Support Our Mission

Ways To Give

Outright Gifts

An outright gift in the form of cash or securities can be used for a variety of purposes. A donor can designate their gift to underwrite current needs including programs or fitness equipment or in support one of the endowment, whereby the principal of the gift is invested to produce income each year for long term support of our residents.

Gifts of Securities or Stock

Securities Gifts of stocks or bonds are an option for individuals who wish to support the mission of The Loomis Communities and possibly reduce or eliminate capital gains tax. The contribution deduction for gifts of securities is based on the property's fair market value. For listed securities such as stocks and bonds, the value is the average between the highest and lowest selling price on the valuation date. The cost basis of the security, which is the fair market value of the security when an individual acquired it, either through a gift or purchase, is helpful to know in determining the best gift option. If the securities that you wish to give to Loomis Communities have decreased in value below their original cost, it may be better to sell the security and give the proceeds as your gift.

Bequests

Naming The Loomis Communities in a will is probably the most common way of supporting the endowment and for some individuals the easiest way to provide a lasting gift. Bequests can be made in a specific gift amount or as a percentage of an estate. In addition, you may indicate the way you wish their bequest to be used. If you are interested in designating your bequest to be used for the endowment, it is necessary to use the language "for The Loomis Communities endowment." If you wish your gift to be used for another purpose or for general charitable purposes, the language in the will should state that purpose.

Charitable Gift Annuities

A charitable gift annuity is an income producing gift vehicle whereby a donor transfers cash or securities to a charitable organization and in return receives fixed payments depending on age, as well as a charitable deduction for the initial gift. Charitable gift annuities of $10,000 or greater can created to benefit a purpose you indicate. Current annuity rates based on age are recommended by the Council on Gift Annuities are subject to change without notice.

Here is a sample of single life annuity rates: 65-5.7%, 70-6.1%, 75-6.7% 80-7.6%, 85-8.9%, 90+ 10.5%. These rates are effective November 1, 2008. For charitable deduction and payout information or for annuity rates for other ages or for two lives, please contact the Director of Development and a sample of benefits will be prepared for you.

Put Your Loomis Communities Entrance Fee Refund to Work for You

A charitable gift annuity created from your Loomis Communities entrance fee refund pays 2 ½% less than a traditional charitable gift annuity. However, it will give you income for life utilizing an asset that would not otherwise be accessible for your use.

Charitable Trusts

There are several options available for those interested in establishing charitable trusts. Some trusts are set up so that the donor receives a fixed or variable income, and the principal eventually goes to a charitable organization such as The Loomis Communities. Some trusts involve a charitable organization receiving payments based on how the funds in the trust are invested. Information about charitable trusts and whether they are a good idea for you to consider in your estate planning should be discussed with your attorney or financial advisor.

For more information…..

Thank you for your interest in the Loomis Communities! If you have questions about any aspect of The Loomis Communities Development Program or the various types of gifts that can support the mission, please contact Carol Constant, Director of Development 413-552-1505 x184, cconstant@loomiscommunities.org.

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