Your gift to 1889 Foundation can make a great impact over a longer period of time by establishing an endowment for a specific area. Starting with $10,000, your lifetime gift established as an endowed fund preserves the principal and only uses the income.
In some cases, property can be given outright to 1889 Foundation and the donor receives a charitable tax deduction for the property’s fair market value. In other cases, a donor can make a gift of real estate to fund a life income arrangement. If you choose to make a gift of your home, you could do so immediately but retain the right to live there during your lifetime. You would continue to pay taxes, insurance and maintenance costs, but would receive a substantial charitable tax deduction in the year the gift is made.
Through your will, you can make a gift to 1889 Foundation as a specific dollar amount or a percentage of your estate. The advantage of such an arrangement is your ability to donate without depleting current assets, and eliminate federal estate taxes.
Honor or Memory
1889 Foundation is pleased to accept gifts in memory of a loved one, or in honor of a specific person or occasion. Your gift will be listed in our annual report as you designate.
1889 Foundation is now offering a more affordable way to make a gift by paying it over the course of a year or setting up monthly credit card deductions.
Donors can use life insurance as a gift by naming 1889 Foundation as the intended recipient as owner and beneficiary of policies. The donor receives a charitable tax deduction based on the lesser of the policy’s fair market value or the net premiums paid. Donors may also wish to make gifts of paid-up policies whose proceeds equal the value of the gift, thus protecting the interests of family members.
You can double the impact of your gift to 1889 Foundation by taking advantage of your employer’s matching gift program. Ask your company about their matching gift program.
Call 1889 Foundation at (814-532-0100) for more information on any of these opportunities. Please note that tax laws are very complex and that tax benefits from a charitable contribution vary with individual circumstances. For this reason, we suggest that you seek the advice of a competent advisor.