Types of Gifts
Gifts of Cash or Securities
The simplest gift you can make is a cash gift that can be used immediately to fund current programs. Cash gifts can also be used to establish to establish a permanent endowment, creating a reliable source of future income. This tax-deductible donation may come in the form of cash, check, or credit card charge.
The gift of stock and other securities is an easy way to donate to South Texas Children’s Home. A gift of appreciated stock is often more beneficial than cash, since the donor is eligible for a Charitable Income Tax Deduction for the fair market value of the stock and does not have to pay capital gains tax on the sale of the stock by the charity.
Donors often find they are able to make a more substantial contribution designated for their particular area of interest by pledging their gift to South Texas Children’s Home over a set period of time. Donors may adjust the timing and amount of each payment to achieve the most beneficial tax treatment.
A charitable bequest enables an individual to express specific philanthropic wishes upon the donor’s death. A bequest allows a donor to reduce federal estate taxes and applicable state inheritance taxes while also leaving a lasting legacy to South Texas Children’s Home (STCH). Donors may choose to name STCH as the beneficiary, or one of the beneficiaries, of their will or living trust. At the time of this designation, your financial advisor can prepare a letter stating your intent, which you may then send to South Texas Children’s Home.
Gifts of Retirement Assets
Retirement plans are often the largest asset in the portfolio of most families. However, when Individual Retirement Accounts (IRAs) and other plans are left to heirs through an estate, they are subject to multiple layers of taxation which reduces the benefits to designated family members. This can be overcome by designating either a portion or all of the funds in a qualified plan as the estate assets to use for a charitable bequest.
Charitable Remainder Trust
One of the most tax-advantaged gifts is the Charitable Remainder Trust (CRT). When an appreciated asset is transferred into a CRT, the donor receives an immediate income tax deduction, is able to bypass potential capital gains tax, and avoid the donation being subject to gift or estate taxes in the future. In return, South Texas Children’s Home agrees to pay the donor an income for life. The CRT saves current and future tax dollars, generates an increase in current income, and results in a substantial gift to South Texas Children’s Home.
Charitable Gift Annuity
The Charitable Gift Annuity (CGA) enables donors to give to a charity while also securing an income. Like a charitable trust (CRT), the gift annuity contract transfers an asset to South Texas Children’s Home, and in return, donors receive payments every year for the duration of the contract.
Corporate Matching Gifts
As a benefit to its employees, some companies “match” charitable donations made by their employees to certain types of organizations. This allows a donor’s gift to increase in value, sometimes doubling or even tripling the original contribution. To determine if you or your spouse works for a company that provides matching gifts, check with your human resources department.
Gifts of Life Insurance Policies
South Texas Children’ Home may be designated as the primary or secondary beneficiary of an individual’s life insurance policy. This is an excellent way to provide a substantial future gift for South Texas Children’s Home at a minimal current cost. Consult with your financial advisor to explore this charitable giving opportunity.
Gifts of Property, Real Estate, or Mineral Interests
For gifts of property, real estate, or mineral interests to benefit the programs of South Texas Children’s Home Ministries, please contact a separate corporation – South Texas Children’s Home Land Management (STCHLM) at 361-375-3278 or firstname.lastname@example.org.
An in-kind contribution is a tangible item or product, which once donated, directly impacts the children and families served. Examples of in-kind gifts include vehicles, tools, new or gently used clothing, Kans for Kids food and household items, school supplies, birthday presents, and Christmas gifts, to name a few. In-kind-gifts are typically given directly to South Texas Children’s Home Ministries. You may contact them at 361-375-2101 or at email@example.com.
South Texas Children's Home is a tax exempt, non-profit 501(c)(3) organization.
P.O. Box 1210, Beeville, TX 78104 - 361-375-2417
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