by case basis. Saint Francis Home does not accept gifts that fall under the IRS definition described in IRS publication 4303, which includes automobiles, airplanes, motor homes, boats, etc.
You may be able to multiply the value of your gift by participating in a matching gift program provided through an employer or board membership. Gifts from retirees and spouses may also qualify for a match.
The most common form of deferred or planned gift support to any charitable organization is a charitable bequest. A will or living trust is a very personal matter and should be prepared with your attorney. The following language may be helpful in how a bequest should be worded: I give, devise and bequeath to Saint Francis Home a charitable corporation located in Richmond, Virginia ____________ percent of my estate (or $ ______ or other personal or real property appropriately described) to be used for (specified use or unrestricted).
Numerous tax and financial benefits may be realized with a life income gift such as a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable gift of cash, securities or property and receives income for him or herself (may include another beneficiary, such as a spouse) for either life or a specified term of years. When the specified period ends, the remainder goes to support the work of Saint Francis Home.
You may want to consider naming Saint Francis Home as beneficiary of a permanent life insurance policy (whole, variable or universal). If Saint Francis Home is named both the sole owner and the beneficiary, the contributor is eligible to receive an immediate charitable deduction. Additional premiums paid may also be tax deductible.
Designation of Saint Francis Home as primary or contingent beneficiary of a private pension fund (e.g. IRA, SEP, 401 (k), profit sharing plan) can result in the most tax-wise testamentary gift possible. This is because retirement accounts are subject to taxes that other estate assets may avoid. Simply designate the Saint Francis Home as beneficiary on your plans beneficiary designation form.
You may generate a current income tax deduction by giving a home or farm to Saint Francis Home while retaining the right to occupy, rent or otherwise use the property during your lifetime. The property will also be removed from your taxable estate.
These are just a few of the many ways to give. You should carefully discuss with your own advisor your intention to charitably support Saint Francis Home. All gifts of every amount and form are important. We express our profound appreciation to every donor who includes Saint Francis Home in their personal philanthropic priorities.