Ways to Give
Planned Giving
Thank you for your interest in Boys & Girls Clubs. Our hope is to serve you and your family with helpful information that connects your gifts to a particular program area that meets your interest and passion. Your support can make a difference in supporting all young people, especially those who need us most, to reach their full potential as productive, caring and responsible citizens.
We invite you to explore the benefits of gift planning. The Albany Boys & Girls Club Foundation offers a variety of options for donors to support our work. Find out which method of giving is best for you.
Ways To Give
Gift planning is an art that combines knowing what, how and when to give. Using the right technique results in gifts of surprising significance, often with dramatic tax and financial rewards. Your support should be carefully planned to assure your personal satisfaction.
Who manages the Foundation’s funds?
The Board of Directors of the Foundation chose the Oregon Community Foundation and Edwards Jones to manage the investments.
OCF is located in Portland, and is a statewide non-profit organization that administers permanent charitable funds established through gifts and bequests. They currently manage over 1,166 permanent funds, with assets over 900 million dollars.
Edward Jones – Chris Scariano office is located in Albany. Edward Jones serves nearly 7 million investors from more offices than any other investment firm in America. They attribute a great deal of our success to our principles and personal, long-term approach to investing.
Gifts of Cash
Cash contributions are deductible as an itemized deduction in the year you make the donation, up to a total of 60 percent of your adjusted gross income. Excess charitable deductions can be carried forward for up to five additional years.
To donate by check please complete this form and mail your donation to the address below. To donate by phone, or for assistance with a donation, please call (541) 926-6666 ex. 218
Albany Boys and Girls Club Foundation
P.O. Box 804
Albany, OR 97321
Gifts of Securities
If you have stocks, bonds, or mutual funds that have matured in value and are producing a low yield, you might consider donating them to a charity such as the Albany Boys & Girls Club Foundation. If you have held these securities for more than a year, you pay no capital gains tax and are entitled to a charitable deductions (up to 30% of your AGI) for the fair market value of the stock.
If you have stocks that have depreciated in value, it’s usually best to sell the stocks and take advantage of the loss on your taxes and contribute the cash.
Gifts of Life Insurance
If you own a life insurance policy that has built up cash value, but is no longer needed for its original purpose, you can use it for a charitable donation. You will receive some savings on your income taxes, and could reduce estate taxes. You may also find that including a charitable organization as a beneficiary for all or part of a life insurance policy can be a good way to include a gift through your estate.
Gifts of Real Estate
If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You can claim an income tax deduction for property held for more than one year based upon the fair market value of the property, avoid all capital gains taxes, and remove that asset from your taxable estate. Or, you can give your home or farm now and continue to use your property for life and receive an income. You will be entitled to an income tax deduction based on your age and the value of your property.
Charitable Remainder Trust
A Charitable Remainder Trust is a popular type of life-income plan. Real properties, cash, securities, or other holdings are placed into an irrevocable trust. The trust then pays you or others a fixed income (CRAT) or variable income (CRUT) for life or for a term of years. When the Trust terminates the remaining assets go to the Albany Boys & Girls Club Foundation. A CRAT or CRUT is a great way to avoid capital gains tax, get an immediate charitable deduction, and retain an income stream from the amounted gift.