Every day, DePaul opens doors to over 600 individuals and families. A door may be opened to a child who is looking for his forever home, or to an adult with a disability who wants to express herself in the arts at one of our day support centers. Opening the door easy—yet ensuring that each individual can enter through that door takes a professional, caring staff providing additional resources to create a sense of hope and belonging. This “added care” is only possible through the generous support of our donors, including caring individuals and families, corporate sponsors and foundations, and dedicated board and staff members.
Help us open doors today by investing in the people in our community who need a voice. Let them hear your voice so they know you care.
How to Give
Outright Gift is the most common way to support DePaul. DePaul is a 501(c)3 nonprofit and all gifts will be acknowledged for tax purposes. You can make a secure online gift or pledge by visiting our donation form page. A pledge can be monthly, quarterly, bi-annually, or annually. Many prefer the convenience of monthly credit card debits to maximize their annual giving.
If you prefer, you can mail your donation to DePaul Community Resources, Attn: Development Office, 5650 Hollins Road, Roanoke, VA 24019. Checks should be made payable to DePaul Community Resources.
You may also make a gift by calling 540.283.4238 during regular office hours. Please do not send cash by mail or convey credit card information via email.
Memorial and Tribute Gifts can be made in honor or memory of a loved one or special person in your life. While unrestricted giving helps DePaul to apply funds where they are most needed, gifts can be designated for a specific program, project, or event.
Gifts-in-Kind are a means of supporting DePaul through the donation of goods or services. This could include blankets, suitcases, meal tickets or passes, art supplies—anything that could be used in one of our programs. Please contact DePaul should the value of gift be over $250. If you need to write off over $500 in donated items, you must include IRS Form 8283 “Noncash Charitable Contributions” with your tax return. Gifts of real estate and real property are subject to DePaul’s gift policies before acceptance can occur.
Appreciated Assets are another great way to donate, which typically are stocks that have increased in value. The donor benefits by avoiding capital gains tax and also may be eligible to receive a federal income-tax charitable deduction, depending on how long the stock has been owned. Transferring the stock directly to DePaul can actually increase your gift while helping to save on your taxes based on the illustrative example below:
|Option 1: Sell stock and donate net proceeds||Option 2: Donate stock to a charity directly|
|Current fair market value of securities||1,000 shares × $100 per share = $100,000||1,000 shares × $100 per share = $100,000|
|Long-term capital gains tax paid or avoided1||$14,250 paid||$14,250 avoided|
|Amount donated to charity (cash or value of stock)||$85,750||$100,000|
|Personal income tax savings2 (0.28 × amount donated to charity)||$24,010||$28,000|
Discuss this option with your financial advisor or call DePaul (540.283.4238) to discuss your specific situation or learn how easy it is to transfer your stock to DePaul.
Bequests are useful in situations where the donor desires to make a larger gift after his or her lifetime. This can be a percentage of the total estate or a fixed amount as described in the will. Already have a will? Codicil agreements can be provided by DePaul and can be amended to an existing will at little or no costs.
Life Insurance is an excellent tool for making a charitable gift for a number of reasons. Life insurance provides an “amplified” gift through a relatively small annual cost (the premium). For example, a 50-year-old donor is committed to giving $5,000 annually for 10 years could leverage that $50,000 gift into a $350,000 gift of life insurance. The end result is a benefit far in excess of what would otherwise be possible and can provide for DePaul without the use of other financial resources. Paid life insurance policies are tax deductible as allowed by IRS guidelines. The value is the lesser of the present market value of the policy or the donor’s cost basis. Policy loans will reduce the amount of the deduction.
Charitable Gift Annuity is an eloquent term for transferring an asset (cash or securities) to DePaul to receive a fixed annuity amount to one or two individuals for life. The return rate on the annuity is based on age and the present value of the asset. This also allows for partial tax avoidance of an appreciated asset. This option is very appealing for a retired individual who has some assets however is not comfortable donating over a concern for needing the funds at a later date.
Charitable Remainder Trust (CRT) is a private fund that you create and make contributions towards. It can provide you or others you designate with taxable income for a certain number of years, or for life, depending on how it is structured. Once the term is met, funds that are remaining will pass tax-free to DePaul.
Here is what you need to know:
- You or your designated trustee control the trust.
- Contributions are tax deductible, based on the projected remaining balance of the CRT.
- A CRT can be created using cash, investments, and property.
- The income you receive can be fixed or recalculated each year. This is determined when the CRT is created.
- Your annual income from the trust is capped based on a minimum amount that will ultimately be passed on to DePaul.
Charitable Lead Trust (CLT) is almost the opposite of the Charitable Remainder Trust above. The trust will pay an annuity to DePaul during the trust term and the remainder goes to the donor or named beneficiary at the end of the term. This may help with tax considerations when transferring assets to other family members.
Heart and Home Society is reserved for friends and families who have included DePaul Community Resources in their wills, estate plans, life insurance, or other gift of future provisions. As the name implies, members of the society understand the importance of DePaul’s mission and work and have elected to make a meaningful commitment. Membership is extended to any donor who completes a membership form notifying DePaul of your intentions.
The roster of members of the Heart and Home Society will be published annually in DePaul’s annual report, unless the member chooses to remain anonymous.
We are happy to meet with you privately to discuss how any of our giving programs may work given your situation. With any charitable planned giving, you should always consult with your financial advisor or tax consultant to maximize any possible tax benefit.