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Many Ways to Support Mercyfirst 
If the work of MercyFirst is important to you, there are many ways to support it without jeopardizing or neglecting the needs of your family. Click here to give now or call 516.921.0808 Ext. 1162 to find out more about giving options. Among the opportunities for tax advantaged charitable give to MercyFirst are: • Cash or check: Because these gifts provide funds that can be put to immediate use in our programs, they are especially important to MercyFirst. Gifts by cash or check are subject to the most liberal tax rules - The higher your tax bracket, the greater your tax savings will be. • Securities: Gifts of appreciated securities that you have owned for more than a year can be very advantageous. Capital gains taxes are completely avoided,, and a tax deduction can be take for the full market value rather than just your original cost. • Pledges: You can make a substantial gift much more affordable by spreading the payment of a pledged amount over several years. Since pledges are deductible in the year in which payment is actually made, this may also give you an opportunity to adjust the time and amount of each payment to achieve the most beneficial tax treatment. • Real Estate: Real property – where it is residential, commercial, or just vacant land – may be contributed in various tax-advantaged ways. • Life Insurance: Gifts of existing policies that you no longer need make excellent gifts, as do new policies that enable you to make sizeable gifts on the “installment plan”. For existing policies, you can generally deduct the entire replacement value of the policy, plus any premium payments that you subsequently make. If the policy isn’t completely paid up, its approximate cash values, plus future premium payments, are usually fully tax deductible. • IRA or CD: Many people designate a favorite charity as the beneficiary of their IRA Retirement Account or a Certificate of Deposit. Upon the account holder’s death, any funds that remain the account will automatically go to the charity that was designated. • Matching Gifts: You can double or triple the impact of your generous charitable gift to MercyFirst. Many companies will match charitable gifts made by their employees or directors, sometimes on a tow-for-one basis. Check with your company’s personnel or human resources office to obtain the necessary forms and information. |
