Ways To Give

Your tax-deductible support is important to help fulfill Omega's mission. Here are some of the ways to make a gift to Omega.

Cash, check or credit card is the simplest form of gift to make. This gift entitles you to the largest tax deduction possible: up to 50 percent of your adjusted gross income for the year, with a five-year carry-over of excess deductions.

Will your employer match your gift to Omega? Many people who make charitable donations are unaware that their gift may be eligible for matching funds from their employer. Companies often match employee gifts to nonprofit organizations.

• Matching Gifts are a way to leverage your gift. Companies often match your gift dollar for dollar and your donation record will be soft credited for the amount received from the Matching Gift Company. This soft credit may raise you to a higher recognition level.
• Matching Gift companies frequently offer to match your gift with merchandise or equipment, sometimes totaling up to four times the value of your gift.
• Please check with your human resources department. Your extra effort may double the value of your gift to

Securities or stocks held more than one year and that have increased in value make extremely effective gifts. The donor is entitled to deductions for the fair market value of the stock on the date of the gift, plus you pay no tax on the capital gain value of the gift shares. A deduction of up to 30 percent of your adjusted gross income is available, with a five-year carry-over of excess deductions.

A bequest is a provision in your will naming Omega Institute as a recipient of a part of your estate. It is flexible and easy. A bequest may be for a specific dollar amount, a percentage or fraction of your estate, or it may take the form of a trust. The taxable amount of your estate is reduced by the value of any charitable bequests.

Life Income Agreements (charitable trusts, pooled income funds, etc.) could be used as a way of sheltering assets that pay income for life to you or anyone you name, with future benefit to Omega. You receive a deduction for the value of Omega's interest. You could also avoid paying taxes on capital gains when assets are sold, and thus increase your income.

Retirement Funds naming Omega as a beneficiary of all or part of an IRA or qualified retirement plan could achieve both estate and income tax savings. The gift funds escape estate tax, leaving for your heirs other assets, which are not subject to additional income taxes. Omega, as a not-for-profit organization, will not pay income tax and your heirs will receive their share of your estate without the burden of income taxes.

For more information on any of these plans, please contact:

George Kaufman
Director of Institutional Advancement
PH: 845-266-4444, ext. 205
E-mail: georgek@eomega.org