Ways You Can Give
Ways You Can Help
The residents and staff appreciate all gifts that are given to The Beechwood Home. Please know that anything that you can do to help our residents is greatly appreciated. We hope the following information provides a brief overview of ways of giving to Beechwood that may suit your personal financial and philanthropic goals. The most common ways in which donors choose can have an immediate impact at Beechwood. These are:
Outright Gift
Matching Corporate Gift
Pledge
Gift-In-Kind
Planned Giving
Bequest
Charitable Remainder Trust
Charitable Lead Trust
Retirement Assets
Life Insurance
Remainder Interest in Real Estate
OUTRIGHT GIFT
Outright gifts are current contributions of cash, stocks, bonds, mutual fund shares, real estate and personal property. Outright gifts can be made by check, credit card or electronic transfer of stocks from your brokerage account to The Beechwood Home account. The benefits of an outright gift to Beechwood include a tax deduction based upon the current value of the gift and the avoidance of capital-gains taxes.
MATCHING CORPORATE GIFT
Many U.S companies match gifts of cash, stocks or bonds made to organizations like ours. Employees’ spouses and company retirees are often eligible for this program. The company’s matching gift form must accompany an individual’s gift, and both should be sent to the Development Office. Donors are entitled to income-tax deductions for their individual gift only. Please check with your company to see if they have a matching gift program!
PLEDGE
A pledge is a gift commitment intended to be paid over a period of one or more years. A donor is entitled to an income tax deduction when each pledge payment is made.
GIFT-IN-KIND
Donors may transfer assets such as works of art, rare books, musical instruments or coin collections as gift commitments. If the gift is used by Beechwood for a related purpose, the donor is entitled to an income-tax deduction for the current gift value. If Beechwood sells the gift or uses it for an unrelated purpose, any deduction is limited to the cost basis. Likewise, if the donor created the gift assets, the income-tax deduction is limited to the cost of producing the assets.
To discuss donations to The Beechwood Home, please contact:Dr. Patricia Clark
CEO
513-321-9294
pclark@beechwoodhome.com
Please visit our volunteer page to learn about how you can make a difference as a volunteer at The Beechwood Home with your gift of time.
PLANNED GIVING
Tomorrow’s Promise Legacy Society
The Beechwood Home depends on its many loyal and devoted friends for legacy gifts to help fund our residents needs well into the future. We invite you to join other friends who participate in our mission by including The Beechwood Home Foundation in your estate plans. These gifts are endowed gifts that will allow The Beechwood Home to continue serving residents for the next 125 years.
The Administration and Board of Trustees of The Beechwood Home serve our donors by ensuring their gifts are managed prudently and privately through The Beechwood Home Foundation.
Making any planned gift to The Beechwood Home entitles you to membership in the Tomorrow’s Promise Legacy Society. Your name, if you so choose, will be placed on our donor wall; a brick will be placed in your honor in our resident courtyard; and you will receive a certificate of appreciation.
BEQUEST
A bequest is made when a donor provides in a will or living trust for the transfer of a specific amount, a specific asset, or a portion of the remainder of an estate. Assets may be cash, stocks, bonds, mutual fund shares, real estate or personal property. Bequests benefiting The Beechwood Home avoid estate taxes.
Suggested wording for a bequest to benefit The Beechwood Home is as follows:
I give, devise and bequeath to the Beechwood Home, presently located at 2140 Pogue Avenue, Cincinnati, Ohio 45208, County of Hamilton, the sum of $_____________ (insert amount or percentage of estate), to be administered by the said Beechwood Home without restriction for its general purposes.
CHARITABLE REMAINDER TRUST
To establish one of several types of trust commitments, a donor transfers cash, securities or real estate to a trust. A fixed or variable income is paid to the donor and/or other beneficiary for life or for a specified term of years. Donors are entitled to income-tax deductions based upon the value of gifts and trust terms. Such gifts avoid capital gains and estate taxes. Commitments of this type appeal to donors who wish to contribute to The Beechwood Home and continue to receive income from investment of the gift assets.
CHARITABLE LEAD TRUST
To establish this type of gift commitment, a donor transfers cash, stocks, bonds or income-producing real estate to a trust. For the term of the trust, income from these assets benefits The Beechwood Home. Thereafter, the trust principal is typically returned to the donor or passed to the donor's family. Lead trusts enable donors to pass assets to family at significantly reduced value for gift and estate-tax purposes and also can enable donors to reduce taxable income during the trust term.
RETIREMENT ASSETS
Gifts from a retirement plan or IRA are made by naming The Beechwood Home as a beneficiary after a donor’s and/or spouse’s lifetime. Retirement assets can also be transferred to a charitable remainder trust to benefit Beechwood (see “Charitable Remainder Trust”). Gifts of retirement funds avoid estate and income taxes that would otherwise be paid if assets were distributed directly to family.
LIFE INSURANCE
To make a life insurance gift, a donor names The Beechwood Home as owner and beneficiary of a new or existing life insurance policy. Donors are entitled to income-tax deductions for new policy premiums or the cash value of an existing policy.
REMAINDER INTEREST IN REAL ESTATE
A donor’s residence, vacation home, or farm may be transferred to The Beechwood Home while reserving use of the property for the donor’s or another’s lifetime. An income-tax deduction is earned based upon the value of the property and the donor’s life expectancy. Capital gains and estate taxes are avoided. Remainder interest gifts generate current income-tax savings while allowing donors to continue lifetime use of their real estate.
The Beechwood Home administration and the Board of Trustees serve donors by ensuring their gifts are managed prudently and privately. The administration and board leaders assure that the uses of gift funds precisely follow donor wishes. Gifts made without restrictions are allocated only after the board determines the priority for their use.
Your gifts to Beechwood are tax deductible to the full extent provided by law.
Any gift other than an outright gift in cash or securities is subject to the gift acceptance policy as approved by the Board of Trustees.
To learn more about The Beechwood Home and how you can make a difference, please contact:
Dr. Patricia Clark
CEO
513-321-9294
pclark@beechwoodhome.com