How To Give

It’s easy to make a gift to St. Ann’s Foundation, using any of the methods listed here. If you would like to discuss the details of a specific gift, please contact Steven Smith at St. Ann’s Foundation.

If you’d like to consider support of a program, a memorial gift or a tribute to a caregiver or friend, click here.

Note: Gifts to St. Ann’s Foundation are tax deductible to the fullest extent of the law. Receipts for tax purposes will be provided for all gifts.

Cash, Check or Credit Card

Cash gifts, usually in the form of a check or a credit card transaction, are always welcome. We accept Visa, MasterCard, American Express and Discover. Gifts of cash may be deducted from taxable income - talk with your accountant to see how much of your gift can be taken as a deduction.

Make check payable and mail your gift to:

St. Ann's Foundation
1500 Portland Avenue
Rochester, New York 14621

Pledges

You may choose to make a multi-year pledge in support of a specific program.

This method will enable you to consider a larger investment with payments stretched over a period of months or years. The recommended pledge payment period is three years. Reminder notices will be sent at regular intervals as requested. Pledges are tax-deductible only as payments are received.

United Way

Make St. Ann’s Foundation the beneficiary of your annual United Way giving, by selecting Donor Choice #2113. Your United Way donor designate gift will make it possible for every resident to enjoy social activities, celebrations of their faith, and opportunities to share special occasions with their friends and family.

How to Give - Donor Counsel

St. Ann’s will be pleased to work with you to determine how you may wish to make a gift, but you are encouraged to consult your own financial advisor before finalizing a gift. Such counsel can help you make the largest possible gift to St. Ann’s at the least possible expense. Personal financial circumstances vary considerably and must be carefully considered in order to receive maximum benefit from existing tax laws.

Securities (Stocks & Bonds)

Giving appreciated assets that have been held for more than 12 months may offer you significant tax advantages. The long-term capital gains tax is eliminated, and you maybe entitled to a deduction equal to the fair market value of the securities. Because of capital gains considerations, it may be more beneficial to contribute appreciated securities than to sell them and donate the proceeds. Donation of depreciated securities or closely held stock require special considerations. Please consult your tax attorney or financial advisor for guidance.

Please contact Steven Smith at St. Ann’s Foundation for specific instructions on transferring securities.

Bequests

The simplest and most common form of planned giving is a provision in your will or living trust for a gift to the Foundation. Your gift can be designated for a special cause or program within St. Ann’s Community, or for the general fund. A bequest in your will is deductible from federal estate taxes, making this an advantageous choice for your heirs.

Contact Steven Smith at St. Ann’s Foundation if you have additional questions.

Charitable Gift Annuity

A gift annuity is a simple, contractual agreement between one or two donors and the Foundation, in which the donor transfers assets to the Foundation in exchange for our promise to pay the donor an annuity.

Contact Steven Smith at St. Ann’s Foundation if you have additional questions.

Other Ways to Give

Charitable Remainder Trust

The most popular and flexible type of life income plan is a charitable remainder trust. Cash, securities, real property, or other assets are transferred into a trust, which then pays you (or others whom you designate) an income, either for a period of time you choose, or for life. When the trust terminates, the remaining assets in the trust are transferred to the Foundation.

Pooled Income Fund

This is a special fund to which any number of donors may contribute, with the understanding that each donor will receive income from the fund throughout their lives. When each donor dies, the value of his or her shares becomes the property of the Foundation, to use for charitable purposes.

Charitable Lead Trust

This trust pays income to the Foundation for a specified number of years. When the term is up, the principal can be passed to your children or grandchildren, reducing or even eliminating estate taxes.

Individual Retirement Accounts

You can help your heirs save on taxes by naming the Foundation as the leading beneficiary of your Individual Retirement Account (IRA) and establishing a charitable trust. The trust provides income for your children or loved ones for 20 years, after which the balance is used to create a permanent fund in your name through the Foundation. Your heirs actually will receive more income from the IRA than if they had been named the beneficiaries outright.

You also have the option of naming the Foundation as the sole beneficiary of your IRA. The entire IRA will then become a charitable gift, eliminating income and estate taxes that would otherwise be taken by the federal government.

Real Estate

Gifts of real estate that have increased in value may offer significant tax advantages. Benefits may include a full fair market value charitable donation up to 30% of adjusted gross income, with a five-year carry over provision and no capital gains tax on the property appreciation. Gifts of real estate will be credited at their appraised value at the time the gift is made.

Gifts of property that have lost value may be given most advantageously if the donor sells the property, takes a loss for tax purposes and then contributes the cash received from the sale to St. Ann’s. A tax deduction is then given for the charitable gift.

All gifts of real estate are subject to the approval of St. Ann’s Foundation Board of Directors.

Life Insurance

You can name the Foundation as the owner and beneficiary of a new or existing life insurance policy. In return for this, you will receive a current income tax charitable deduction during your lifetime.