STOCK GIFTS
When giving securities, you have the option of making an gift today (outright gift) or a planned gift. Outright gifts are those where control of an asset is transferred to the Institute for Healing of Memories – North America. These include stock, mutual funds, or bonds and each asset is handled by a different procedure.
There are several benefits of donating appreciated stock:
• 100% of your stock value goes to support Institute for Healing of Memories – North America programs.
• By donating instead of selling, you do not have to pay any capital gains.
• You receive a charitable tax-deduction equal to the full, current value of the stock.
To make a gift of stock, please provide Institute for Healing of Memories – North America with the name of the stock and number of shares being transferred, date of transfer, and contact information for your broker. Please contact Gloria Hage, at 646.397.7652 or by email at ghage@healingofmemories-na.org.
Please instruct your broker that this gift is to benefit the Institute for Healing of Memories – North America. Questions can be directed to info@healingofmemories-na.org.
For gifts of Bonds or Mutual Funds, please contact Gloria Hage, at 646.397.7652 or by email at ghage@healingofmemories-na.org.
PLANNED GIFTS
By making a Planned Gift to the Institute for Healing of Memories – North America you are creating a more peaceful and just world for all. You can pass on a better world to future generations where healing, reconciliation and just societies are the norm. Planned Gifts can be a way to make a bigger impact then you ever thought possible.
Types of Planned Gifts
Charitable IRA Rollover (also referred to as Qualified Minimum Distribution)
If you’re 70 ½ years or older, you can donate up to $100,000 from your IRA to charities of your choice without having to paying income tax on the donation. The funds must be transferred directly to the charity.
Life Insurance and Retirement Plans
You can choose to designate a portion of all of your Life Insurance or IRA/401 (k) or other retirement plans to a non-profit. It may provide the opportunity to make a larger gift and heirs benefit as well since both are exempt from estate tax.
Bequest
This is the most popular type of Planned Gift. A Bequest is a gift made through a will or living trust. A Bequest is usually a set dollar amount or percentage of an estate that goes to a nonprofit after the donor’s death.
Charitable Gift Annuities
A charitable gift annuity provides you a fixed income payment for life in return for transferring an irrevocable gift of cash or securities. While providing for yourself and your family, you are making a lasting impact to create peace in the world. You also qualify for tax-benefits including a federal income tax-deduction when you itemize.
If you have any questions, please contact Gloria Hage, Executive Director, at 646-397-7652 or ghage@healingofmemories-a.org.
When including the Institute for Healing of Memories – North America in your giving plans, our Tax ID Number is 26-4684365.