Generous residents, family members of residents, local citizens, volunteers, businesses and philanthropic organizations are just some who give their funds and time to support and further our mission. Medicare, Medicaid and private insurance do not cover all of our expenses. As a charitable, not-for-profit, tax exempt 501 c. 3 organization, all gifts to Quaker Heights are tax deductible as permitted by U.S. IRS law. For more information, please contact Lisa Gooding, Quaker Heights Care Community Director of Development and Marketing, goodingl@quakerheights.org; 513-897-6628.
Here are some of the more common ways people give:
Cash Donations Many people give by writing a check and mailing it to us or they use their credit card to donate via our secure web site. Others take our envelopes to funeral directors who make them available when a loved one, who was cared for at Quaker Heights, passes. Gifts of cash (including checks and credit card donations) qualify for charitable income tax deduction in the year the gift was made in accordance with Internal Revenue Service regulations. People may give without restrictions and permit us to direct the funds to where most needed or they may designate how they would like their gift to be used. We send our thanks and receipts suitable for the givers' tax records for every gift. If you have any questions about cash gifts, please call or email Lisa Gooding, 513-897-6628; goodingl@quakerheights.org.
Click here to make an online donation.
Memorial Funds
Some choose to start a fund within the Quaker Heights Foundation in memory of their deceased relative who was cared for at Quaker Heights. A number of families have designated these funds to be used in certain ways that would have pleased their loved one. If you would like to start a memorial fund, please contact Lisa Gooding at 513-897-6628 or goodingl@quakerheights.org.
We also can provide envelopes to you to give to friends and relatives, or to have at a funeral home, when your loved one that we have cared for has passed. We send a thank you letter to each giver along with a receipt suitable for the giver's tax records. Families are notified of who has given so that they may send their own notes of appreciation.
Planned Giving--Wills, Trusts and Other Options
Sometimes called deferred gifts, the term "planned giving" refers to specific strategies that, in most cases, benefit Quaker Heights at some point in the future while offering benefits to the donor.
The gift of a paid-up life insurance policy is one example of a planned gift. By designating Quaker Heights as owner and beneficiary of such a policy, you will receive a charitable income tax deduction that, in most cases, is equal to your cost basis in the policy.
The Charitable Remainder Trust (CRT) is a versatile charitable giving tool. With the CRT it is possible to bypass capital gains tax on the sale of highly appreciated assets, generate income, receive an attractive charitable income tax deduction, and fulfill your philanthropic objectives.
A bequest left to a charity in one's will is one of the most common ways people give. Next to writing a check, a bequest makes it possible for you to eventually assist people and organizations important to you without relinquishing needed assets during your lifetime. Through your will you can transfer a specific asset. Or, you also may choose to give a percentage of your estate after costs and taxes. One may also choose to transfer property to a testamentary trust. It is wise to speak with your qualified financial planner or lawyer about these options and your own situation.
Stocks or Bonds: If you've owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value if you choose to give these assets to a charitable nonprofit organization.
Real Estate: Real estate that has been held for more than a year can provide you with a charitable deduction based on the current fair market value and will bypass capital gains tax on any appreciation.
Personal Property: In some cases, selected artwork, books and antiques can be an appropriate gift. However, to insure that an item qualifies for a favorable charitable tax deduction, please contact our Development Director prior to making a gift. Normally, we require that the giver obtain a fair market value appraisal.
How We Can Serve You
While it is important that you confer with trusted legal and financial advisors about your particular financial needs, our Development Director is happy to discuss with you ways your philanthropic wishes can benefit you and Quaker Heights Care Community. Please feel free to contact Lisa Gooding to discuss opportunities or with any questions you may have. She can be reached at 513-897-6628.
Facebook Page