Endowment Fund Giving Options
Cash donations will always be gratefully accepted
GIFTS OF SECURITIES
Your gift of appreciated marketable stocks or mutual fund shares provides significant support for the Warrior Football Foundation. It also may offer you important tax benefits.Rather than selling your appreciated securities and donating the proceeds, consider transferring them to The Warrior Football Foundation’s Endowment Fund. This is likely to increase the value of your gift because you will not incur sales expenses, and your transfer will not generate a taxable capital gain. If your securities have decreased in value since you acquired them, it may be to your advantage to sell them, report the capital loss deduction and donate the proceeds. If you hold highly appreciated but low-yield stocks, consider using them to fund a charitable remainder trust or a charitable gift annuity. We can convert the stocks to income investments and provide you with a long-term income stream while minimizing your taxable capital gain.
When the original purpose for a life insurance policy, such as educating children now grown or providing financial security for a spouse now deceased, no longer applies, your policy can become a powerful and simple way to support the Warrior Football Foundation’s Endowment Fund. As always, you determine exactly how your gift benefits The Warrior Football Foundation. There are three ways to give life insurance to the Endowment Fund: Name us a beneficiary of the policy. This gift is simple: update your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for the entire policy, for a percentage or for a specific amount. You can also make us a contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn’t survive you. Make an outright gift of an existing policy.You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax-deductible as a charitable gift. Note: Seek the advice of your Tax Professional, Estate Attorney, Financial or Legal Advisor.
Gifts of Cash
GIFTS OF REAL ESTATE
A gift of real estate is a unique way to provide a lasting benefit and is a convenient way for you to enjoy a charitable deduction. These gifts could include residences, vacation homes, farms, ranches, commercial property or undeveloped land.The charitable deduction is based on the current fair market value of your property, and it can reduce the size and complexity of your estate. An added benefit to donating property is that, in most cases, The Warrior Football Foundation’s Endowment Fund can assist in determining if a property should be held and managed, or sold with the profit being invested. In either situation, the income generated will benefit the purpose designated by the donor. Not only can real estate be used to make outright gifts, it can also be used to make future gifts to The Warrior Football Foundation. Real estate can also be used to fund a charitable remainder trust or a charitable gift annuity. A trust or annuity would provide you and/or another beneficiary with income for the rest of your life or lives. Ultimately, the remaining value would be transferred to the Warrior Football Foundation’s Endowment Fund to benefit and further the purpose of the Foundation.
TANGIBLE PERSONAL PROPERTY
Personal property such as antiques, stamp and coin collections, works of art, cars, boats, and other personal property can be used to support the Warrior Football Foundation. Your treasures can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether The Warrior Football Foundation’s Endowment Fund can use the property in a way that is related to it’s mission. “Related use” property-e.g., a piece of artwork donated to an art museum-is deductible at the full fair market value. Any other property is deemed “nonrelated use” property, and the deduction would be limited to the lesser of fair market value or your tax basis in the property. If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed.
Many companies will match your gift to the Warrior Football Foundation up to a certain level – some as high as triple matches! Matching gift contributions also count toward your own giving level to the Foundation. Please check with your employer’s human resources office for details on their matching gift program and matching gift forms.