Gift Types
Pledges
Pledges enable a donor to plan a personal giving program that is both convenient and tax-wise. A pledge may enable a donor to consider a more significant gift than would have otherwise been possible. Terms for payment on pledges are flexible and at the option of the donor.
Securities
Securities may be made as outright gifts or as a payment on a pledge. Stock certificates may be reassigned directly to the organization or may be transferred through the donor’s broker. The closing value on the date of the transfer will determine the value of the gift for tax purposes. It is best to consult with our Development Specialist before a transaction is made. Gifts of appreciated securities are tax deductible. You can also email us at [email protected].
Planned Gifts
In certain instances, it may be preferable from an estate, financial, and tax planning perspective to consider long-term gift planning as the best way to make a gift. This can be accomplished through various gift instruments, such as charitable remainder trusts, gift annuities, charitable lead trusts, and bequests.
Endowments
Once established, an endowed fund is a dependable and perpetual source of support, since the principal is invested and only a portion of the earnings is spent annually.
Matching Gifts
Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. Find out if your company has a matching gift program.
Gifts in Memoriam/Gifts in Honor of
Honoring a family member, friend, colleague, classmate, or faculty member with a gift is a touching way to pay tribute to that loved one.
Gifts in Kind
Alternatives to monetary gifts such as equipment and supplies are always appreciated.
PLANNED GIVING
Detroit Area Agency on Aging encourages individuals, families, organizations and corporations to consider DAAA a priority when planning to donate to a deserving charitable cause. Your generous gift benefits Holiday Meals on Wheels and other programs that target the needs of seniors and disabled adults.
Giving may take the form of cash, stocks, bonds, real estate, or personal property.
Give an outright gift that qualifies for maximum charitable benefit under state and federal law.
Make a bequest, which designates a gift or portion of your estate upon your death. In some cases, this results in a substantial reduction in federal gift and estate taxes.
Through an annuity, you receive immediate tax benefits from your gift of cash or property while ensuring that you or a loved one receives fixed payments for life.
Placing cash or property in a charitable lead trust yields a fixed payment to DAAA for the number of years you designate. At the end of that period, assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes.
Your appreciated stock can perform great works in the community through a general donation or a charitable fund in your name. You can benefit from a tax reduction on the full market value of your stock and avoid the capital gains tax that would otherwise arise from the sale of this stock.
Opening a charitable family fund allows you and your family to make a gift to DAAA and remain actively involved in how the gift is used. Your family receives tax benefits the year your gift is made.
So if you’d like a simple way to make a big difference in your community, contact Rhonda Parker to explore your donor options:
Telephone: (313) 446-4444 ext 5819
Email: [email protected]