You have several options from which to choose when making a gift to Moravian Manor. By exploring—without obligation—all the gift vehicles available to you, you will discover ways to help the Manor while enjoying personal and financial benefits as well. Various options will allow you to make a larger gift than you would otherwise, will provide life income, and will offer tax benefits.
Gifts of cash, usually in the form of a check, are generally the most popular method of giving. If you itemize deductions, cash gifts are tax deductible up to 50 percent of your adjusted gross income.
Moravian Manor accepts gifts through Visa, MasterCard, and Discover. You can download the Gift Form and mail it to Moravian Manor or you can make a credit card gift online or download a gift form using this link.
Securities and Mutual Funds
Securities and mutual funds are a favored gift choice because of the double tax benefit. With a gift of appreciated securities or other assets, you can deduct the full fair market value, up to 30 percent of your adjusted gross income, and avoid capital gains taxes.
It is important that you contact us so that we can assist you with transfer instructions. If you own securities in a brokerage account, we can help you set up an electronic transfer of the shares to our brokerage account. If you possess actual stock certificates, we can tell you how to sign the certificates over to us and fill out a stock power form.
Many corporations and businesses will match employee gifts of cash/securities up to a fixed amount. In many instances, gifts from retired employees also qualify for matching gifts. Check with your employer for a matching gift form or contact us for assistance.
Real Estate and Tangible Personal Property
Real estate and tangible personal property, also known as Gifts-In-Kind, can be donated to Moravian Manor. Because of the special considerations involved, we recommend that you contact us to discuss your plans.
A gift by bequest can be designed when writing your will or by adding a codicil to your existing will. A bequest can be a fixed amount, a percentage of your estate, or the residual value of your estate. A bequest can be designated for a specific purpose or to establish a Named Endowment Fund. (Download sample bequest language to include Moravian Manor in your will.)
Gifts of life insurance can be made by naming Moravian Manor beneficiary, contingent beneficiary, or transferring ownership of a policy to the Manor. In the latter case, you receive an income tax deduction for the cash surrender value and subsequent premiums.
Consider gifting retirement assets by designating Moravian Manor as beneficiary of your retirement account. Your estate will not be subject to income taxes on retirement plan assets that have yet to be taxed. Beneficiaries of these plans will owe income tax totaling up to 35 percent of the assets so consideration of bequeathing less heavily taxed assets to heirs might be a wise choice.
Donors who have reached age 59 ½ may withdraw funds from IRAs or other pension plans without penalty. These withdrawals will be considered taxable income, but will be offset by a charitable income tax deduction, to the extent allowed by the IRS. This, most likely, will result in a wash.
Charitable Gift Annuities
Charitable Gift Annuities (CGAs) are a very popular choice among donors. When you make a gift in the form of a CGA, you are guaranteed an annual income for life for you and/or for another person. Additionally, you receive a substantial income tax deduction in the year the gift is made, and a portion of the annual income you receive is tax-free.
Charitable Remainder Trusts and Charitable Lead Trusts can be established to benefit the donor, heirs, and Moravian Manor. We are available to assist you and your financial planner in your gift planning.
Each person’s unique financial situation must be considered when making a gift and we strongly encourage you to discuss your gift options with your financial advisor and/or tax accountant. Information contained on this website should not be considered legal advice.