ECH awarded YOP Tax Credits for 2017
ECH Every Child’s Hope has just been awarded new YOP tax credits for 2017 for our Conflict Resolution for Troubled Youth program!
The new 2017 YOP tax credits will apply to donations of $500 or more received between January 1, 2017 and December 31, 2017 and are available to any individual, business, or corporation paying taxes in the State of Missouri.
Our goal is to raise $160,000 by the end of the year, and we would love your assistance in helping us meet that goal!
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.
For more information about YOP donations, contact Sherry Gerke, CDO, at 314-427-3755 or firstname.lastname@example.org. Or donate to YOP on-line here:
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.
- Instructions for stock transfer to Every Child’s Hope Merrill Lynch
account are as follows:
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 folks 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 beneficiary.
- 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 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 Every Child’s Hope 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 in need for years to come.
Tax Wise Giving Options
There are many tax wise options for making a donation to ECH Every Child’s Hope. Call Sherry Gerke at 314-427-3755 or write to:
Chief Development Officer
ECH Every Child’s Hope
8240 St. Charles Rock Road
St. Louis, MO 63114