Donations to PRASAD CDHP

Other Gifts

• Charitable Remainder Trusts
• Gifts of Home with Retained Life Interest
• Gifts of Life Insurance
• Beneficiary Clauses

Consult with your financial planner, accountant and/or attorney to determine which categories best fit your individual and family situation.

For donation assistance please call 845.434.0376 or send an email message to development@prasadcdhp.org.

Gifts of Home with Retained Life Interest

Donors sometimes find they own a valuable personal residence (either a vacation home or primary residence) that their children or heirs will not need. In this case, they may choose to make a gift of their home through a bequest to PRASAD CDHP or there is another option available. A donor may continue living in the home and at the same time use its value to make a tax-deductible gift to PRASAD CDHP. The donor can deed the home to PRASAD CDHP, with the condition that the donor and spouse will retain the right to use or rent the property for a period of years, or for as long as they live. The top deduction is based on the value of the property and the donor’s life expectancy.

A gift of a home with a retained life interest to PRASAD CDHP offers the satisfaction of making a substantial contribution with a sizable tax advantage while allowing the donor and spouse to remain in the home for the rest of their lives or for a specific number of years.

Gifts of Life Insurance

A gift of a life insurance policy, along with a gift of the ongoing premium, is an effective way to make a significant contribution to PRASAD CDHP and may have tax advantages. It can be a great way to provide benefit to PRASAD CDHP from an existing policy that is no longer needed by a spouse or grown children. It can also be an effective way to create a lasting legacy with a new policy paid for through annual tax-deductible gifts.

Beneficiary Clauses

Sometimes donors may not want to include charities in their wills or amend them, yet they want to have some way to contribute to PRASAD CDHP in the event of their death. In this case, it may be possible to make PRASAD CDHP the beneficiary of a bank account, insurance policy, retirement plan, or U.S. savings bond, directly by completing the appropriate simple forms available from your bank, insurance agent, or retirement plan administrator.

Consult with your financial planner, accountant and/or attorney to determine which categories best fit your individual and family situation.

For donation assistance, please call 845.434.0376 or send an email message to development@prasadcdhp.org .