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Veterans Inc. is a private not-for-profit organization which receives nearly 40% of its total revenue from individual contributors like you. Every dollar you give helps Veterans Inc. bring a more comprehensive range of professional services to homeless veterans and veterans in need. There are several ways that you can make a difference and help the shelter provide optimum services to our residents.
Contributions of Cash and Goods
All contributions are tax-deductible. You may send a check or make a delivery to the shelter at the following address: 69 Grove Street Worcester, Massachusetts 01605 You may make a donation on the internet via PayPal: You may call our toll-free number to make arrangements: (800) 482-2565 or send us email: Veterans Inc. We sincerely appreciate any contributions that you are able to make. The following guide is intended to help you plan a meaningful gift to Veterans Inc. All information provided is general in nature. For specific advice concerning your situation, please consult your attorney. BackQuick and Easy GiftsGifts to Veterans Inc. can take many forms. For your convenience, we accept gifts of cash, checks, credit cards, in-kind gifts and more. Your gift may be designated to a specific area memorial, operational, recreational, development. Unrestricted gifts will be used to meet the general ongoing needs of Veterans Inc. We do not recommend sending cash through the mail. Please make checks payable to: 69 Grove Street Worcester, Massachusetts 01605 Gifts made to Veterans Inc. with your debit, MasterCard or Visa puts your donation to work immediately. BackAnnual GiftsThe Veterans Inc. Annual Fund provides critical ongoing support of the programs and services with the greatest need. Veterans Inc. solicits annual gifts from the local community and corporations. Unrestricted gifts to the annual fund are an important source of steady income that enables Veterans Inc. to target support for activities and projects such as operation safe quarters, development of transitional and permanent supportive housing, expansion on the Veterans Inc. Computer Academy and additional educational programs. We do not recommend sending cash through the mail. Please make checks payable to: 69 Grove Street Worcester, Massachusetts 01605 Gifts made to Veterans Inc. with your debit, Mastercard or Visa puts your donation to work immediately. BackPlanned GiftsWhat is Planned Giving? A planned gift is a way to make a gift now that will provide immediate financial benefits to you and future benefits to Veterans Inc. By making a planned gift, you may enjoy tax savings, income for life (funded by assets such as appreciated securities). A variety of methods used to make these gifts range from simple bequests made in wills to setting up charitable trusts. BequestsIf you decide to leave assets from your estate to Veterans, Inc. by provision in your will, or a codicil to your will, this is a bequest. You can bequeath a specific amount of money, a percentage of your estate, or specific property. Your estate will receive a charitable estate tax deduction at your death, when the gift is actually made. A bequest enables you to make a significant gift to Veterans Inc. while retaining full control of your assets throughout your life and can reduce your estate taxes. Charitable Remainder TrustsThis trust would make payments, either a fixed amount (annuity trust) or a percentage of trust principle (unitrust), to whomever you choose to receive the income. You may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, the Veterans Inc. would receive whatever amount is left in the trust. Charitable reminder unitrust provides some flexibility in the distribution of income, and can be helpful in retirement. Charitable Lead TrustsThe lead trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principle (unitrust), to Veterans Inc. for a set term of years to support any program you might designate. When the trust terminates, the asset is ultimately returned to you (a grantor lead trust) or to your heirs (a non-grantor lead trust). You may claim a charitable tax deduction for funding a non-grantor lead trust. The lead trust is one of the few ways to reduce transfer taxes that would otherwise be due on assets left to your heirs. Real Estate / Retained Life EstateYou may gift your personal residence to Veterans Inc. and retain the right to live there for the remainder of your life. You would receive an immediate tax deduction, but would continue to maintain the property and pay taxes and even receive any income it may generate. At your death Veterans Inc. could use or sell the property. Life Insurance GiftsA direct and simple way to make a planned gift would be to name Veterans Inc. as the beneficiary to receive all or a portion of the proceeds of a life insurance policy. This method may also offer tax advantages; these vary state from state. Appreciated Securities / Gifts of Appreciated StockIf you have stocks which have greatly appreciated in value since their purchase you might want to consider them as a charitable gift to Veterans, Inc. You can deduct the fair market value of qualified non-cash property and pay no capital gains tax on gifts of long-term appreciated property (held for at least a year and a day). This can dramatically reduce the cost of making a charitable gift or increase the amount you can afford to give. An endowment, as with any good investment, increases in value over time. For the donor, an endowment means your fund will exist in perpetuity. Your fund will grow to keep pace with or exceed inflation should no further contributions be made. For Veterans Inc., an endowment preserves capital, provides long term growth, provides income for Veterans Inc., increases purchasing power, and the account keeps pace with or exceeds inflation. As an example, consider a $100,000 unendowed gift to Veterans Inc. for capital improvements. If $10,000 were allocated each year there would be zero dollars remaining in the fund after 10 years. However, if that $100,000 were used to establish an endowment, the money would be invested and each year, a portion of the fund's earnings would be allocated to capital improvements. A portion would be reinvested in the fund's principle, and a portion would be used to cover investment fees. After 10 years, even if no further contributions were made to the fund, the fund would still exist, continue to provide capital improvement support, and the amount of both the principle and the award would increase over time. Back"Giving Works" Program on eBay
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