There are a variety of ways to give that will help children and families find hope, experience healing, and develop skills to be their best now and for years to come. A few of these options are listed below.
YOP TAX CREDITS
ECH is awarded YOP tax credits for our Conflict Resolution for Troubled Youth program.
Our YOP tax credits have currently been claimed, but we are taking a waiting list for donations received by December 31, 2019. These credits apply to donations of $500 or more and are available to any individual, business, or corporation paying taxes in the State of Missouri.
As you know, the benefit to you as a YOP donor is a 50% Missouri State Income Tax Credit that can be used anytime within the next five tax years. For example, a $500 donation would qualify for $250 in state tax credits. Additionally, all YOP donations qualify for the standard federal and state income tax deductions as allowed by IRS regulations.
Tax Wise Giving Options
Gifts of Stock
Making a donation of long-term appreciated stock offers a two-fold tax savings:
- Avoid capital gains tax on any increase in stock value
- Receive a tax deduction for the full fair-market value of the stock on the date of the gift
Information for stock transfer to Every Child’s Hope Merrill Lynch account: DTC# 8862
Name on account: Evangelical Children’s Home DBA Every Child’s Hope
Merrill Lynch Contact:
Natalea Simmons Beaudean at 314-290-5701
or Emily Cuba at 314-290-5928
Charitable Gift Annuities
Charitable gift annuities have become one of the more popular forms of giving for donors over the age of 65. Gift annuities are funded with cash or securities, to provide a guaranteed income to the beneficiary(s) based on a combination of monthly rates set by the IRS and the age(s) of the donors.
- Immediate tax deduction
- Interest rates as high as 7% (determined by age)
- Guaranteed income for your life
- Guaranteed gift to ECH Every Child’s Hope after you die
Gifts from your IRA
One of the key benefits of a direct contribution to ECH from a traditional IRA is that the distribution counts towards your Required Minimum Distribution (RMD) if you are 70 ½ or older. You may contribute up to $100,000 in a calendar year. The gift may also be used to satisfy a multi-year pledge to the agency.
Gifts of Life Insurance
Contribute a life insurance policy by naming ECH as either the owner of the policy or simply as the beneficiary.
Consider naming ECH as a beneficiary in your will. Unless otherwise specified, all bequests are placed in our Reserve Fund where they combine with the gifts of others to continue to serve children and families for years to come.
There are many tax wise options for making a donation to ECH.
Contact Sherry Gerke, Chief Development Officer at 314-427-3755 or email@example.com.