Foundations of Catholic Health » Our Foundations » Continuing and Home Care Foundation » Ways to Give

Ways to Give

There are almost as many variations on ways to make a donation as there are needs to be met. Explore this section to discover ways to make a gift that also take into consideration your personal circumstances and the needs of your heirs.

Outright Gifts

An outright gift is a donation of cash, securities or personal property.

To make an outright gift to the Continuing & Home Care Foundation, please contact us for more information or mail your donation to the following address:

Continuing & Home Care Foundation
565 Abbott Road
Buffalo, New York 14220
Phone: (716) 828-2036
Fax: (716) 828-3499

Memorials and Endowments

Memorial gifts are gifts made in honor of a loved one. Memorials may be made through a will or trust, or through other methods.

An endowment is a permanent fund bestowed upon an individual or organization. An endowment provides tax benefits and a public memorial for the donor.

Bequests

A bequest is a gift that you designate in your will. When making a bequest, you may stipulate that a specific amount be given to the organization, or you may stipulate a percentage of your estate or name a specific asset.

Advantages of Bequests:

  • Bequests are not taxed by the federal government.
  • A bequest may be changed throughout your lifetime.
  • A bequest is not payable until death, so it does not affect your assets or cash flow during your lifetime.

Annuities and Trusts

Charitable Gift Annuities

A charitable gift annuity is a contract between the donor and a charitable organization, in which the charitable organization receives cash, marketable securities or other assets and agrees to pay a fixed amount of money to one or two individuals for their lifetimes. You receive annuity payments for your entire life in exchange for a gift to us. After your lifetime, the balance is available to help support our mission. 

The minimum amount to fund an annuity is a $10,000. Click here for more information about charitable gift annuities.

Advantages of Charitable Gift Annuities:

  • You receive a fixed and secure amount for life. Generally, the older the donor, the higher the payment.
  • You make your contribution now and receive an income tax charitable deduction, but you may postpone the start of your annuity payments until a specified future date.

Charitable Remainder Trusts

A charitable remainder trust is a trust that is established for charitable purposes. The trust pays income to the donor or other beneficiaries during their lifetimes, and the remainder goes to a qualified nonprofit.

Unlike a charitable gift annuity, you can name more than two beneficiaries, and the minimum amount to fund a trust is $100,000.

  • Annuity Trust: With an annuity trust, you will receive a fixed dollar income for life. You decide the amount to be paid to you each year from the trust, knowing this income will remain certain and unchanged.
  • Unitrust: With a unitrust, the annual income from a unitrust is a fixed percentage of the fair market value of the trust assets.

Advantages of Charitable Remainder Trusts:

  • You receive regular payments for the rest of your life.
  • With an annuity trust, assuming you itemize your deductions on your federal income tax return, you can take a sizable income tax charitable deduction in the year that you establish your trust.
  • Payments from a unitrust have the potential to increase over time.
  • When you fund a unitrust, you are entitled to a sizable income tax charitable deduction.

Charitable Lead Trusts

A charitable lead trust sets aside money or property for the benefit of one or more persons or organizations. You may establish the trust during life or at death, and the income from the trust flows to the organization for a designated number of years. After that time period, the assets from the trust are distributed to individuals such as your children.

Advantages of Charitable Lead Trusts:

  • You can provide a charitable gift while leaving an inheritance to your heirs.
  • You make a significant gift now that reduces the taxes due on transfers to your heirs later.
  • All appreciation that takes place in the trust goes tax-free to your heirs.

Retained Life Estate

A retained life estate is a gift of your home to the Continuing & Home Care Foundation. This gift may be made even while you are still living in it, and even if you want your spouse or other survivor to live there for life. You continue to be responsible for all taxes and upkeep.

Advantages of a Retained Life Estate:

  • By deeding your home to us now, you can obtain a sizable income tax deduction this year because the gift cannot be revoked.
  • You and your spouse can live in the home for your lifetimes.
  • You retain the right to rent your home or make improvements to it.
  • You can terminate your life estate at any time and take an additional income tax deduction.

More Information

Please contact us for more information about giving to the Continuing & Home Care Foundation.