Woodbrook Foundation Inc.

Gifts of Cash

There is no easier way to make a year-end charitable deduction than a gift of cash. If you itemize, you can lower your income taxes by simply writing a check to the Woodbrook Foundation. Gifts of cash are fully deductible – up to 50% of your adjusted gross income.

 

Gifts of Stock

A gift of appreciated stock offers a two-fold tax saving, making it more attractive than cash. First, you avoid paying capital gains tax on the increase in value of the stock. Second, you receive an income tax charitable deduction for the full market value of the stock at the time of the gift.

 

Gifts of Life Insurance

Consider a charitable gift of a life insurance policy that is no longer needed. To receive the charitable deduction, simply name the Woodbrook Foundation as both the owner and beneficiary of the policy. If the policy has a cash value, you can take a deduction equal to the cash value at the time of the gift.

 

Life Income Gifts

A gift of stock or cash in the form of a life income gift allows you the ability to give a major gift and can increase your income at the same time. A life income gift allows you to transfer assets to the Woodbrook Foundation now, while you continue to receive income from the item(s) contributed.

 

Bequests

Save estate tax dollars by considering a charitable bequest in your will. With some advance estate planning with your attorney and professional tax advisor, and by including the Woodbrook Foundation in your will, your estate can benefit from the long-term tax savings.

©2017 Woodbrook Foundation Inc.

1250 Maple Avenue Elmira, NY 14904

607-734-7741

Woodbrook Assisted Living Residence, Inc