Ways To Give
There are many ways to make a meaningful, lasting impact on Children's TherAplay for many years to come. For more information on any of the options below, please contact Kathy Pelletier, Executive Director.
If you choose to include The Children’s TherAplay Foundation, Inc. in your estate plans, please use our legal name and Federal Tax ID Number:
Name: The Children’s TherAplay Foundation, Inc.
Address: 9919 Towne Road Carmel, IN 46032
Federal Tax ID Number: 35-2121568
Cash Gift: A cash gift by cash, check or credit card will allow you to have an instant impact on the needs of our mission. This gift will also provide a federal income tax charitable deduction when you itemize.
Gift of Appreciated Securities: Publicly traded securities held for more than one year – such as stocks, bonds, exchange-traded funds (ETFs), and mutual funds – are the non-cash assets most frequently donated to charities. Why? Because they are most easily transferred to charities. Some tax benefits include federal deductions and you potentially eliminate the capital gains tax you would incur if you sold the stocks yourself. Please contact your investment advisor or your tax advisor for more details.
Donor Advised Fund: Tax-effective, convenient, and flexible. A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. Here is how it works: You donate assets into a DAF and recommend how those assets should be invested. Your contribution is tax-deductible and the assets in the DAF grow tax-free. When you're ready, recommend a grant to a charity you care about, and your fund manager takes care of the rest. Some people call it a giving vehicle. Others call it a philanthropic fund. In short, it is the most convenient, tax-efficient way to give back.
Gift in Your Will or Living Trust: You can make a gift by naming The Children’s TherAplay Foundation, Inc. as the beneficiary of your retirement funds held in your IRA, 401(k), or 403(b). This is a simple and effective way, and tax advantageous, to create your legacy since it will not be subject to either estate or income taxes, as it would be if left to anyone but a spouse.
Charitable Gift Annuity: A charitable gift annuity lets you receive guaranteed income for life and an immediate charitable income tax deduction, as well as supporting charitable organizations meaningful to you. By making an irrevocable gift to The Children’s TherAplay Foundation, Inc., the organization pays a fixed dollar amount to you and one other person (if you choose). The annuity income depends on your age, the number of people receiving payments, and the amount of your gift to establish the annuity. A portion of your gift annuity income may also be income-tax-free.
Beneficiary Designations: Increased flexibility by using:
- IRA and retirement plans
- Life insurance policies
- Donor advised funds
- Commercial annuities
Outright Gift of Life Insurance: This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate The Children’s TherAplay Foundation, Inc. as primary beneficiary for a percentage or specific amount. You can also name Children’s TherAplay as the contingent beneficiary so that they will receive the balance of your policy only if your primary beneficiary doesn’t survive you.
Charitable Remainder Trust: By transferring assets to establish a Charitable Remainder Trust, you receive an immediate tax deduction and lifetime income for you and your named beneficiary. You can also reduce or avoid capital gains taxes associated with the gifted asset, and you would remove the assets from your estate. When the trust’s term is complete, any remaining assets pass to The Children’s TherAplay Foundation, Inc. as a donation. Charitable Remainder Trusts offer a great detail of flexibility, and you can receive a fixed dollar amount each year, or a variable amount based on a fixed percentage of the fair market value of the trust assets.
Charitable Lead Trust: Allows you to make a donation to The Children’s TherAplay Foundation, Inc. for a period of years or during your lifetime. Then the assets return to you or your surviving family members. The result is gift and estate tax savings. A charitable lead trust can allow you to make significant gifts to charity and transfer assets to family members with little to no gift and estate tax.
Tax-Free Gift with an IRA: You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as The Children’s TherAplay Foundation, Inc. without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference for our mission. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution.