|
Charitable Acts
Through charitable giving, friends and supporters of the Foster Foundation can become partners in the
effort to reach our goals. Give knowing that you are making a difference! There are a number of ways
to provide support to the Foster Foundation.
ASSET GIVING
Listed below are the most common forms of assets used for giving:
- Check/Cash: The most common method of completing a financial pledge is via monetary donation. Gifts of cash can be paid over a three to five year period, with scheduled reminders sent according to the frequency specified by the donor.
- Appreciated Securities: Securities may be donated to the Foster Foundation and can provide tax advantages that gifts of cash cannot. For example, when appreciated securities (which have been held by the same donor for one year or more) are contributed, the donor may deduct the fair market value and completely avoid the capital gains taxes associated with the appreciation.
- Gift Annuities: The creation of an annuity can allow you to make a gift to the Foster Foundation and subsequently receive fixed annual payments for life. The amount of the payments is based on the age(s) of the donor(s) at the time of the gift.
- Life Insurance: When new or existing policies name the Foster Foundation as owner and beneficiary, all subsequent premium payments become tax deductible contributions.
- Wills/Bequests: It is very easy and rewarding to remember the Foster Foundation in your will by designating a portion or set amount of your estate to pass to the foundation. Many gifts are received as memorial tributes or remembrances. These gifts not only express the deep regard for loved ones but also help to support the goals of the foundation.
OTHER GIFT GIVING
There are many additional ways to make a meaningful contribution to the Foster Foundation:
- Charitable requests: These are a flexible way to support the Foster Foundation’s efforts for either unrestricted or restricted gift giving. Arrangements can be made to name Foster Foundation as the recipient of a percentage or fixed amount of an estate or as a residuary beneficiary, thereby leaving the foundation the remainder after specific bequests are paid.
- Life Income Gifts: These gifts, such as annuities and charitable remainder trusts, allow donors to make cash or appreciated property donations to Foster Foundation while receiving considerable tax benefits and regular payments for as long as they live or for a fixed number of years. These types of plans can help achieve many financial goals, including funding educational expenses, planning for retirement, and providing for elderly relatives.
A GIFT COMMITMENT OF $10,000 PLEDGED OVER FIVE YEARS IS $5 PER DAY AFTER A 10% DOWN PAYMENT.
GIVE KNOWING THAT YOU ARE MAKING A DIFFERENCE!
Please contact:
Joseph Leondis
Trustee
25 Rockaway Avenue
Garden City, NY 11530
Tel: (516) 247-9052
Email: info@fosterfoundation.com
|
