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Table of Giving - How You Can Make a Difference
The table outlined here indicates the number and size of gifts received and still required for the Building on a Legacy of Caring Campaign to meet its goal. All gifts, large and small, are important and participation at all levels will be the key to success.
|
PATTERN REQUIRED FOR SUCCESS |
|
# OF GIFTS |
IN THE RANGE OF |
TOTALING |
|
1
3
12
16
20
30
60
|
$250,000
$100,000
$50,000
$25,000
$10,000
$5,000
$1,000
UNDER $1,000 |
$250,000
$300,000
$600,000
$400,000
$200,000
$150,000
$60,000
$40,000 |
|
Total $2,000,000 |
|
PROGRESS TO DATE |
STILL REQUIRED |
|
# OF GIFTS |
TOTALING |
# OF GIFTS |
TOTALING |
|
-0-
3
4
12
28
40
125
201
|
-0-
$300,000
$230,000
$345,000
$321,798
$232,806
$209,506
$62,860 |
1
----
8
4
----
----
----
---- |
$250,000
$0
$370,000
$55,000
$-121,858
$-82,806
$-149,506
$-22,860
|
Total $1,701,970 |
Total $298,030 |
This represents 85% of the Goal
Ways You Can Give…
One-time Gifts – Outright gifts in the form of cash allows donors to receive full tax benefits. The donor can deduct the value of the gift up to 50 percent of the donor’s adjusted gross income. Any amount given in excess of this limit can be carried over and deducted for up to 5 subsequent years.
Budgeted Gifts – When making a substantial gift, it is often advantageous for a donor to budget a gift over a period of time. For this reason, ECRMC has adopted a 5-year period, as a suggested standard for pledges permitting donors to make larger contributions than might be possible in a single tax year. Pledges can be fulfilled annually, quarterly, monthly or on any schedule the donor may prefer.
Gifts of Assets - Some other ways gifts can be made include: gifts of securities, capital assets, personal property, real estate, current life insurance policies, retirement accounts and by bequest.
Tax Information
Gifts to the Building on a Legacy of Caring Campaign are fully deductible for federal income tax purposes – up to 50 percent of adjusted gross income in any one year, or up to 30 percent if the gift is in the form of appreciated securities or real estate. Corporations are allowed a deduction of up to 10 percent of net income before taxes.
For additional information, please call the ECRMC Development Office at 336-2685.
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