Ways to Give > Current Gifts


Current Gifts: Giving during your lifetime...


Cash/Pledges

Ask if your employer has a matching gifts program so you can double your contribution and provide treatment and quality of life services for twice as many youth in our care.


In-Kind Tangible Gifts of Personal Property

In-kind gifts are a wonderful way to make a non-monetary gift to The Children's Home of Wheeling. Gifts of goods and services that help to support the quality of life of the children in our care are always welcome.


Perhaps you have furniture or appliances that you no longer need or art, rare books, stamps or antiques. In-kind gifts give you the satisfaction of sharing what you no longer need while you enjoy valuable tax benefits.


For example, a gift of personal property made during your lifetime entitles you to an income tax deduction and reduces taxes on your estate. If the gift is made through your will, your estate will benefit from estate tax savings.


To receive these favorable tax benefits for gifts of personal property, the use of your gift must be related to the purposes of The Children's Home of Wheeling.


Event Corporate Sponsorship

Your corporate sponsorship of one of our fundraising events furthers our mission. We will acknowledge that your business beforehand in publicity and during the fundraising event.


Stocks/Securities

Making a gift of appreciated securities (stocks, bonds or mutual funds) to The Children's Home of Wheeling is easy and has special tax benefits.


When contributing securities that you have held for more than one year:

  • The Children's Home of Wheeling receives a gift equal to the market value.
  • You can take a charitable tax deduction equal to the market value (up to 30% of your adjusted gross income) of the securities if you itemize your tax return.
  • You avoid paying any capital gains tax and you remove the value of the securities from your taxable estate.


Example

You donate stock that you purchased five years ago for $2,500 that is now worth $10,000. You can take a federal charitable tax deduction of $10,000 and avoid paying any capital gains tax, which saves you a total of $4,600 in federal income tax. (See example below: amount may vary based on individual tax rate.)


Making a gift of stock to The Children's Home of Wheeling is very simple, involving an electronic or paper transfer from your stockbroker or mutual fund company to our account.


Example

Dorothy Williams was considering a gift of $20,000 to The Children's Home of Wheeling in honor of her grandmother. She inherited stock in 1990 at a cost basis of $5,000. Today the value is $20,000. The gift of stock provides a double benefit (a charitable tax deduction of $20,000 and the capital gains saved on the $15,000 appreciation).


A cash gift of $20,000 generates the same income tax deduction, but provides no capital gains savings. The gift of appreciated stock is the most effective way to accomplish her objective.


Real Estate/Investment Properties

One of the most valuable assets you might want to consider giving to The Children's Home of Wheeling when you no longer need it is your home, vacation home, commercial property, undeveloped land or other real estate property. You have the option of giving the property today through a transfer of deed, or you can elect to continue living in the property, with an agreement to pass ownership to The Children's Home of Wheeling at your death. There are several ways to make a real estate gift to The Children's Home of Wheeling, each with its own benefits:

  • You can choose to give the property outright and receive a federal income tax deduction equal to the current fair market value of the property (up to 30% of your adjusted gross income). This gift also permits you to avoid any potential capital gains tax on the built-in appreciation.
  • You can choose to use a gift of real estate to fund an annuity life income arrangement, where you contribute the real estate in exchange for a lifetime income from the property. Under this option, the property is used to fund a type of charitable remainder unitrust. It will provide you and/or another beneficiary with a lifetime income from the trust. Further, you would be entitled to a current federal income tax charitable contribution deduction equal to the value of The Children's Home of Wheeling's remainder interest in the property. Plus, it avoids tax on the property's gain.
  • You can choose to give real estate to The Children's Home of Wheeling, but retain the right to continue to live there until your death. (retained life tenancy) With this option, you agree to pay the costs of maintaining the property while you are living in the home, and receive a substantial charitable tax deduction in the year you transfer ownership.


You can also leave real estate in your will. This will give you a current tax deduction and a federal estate tax charitable deduction for the fair market value.


Gift Annuities

A charitable gift annuity is an excellent way for you to support The Children's Home of Wheeling, while ensuring your financial future. A charitable gift annuity is a simple contract between a donor and The Children's Home of Wheeling, where The Children's Home of Wheeling agrees to make fixed annuity payments for life to you or someone else you designate, in return for a gift of cash or marketable securities.


Annuity Payments: Payments are made to you (or whomever you designate as the beneficiary) at an agreed upon amount on an agreed upon schedule for the remainder of your life. Payout rates are determined based on the age of the income beneficiary and the amount of the gift. At the time of your death, any remaining balance is disbursed to The Children's Home of Wheeling.


Tax Implications: As the donor, you may take a federal income tax deduction during the year the gift is given, as a contribution to charity, minus the total amount of any annuity payments made to you or your designated beneficiary during that tax year.