Memorial and Honorary Gifts
If you have a family member or friend whose life has been touched by FaithCare, we hope you'll consider making a gift to us in honor of that person.
Memorial and Honorary Gifts: Getting Started
Providing a gift establishes a living tribute that allows you to:
· Honor a loved one or yourself
· Support our continuing efforts
· Receive personal financial benefits from your contribution.
You may feel reluctant to condition your gift upon personal recognition. Yet allowing us to use your name or the name of a loved one can inspire philanthropy in others and further a cause that's important to you.
Giving Now or Later
Any charitable gift you arrange can be made in honor of someone. Consider these two basic methods of establishing an honorary gift.
A gift today—An outright gift can help fund our immediate needs or an upcoming project. The financial benefits include an income tax deduction and possible elimination of capital gains tax.
A gift through your will or living trust—You can include a bequest in your will or living trust stating that a specific asset, certain dollar amount or—more commonly—a percentage of your estate will pass to us at your death in honor of your loved one.
No matter which basic method you choose, you have the ability to endow your gift so that it lasts forever. Endowments are structured so that you designate the purpose of your gift. Your gift is invested with and becomes part of our endowment and a distribution is made each year. Because the principal remains intact, the fund will support our mission in perpetuity.
We are Here to Help
To learn more about FaithCare’s current needs or to notify us of your intention of making an endowed gift, please contact Venton Forbes, Executive Director, at 860-321-7377 ext.12 or VForbes@faithcare.net