Outright Gifts
Gifts of Cash
An outright gift to William Hill Manor is the simplest form of giving. You pay no gift or estate tax and you may deduct the gift up to 50% of your adjusted gross income. Any excess can be carried over for five years.
Gifts of Appreciated Securities
Gifts of stocks, bonds, or mutual funds which have long-term appreciation (held at least one year) can be great tax savers. The full market value of the gift of long-term appreciated securities is generally deductible up to 30% of the donor’s adjusted gross income. Any amount over the 30% maximum can be carried over for five years.
Tangible Personal Property
Gifts of personal property, such as art, jewelry, antiques or collections can be given to William Hill Manor. A charitable deduction is allowed on the full fair market value if the property given and its use is related to our tax-exempt mission. If the use is unrelated to the mission of William Hill Manor, then the charitable deduction equals the lower of the property’s original cost or its fair market value. In each case, you qualify for a deduction up to 30% of your adjusted gross income.
Life Insurance
There are two primary ways to contribute life insurance to William Hill Manor:
1. William Hill Manor can be named as the beneficiary of a policy that is no longer needed for its original purpose.
2. Ownership of a policy can be transferred or a new policy can be purchased and William Hill Manor can be named beneficiary.
Either way, your gift will entitle you to an income tax deduction and future premium payments will be tax deductible.
Life Income Gifts
The Charitable Gift Annuity
The Charitable Gift Annuity offers individuals the opportunity to make a gift to William Hill Manor and receive a fixed, yearly payment based on the age(s) of the beneficiary(ies). The minimum gift level to establish a Charitable Gift Annuity is $10,000.
| One Life | Two Lives | ||
| Age | Rate (%) | Age | Rate (%) |
| 75 | 6.4 | 77/ 78-79 | 6.0 |
| 80 | 7.2 | 78/ 82 | 6.2 |
| 85 | 8.1 | 80/ 84 | 6.5 |
| 89 | 9.2 | 85/ 88 | 7.4 |
| 90+ | 9.5 | 87/ 91 | 8.0 |
Charitable Remainder Annuity Trust & Charitable Remainder Unitrust
Both of these plans are irrevocable trusts that feature income based on the value of the assets at the time the trust is created, while the unitrust provides a fluctuating income based on a fixed percentage of the trusts annual value.
Retained Life Interest in Real Estate
Ownership of a property can be transferred to William Hill Manor while the donor retains lifetime use of it for himself or herself, a spouse and/or other beneficiary. Under such an agreement, the title to a residence is transferred to William Hill Manor, but the donor continues to pay the taxes and maintenance costs for the property during his or her lifetime. The donor avoids estate tax as well as the capital gain tax that would be due if the property was sold.
Estate Gifts
A gift through a will is an excellent way for a donor to support William Hill Manor. There are several types of bequests:
- Specific Bequest
- A specific dollar amount or specific assets are left to William Hill Manor.
- Percentage Bequest
- A percent of the estate is designated to William Hill Manor.
- Residuary Bequest
- William Hill Manor receives the remainder of the estate after specific amounts have been distributed to others.
William Hill Manor can also be included in your estate plan by naming the community as the beneficiary of a Certificate of Deposit (CD). When you set up a CD, you can name William Hill Manor by using a beneficiary designation form. Just ask your bank for details.
Easton, Maryland 21601