A gift to us not only demonstrates your belief in our mission but also reinforces your commitment to making a difference in the world. Many types of gifts allow you to fulfill your charitable intentions and may result in immediate and possible future benefits for you and your family.
Gifts of cash
Cash contributions are deductible as an itemized deduction in the year you make the donation, up to 50 percent of your adjusted gross income. Excess charitable deductions can be carried forward for up to five additional years.
Gifts of Securities
The best stocks to donate are those that have increased in value, particularly those producing a low yield. In order to preserve tax advantages, it is critical that you give the securities to us rather than liquidate them and give us the proceeds.
Gifts of Life Insurance
You can contribute to life insurance policy to us by naming us as either the owner of the policy or simply as the beneficiary. If you name us as owner and beneficiary, in most cases you will be entitled to an income tax deduction limited to the lower of the fair market value of the policy or your cost basis in the contract. In addition, if you continue to pay premiums on a policy that we own, you can deduct the future premium payments.
Gifts of Real Estate
If you own property that is not subject to a mortgage and has appreciated, a charitable gift may be an attractive option. You can claim an income tax deduction for property held for more than one year based upon the fair market value of the property, avoid all capital gains taxes and remove the asset from you’re your taxable estate. Alternatively, you can give your home or farm to us now and continue to use the property for life. You will be entitled to an income tax deduction based on your age and the value of your property.
Life Income Gifts
Life income gifts allow you to receive an income as a result of making a charitable gift. Depending upon the type of plan you choose, the payments can be fixed or variable and can be for you or other beneficiaries you choose. For example, you may create a charitable remainder trust to make payments to you for life and contribute money, stock or other property to it. Once placed in the trust, the assets can be sold (avoiding up-front capital gains tax) and the proceeds reinvested to produce a higher yield. Life income gifts entitle you to an immediate income tax deduction, based on the present value of your future gift to us.
We have more information that we can send you, please call 217 747 5905, and we suggest you contact your attorney.
Brother James Wirth Society –
Securing the future of BJC.
The members of the Brother James Wirth Society recognize the importance of securing the future of Brother James Court. They have made arrangements in their wills, established Charitable Trusts or made other arrangements for money to be allocated to Brother James Court.
Members receive invitations to biannual receptions to meet with the Franciscan Brothers, Administrator and senior staff. They receive quarterly reports updating them on happenings and initiatives at Brother James court.
We thank these members for helping us to make sure that all of our men have a safe and secure future at BJC, and we encourage you to join . (call 217 747 5905)
Mr. and Mrs. Douglas Anderson
Col. Paul Cerar
Mrs. Virginia Henkel
Dr. and Mrs. James Burton
Dr. and Mrs. D. Hayes
Mr. and Mrs. H. Cass
Mr. and Mrs. Donald Moore
Ms Annaemarie Hanouer
Mr. and Mrs. John Althoff
Mr. and Mrs. Josiah Smith
