WAYS TO MAKE A GIFT

Gifts to the Lions Foundation may be in the form of outright gifts, pledges or a deferred commitment. 

Outright Gifts:

Gifts that can be placed at the immediate disposal of the Foundation. 

  • Cash and Cash Equivalents.  Cash is often the easiest way to give and the most frequently received form of gift by the Foundation.  These gifts normally take the form of currency or check.

Checks shall be made payable to the Helena Lions Club Foundation.

  • Publicly Traded Securities.   Gifts of publicly traded securities are normally made by electronic transfer to the Foundation Investment Account as instructed by the Foundation.  Stock gifts shall be valued based on the date of transfer to the Foundation and at the average of the high and low market value on the day of transfer.
  • Non-Publicly Traded Securities.   Gifts of non-publicly traded or closely held securities will be accepted by the Foundation after review and approval of the Foundation Board of Directors.  Valuation of non-publicly traded securities will be made by an independent accountant.
  • Charitable IRA Rollover.   Currently, donors 70 ½ years of age or older can give the Foundation up to $100,000 per year from traditional IRA’s tax free.  This is a popular tax saving opportunity which can replace the annual taxable minimum distribution required by the government on conventional IRA’s for taxpayers 70 ½ and over.   This tax saving contribution provision has been included in the Federal Tax Law since 2006 and is currently extended through 2012.
  • Real Property.  Real property includes improved or unimproved land, personal residences, farmland, commercial property and mineral interests.  All real property gifts must be accompanied by a current appraisal and each gift will be reviewed for marketability and environmental risks by the Foundation prior to acceptance by the Foundation Board of Directors. 
  • Tangible Person Property.  The Foundation may consider gifts of personal property, including but not limited to works of art, manuscripts, literary works, motor vehicles, computer equipment, etc. only after a review indicates that the property is readily marketable.  Gifts will be valued at their full market value
  • Pledges.  Pledges are a commitment to give a specific dollar amount in accord with a fixed time schedule.  All pledges are required to be in writing.
  • Memorial Gifts and Tribute Gifts.  A donor may give a gift to the Foundation in memory of a deceased individual or as a gift to honor an individual for recognized achievements.  The Foundation will notify the family of the deceased or the honoree of the tribute gift.

Planned Gifts

Planned gifts are deferred receipt gifts in which the donor retains an interest. 

  • Charitable Bequests.  Donors can make charitable bequests to the Foundation in wills or living trusts.  The charitable bequest is the most popular form of estate gift plans and offers the opportunity to create a legacy to benefit your favorite charitable organization or charity during your lifetime and beyond. 
  • Charitable Trusts.  Donors can establish charitable trusts as a tax advantaged method of making gifts to the Foundation.  Charitable trusts should be established by the donor in consultation with his/her own financial advisor.
  • Life Insurance Policies.  Gifts of a life insurance policy can be accepted by the Foundation in the event that the Foundation is named the owner and sole beneficiary of the gifted insurance policy.  The Foundation may, at its option, surrender the policy for its cash value, or retain the policy until the death of the donor. 
  • Life Insurance Beneficiary Designation.  Donors may designate the Foundation as the beneficiary or contingent beneficiary of their life insurance policies. 

Grants

Many local and national organizations provide financial assistance to charitable organizations through specific grant programs.  Opportunities exist for the Foundation to pursue grant programs when applicable.  The Foundation actively encourages prospective grant organizations to include our Foundation in their grant programs.

 

 

Helena Lions Club Foundation

Donor Benefits of Charitable Giving

A charitable gift to the Foundation will provide you with the satisfaction of knowing that your contribution will benefit not only the residents and businesses within our community, but perhaps those of need throughout our country and worldwide.

Tax Benefits

As a recognized entity organized under Section 501(c)(3) of the Internal Revenue Service code, the Lions Club Foundation provides tax benefits on charitable gifts to support charitable organizations and activities.

Legacy Benefits

Planned gifts made to the Foundation offers the opportunity to create a legacy to benefit the donor’s favorite charitable organization or favorite charity during the donor’s lifetime and beyond.

Gift Acceptance Guidelines

A gift is consideration given for which the donor receives no direct benefit and requires nothing in exchange beyond an assurance that the intent of the contribution will be honored

All gifts accepted by the Lions Foundation shall conform to all applicable tax laws and regulations affecting non-profit organizations and charitable giving.

All gifts offered to the Lions Foundation shall receive consideration.  Some gifts may be complex and the merits of a particular gift may require evaluation by outside advisors.

All gifts accepted by the Foundation shall be recorded and an acknowledgement will be made to the donor.

Gifts to the Foundation may be restricted by the donor for a specific purpose or activity of the Lions Club.  As an example, should the donor designate that his/her gift be made to assist the Lions Eye Examination Program, the gifted funds will be restricted solely for this purpose.  Gifts without instructions from the donor shall be presumed to be unrestricted and the Foundation may allocate the gifted funds at their discretion.  

 

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