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OTHER WAYS TO GIVE
If you’d prefer to write a check and mail it in you can print out this donation form and mail it in.
DonationForm (PDF) DonationForm (Word)
Here’s an easy way to raise money for your favorite cause. Just start using Yahoo! powered GoodSearch.com as your search engine and they’ll donate about a penny to your favorite cause every time you do a search!
In addition, do all of your shopping through their online shopping mall, GoodShop.com, where you can shop at more than 2,400 top online retailers and a percentage of your purchases will go to the charity or school of your choice. You pay the same price as you normally would, but a donation goes to your cause!
You can also enroll in the GoodDining program. Eat at over 10,000 participating restaurants nationwide and you can earn up to 6% of every dollar spent on the meal as a donation for your charity or school.
Here’s the web site — http://www.goodsearch.com. You can also read about GoodSearch in the NY Times, Oprah Magazine, CNN, ABC News and the Wall Street Journal.
When you order your books and products from Amazon we receive 5% of your purchase at no additional cost to you. Click on the highlighted Amazon to start.
Donating Your Automobile
Donating cars, boats and RV’s is done online with DonateACar.com. Fill out the quick online vehicle donation form to donate to NAMI Mass. The vehicle donation form is easy to use and allows you to select the National Alliance on Mental Illness Massachusetts as the charity you would like to donate a car to.
Click here to start. If you experience any difficulty with the form, please call
1-800-237-5714.
IRS Donating a Vehicle to Charity (PDF)
A Gift of Appreciated Stock and Other Securities
A gift of appreciated securities such as stock, bonds, and mutual funds can provide attractive benefits. An outright gift of long-term appreciated securities (securities held for more than a year) avoids capital gains taxes; and in most cases, you obtain a charitable income tax deduction equal to the market value of the securities. For gifts of property, your gift is fully deductible for up to 30 percent of your adjusted gross income and, like gifts of cash, may be carried forward for five additional years.
Sample Charitable Bequest Language for Your Will or Revocable Living Trust:
THE UNRESTRICTED BEQUEST
I give, devise, and bequeath to NAMI Mass (federal tax ID number
04-2777012), located at 400 West Cummings Park, Suite 6650, Woburn, MA 01801-6528, the sum of $ _____ or _____ percent or (real or personal property herein described) to be used for the general purpose of the organization, at the discretion of its Board of Directors.
THE RESTRICTED BEQUEST
I give, devise, and bequeath to NAMI Mass (federal tax ID number
04-2777012), located at 400 West Cummings Park, Suite 6650, Woburn, MA 01801-6528, the sum of $ _____ or _____ percent or (real or personal property herein described) to be used for the purpose of _________________________________.
THE RESIDUARY BEQUEST (RESTRICTED OR UNRESTRICTED)
I give, devise, and bequeath to NAMI Mass (federal tax ID number 04-2777012), located at 400 West Cummings Park, Suite 6650, Woburn, MA 01801-6528, all of the rest, residue, and remainder of my estate, both real and personal, of every kind and description, wherever situated and whether now owned or hereafter acquired, including any property with respect to which I may have power of appointment.
A Gift to NAMI Mass through a Tax-qualified Retirement Plan—IRAs, Keoghs, 401(k)s, 403(b)s, and Others
There are several ways in which you could contribute your retirement plan to NAMI Mass. The retirement plan is best given to charity at death and is often the best asset to give, since in many cases it can incur taxes up to more than 70 percent of its value if left to loved ones. Following are some options to consider (in doing so, you should be aware that, subject to some exceptions, at age 59 1/2, you are allowed to withdraw funds from your retirement account without an early withdrawal penalty, and at age 70 1/2, you must begin taking distributions from your plan). As an outright gift to NAMI Mass during your lifetime you could withdraw the assets and transfer them to NAMI Mass. However, when the assets are withdrawn, they will be fully taxable as ordinary income at your current tax rate. Of course, you will be eligible for an income tax deduction up to 50 percent of your adjusted gross income, and the tax benefits may be extended over five additional years if necessary. Note: If you simply transferred ownership of the retirement plan to NAMI Mass (assuming the plan allowed such a transfer), you would pay income tax in the same manner as if you withdrew the assets and transferred them to NAMI Masss.
By Designating NAMI Mass as a Beneficiary
On the beneficiary designation forms provided by your retirement plan, you could designate NAMI Mass as a beneficiary to receive all, or a stated percentage, of your retirement account upon your death, or NAMI Mass could be a contingent beneficiary in case the primary beneficiary predeceases you. If you wish to name NAMI Mass as the primary beneficiary, your spouse would need to sign a form waiving his/her rights to the proceeds. You would need to consult your own adviser and the administrator of your plan to make sure the beneficiary designation is done properly. Although there would be no present income tax deduction, because you could change your beneficiary designation at any time, this method would provide you with the opportunity to make a considerable gift to the movement, and your estate would receive an estate tax charitable deduction for the full value of the gift. In addition, at your death the retirement plan assets would normally be considered “income in respect of a decedent” (IRD) on which a nontax-exempt beneficiary, such as a child, would have to pay income tax. Because NAMI Mass is a tax-exempt organization, however, no income tax would be owed, and the full amount in your plan would pass to your beneficiary (NAMI Mass).
