Charitable Contributions

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Glenhaven began in 1958 by a group of local citizens that knew the need for serving the elderly in our own community was a priority. Family names like Johnston, Penke, Lee and Limberg and other generous contributors believed in the value of giving and wished to leave a legacy for future generations.

Glenhaven, Inc. is fortunate to receive financial support from generous individuals, corporations, foundations and charitable trusts. There are many ways you can join them in helping the Glenhaven Community meet the spiritual, physical, social, emotional and financial needs of those we serve:

It is easy to make a gift to Glenhaven, Inc. Glenhaven, Inc. is a 501c (3) Charitable Organization with the IRS as well as the State of Wisconsin Department of Regulation and Licensing. We are deeply honored and grateful for all gifts received.

 

Ways to Give!

Note: Click on the different sections to view more information on each topic.

Gifts Now

Online

You can make an online donation through Paypal.

In the notes area please submit the additional gift information from Additional Information section.

Mail

Send a check made payable to Glenhaven, Inc.

Mail check and Donor Form to:
Glenhaven, Inc.
612 East Oak Street
Glenwood City, WI 54013

Call us at 715-265-4555 if you have questions.

Also, please fill out and send this Donation Form when mailing your payment.

Additional Gift Information (optional, for mail and online donations)

Please provide additional gift information (optional)

1. Tell us where you want us to use your gift.

2. Tell us if this gift is being made in honor of someone, and include the name of the person being honored.

3. Is this a memorial gift? (To honor someone who has died.)

4. Is this a tribute gift? (Made to honor someone who is living.)

5. Do you want us to send a card to someone telling them that you sent this gift? If so, please give us the name & addresses.

Thank you for your support.

Gifts of Stock

About Gifts of Stock

If you hold appreciated securities, such as stocks, giving them to a charity may be a desirable option. Donors who itemize may be able to receive a deduction for the full fair market value of outright gifts of appreciated stocks or property for up to 30% of adjusted gross income. If the gift's value goes beyond that level, you may be able to carry the deduction over for up to five years. Because the profit or appreciation element of long-term property presently is not directly taxed, your gifting "cost" is even further reduced. To qualify, assets must now be owned for 18 months, up from the previous 12 months. If you have to pay the capital gains tax, maximum rate is currently 20%.

To Make A Gift of Stock

Determine the specific stock(s) and the best date to donate. If your bank or broker holds the stock, contact them and ask that the stocks be electronically tranferred to our Glenhaven, Inc. account. For the account information: have your bank or broker contact David Prissel at (715)265-4555. Please notify Mr. Prissel of your gift prior to the transfer of the stocks to provide your name, address, and donation detials. This will allow us to properly record your donation and provide you an acknowledgement for tax purposes.

Gifting Stock in Your Possession

There are several ways to give stock in your name and possession. One way is to use a stock power and third party release form. They are available from Glenhaven, Inc. your bank or broker. They can also help you to find the way most convenient for you to give stocks in your possession.

Using Your IRA to Make A Gift

The Pension Protection Act (H.R. 4) signed into law in August 2006 allows donors of at least 70 ½ years of age to make gifts directly to charity from their IRAs without suffering tax consequences. This law has been extended and donors may gift up to $100,000 from their IRAs through Decmeber, 2011. The money you donate directly from your IRA may be counted toward your required minimum distribution. The money transferred directly from the IRA to the charity will not be considered income(and thus, not taxed)for income tax purposes. Remember that since the distribution is not considered taxable income, you will not be able to count it as a charitable deduction.

Charitable Planned Giving Opportunities

Your Will

Without a will, the state will, in effect, write one for you in an impersonal manner following state laws. You will have a court-appointed guardian for minors and perhaps a personal representative you have never met. There will be no consideration for special family needs and no gifts to your favorite charities – like Glenhaven, Inc. Even if you and your spouse own everything jointly, a will is needed in case of simultaneous death.

A will can save unnessary expense and may provide tax savings, thereby enhancing the property you wish to pass on. Whatever the size of your estate, you have the right and opportunity to have a will so your wishes are respected. Please do not put it off. Contact your personal advisor and have a will prepared. Please consider naming Glenhaven, Inc. as a beneficiary.

Your have several options when making a gift in your will; you may give a specific dollar amount, a percentage of your estate, or the residual (what is left after debts and bequests are satisfied). If you have made a gift in your will to Glenhaven, Inc., please let us know.

Beneficiary of Life Insurance

Many of you do not realize how convienient a gift of life insurance can be. Your needs change as life goes on. Children become self-sufficient, and investments may provide unexpected income and security. As a result, some life insurance may no longer be needed for the reasons it was purchased. One simple way to make a significant impact on the future of those served by Glenhaven, Inc. is to name Glenhaven, Inc. as the beneficiary of a new or existing life insurance policy. Another way to help the mission is to designate Glenhaven, Inc. as the beneficiary of retirement plans, such as IRAs 401(k)s and other pension accounts.

Charitable Gift Annuity

A Charitable Gift Annuity is a gift vehicle that fall in the category of planned giving. A gift annuity is a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. When the donor dies, the charity keeps the remainder of the gift. The amount of the income stream is determined by many factors including the donors age and the policy of the charity. A charitable gift annuity is a contract (not a "trust"), under which a charity, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money to one or two individuals, for their lifetime. The payments are fixed and unchanged for the term of the contract. A portion of the payments are considered to be a tax-free return of the donor's gift, which are spread in equal payment over the life expectancy of the annuitant(s).

Wish List

Give a donation to a specific item that would make life more enjoyable at Glenhaven.

For more information on planned giving, memorial giving annual campaigns or other potential donations, please e-mail admin@glenhaveninc.com or call 715-265-4555 and ask for the Administrator.

**The preceding information is not intended as legal or tax advice.  Please consult your advisors.

 

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