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Making
a Gift
to
Goodwill
Industries |
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web page is designed to provide you with ideas on
the many different ways you can show your support
and assist Goodwill to fulfill its mission.
By making a financial donation to Goodwill you gain
so much more than just tax savings. You are helping
people with disabilities and significant barriers
to employment obtain the training they need in order
to become self-supporting. Your cash donation provides
the vehicle that allows hundreds of individuals each
year, who were never given the encouragement or the
chance, an opportunity to give themselves and their
families a better life. We value your contribution
to our work and will endeavor to make the best and
most efficient use of it. Should you have any questions
or wish to make a financial donation please contact
us at: |
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| Goodwill
Industries of Central Florida, Inc.
Attention:
Vice President of Marketing & Development
7531
South Orange Blossom Trail
Orlando,
Florida 32809
(407)
235-1536
Email:
V.P.
of Marketing & Development |
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Wills
& Bequests are
legal declarations of a person’s wishes as to
the disposition of their property after they are deceased.
We suggest that when preparing your will that you
consult an attorney to assist with its preparation.
This will ensure that all state legalities are satisfied.
If you plan to bequeath a gift to Goodwill Industries
of Central Florida, be sure to use our full name and
include the federal tax payer identification number
59-0908166. Bequests for unrestricted purposes
offer Goodwill the flexibility to use your gift for
the greatest need at the time which is determined
by the Board of Directors. You may designate a percentage
of your estate to be given to
Goodwill once all the other provisions have been met
or establish a set dollar amount.
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A
Charitable Remainder Annuity Trust is
a trust which is arranged to pay a return or fixed annual
percentage of 5 percent (or more) of the net fair market
value of the assets placed in the trust. The trust assets
are valued at the time the property is placed in the
trust. The trust assets are never revalued.
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Gifts
of Retirement Assets are
a great source for setting aside a bequest to a favorite
chairty. You can designate the charity as a beneficiary
and funds will be passed onto the charity free upon
the death of the individual. Arrangements
can be made so that the beneficiary receives all the
remaining funds in the account or an established percentage
of the fund. It's important to note that if
you choose a charity as a beneficiary you must designate
the charity as beneficiary of the retirement plan
not just assigned in your will.
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| Gifts
of Life Insurance can
provide another option for a donor to make a charitable
gift. The donor may want to make the charity the beneficiary
of a life insurance policy. The donor retains lifetime
ownership of the policy, keeping the right to cash
it in, borrow against it, and change the beneficiary.
The individual retains the ownership of the policy
and will not receive an income tax charitable deduction
for this future gift or for the premium payments during
their lifetime. The policy's proceeds will be included
in their gross estate, and the estate of the donor
can take an estate tax charitable deduction.
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| Goodwill
Industries of Central Florida, Inc. is a 501(c)3 corporation,
and all donations are fully tax-deductible.
A copy of the official registration and financial
information may be obtained from the Division of Consumer
Services by calling toll-free (800-435-7352) within
the State of Florida. Registration does not imply
endorsement, approval or recommendation by the state.
Registration number for Goodwill Industries of Central
Florida is CH5843.
We hope that
the information provided to you has shown you the
many different ways to support Goodwill Industries
of Central Florida. Your gift means so much to those
individuals less fortunate. It gives them hope, dignity,
and self-esteem. It gives them a new start to a better
life for themselves and their families.
Thank
you for thinking of us when planning your estate.
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have listed below various ways to donate to Goodwill
Industries. You may wish to explore these in greater
detail.
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Charitable Gift Annuity is
a very popular way to make a financial gift to a favorite
charity. The donor agrees to make a gift to the organization.
The organization accepts the gift, but is required to
pay a fixed and specified dollar amount to the annuitant
for life. This option is a combination of an investment
and a gift. A charitable gift annuity immediately
becomes the property of the charity and is an irrevocable
gift. The charity is legally bound to fulfill its commitment
to pay the annuitant(s) for life.
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| Charitable
Lead Trust - During the
term or life of the trust, an annuity or unitrust income
interest is distributed each year to the designated
charitable beneficiary and the assets are eventually
transferred to the trustor's or grantor's designated
non-charitable beneficiary(ies).
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Charitable Remainder Unitrust is
similar to an annuity trust; it is arranged to pay a
return or fixed annual percentage of 5 percent (or more)
of the net fair market value of the assets placed in
the trust, however, the trust assets are revalued annually.
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| Gifts
of Real Estate - Real
estate can often times be a large part of an individual's
wealth. Gifts of real estate can enable a donor to make
a significant contribution to the charity of their choice.
Each situation of a gift of real estate needs to be
reviewed to determine the suitability of the property
as a gift. Normally, an acceptable piece of property
is one that can be readily sold and does not create
a financial burden to the charitable organization. There
are many ways property can be given to an organization,
it's best to discuss this with your financial planner.
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| Gifts
of Appreciate Assets are
usually gifts of common stock or mutual funds. This
is an easy way for a donor to make a contribution to
a charity and receive tax benefits based on the value
of the asset(s). While the gift of appreciated assets
often involves stock, any marketable asset can be designated
to a charity. However, make sure to confirm that the
organization will accept this type of gift. Land, antiques,
homes and many more different types of assets are potential
gifts with the possibility of valuable tax benefits.
Depending on the circumstances involved, gifts of real
estate can be an effective means of planning a gift.
Much of the individual wealth in America is invested
in real estate. While the first thought often is a home
or farm, real estate can involve a vacation or second
home, an apartment or commercial building, a shopping
center, or undeveloped land.
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