Community Rescue Mission is a 501 (c) 3 non profit organization and your contribution is tax deductible.
Simplest way to give
Donate the policy or name Community Rescue Mission as beneficiary
If you own property that is paid off, you can transfer this asset to a beneficiary and still live in it
Reduce tax to heirs by naming Community Rescue Mission or favored cause as your beneficiary
Best to donate are appreciated stocks
Funding your gift with stock or other appreciated assets can be advantageous for you and Community Rescue Mission. Transfer these assets directly to Community Rescue Mission, rather than sell them first and then give the proceeds. Transferring the assets directly to Community Rescue Mission allows you to
Sometimes a loss on appreciated assets can be of value. If assets have decreased in value, consider selling them first, thereby creating a loss for tax purposes, and making deductible gifts for the cash proceeds. Check with your financial advisor to see it this would be a wise way to give.
Make larger gifts in years when you have more income. The higher your tax bracket, the greater the saving from your charitable gifts. Talk with your financial planner and accountant for ideas which allow you to achieve your personal giving goals.
Other gift ideas: securities, mutual funds, treasury notes, planned/estate gifts, IRAs, cash reserves, investment & interest income, dividends, family trusts, inheritance gifts-in-kind, oil & mineral rights, royalties, options, and income from other business resources. All such gifts will be converted to cash and applied toward the project. In some cases, you may need to dispose of the asset and give the proceeds to Community Rescue Mission. Consult your advisors about the most advantageous way to give for greatest benefits.
Bequests: Make a gift in your will
Charitable Gift Annuity: Your transferred assets benefit Community Rescue Mission and your life income payments
Charitable Lead Trust: Provides for Community Rescue Mission as well as your children
Charitable Remainder Trust: Pays you income based on the asset value
Donor Advised Fund: Simple and flexible, provides immediate tax benefits but you still have input on future disbursements
Retained Life Estate: One of your valued possessions, your home, can become a gift, even while you are living in it