If you want your gift for the PHJC Volunteer Program to go to work immediately, a gift of cash or securities might be the best option.
You can give a gift of cash today or plan a gift of cash or securities in your estate that the Volunteer Program will receive after your lifetime.
Gift agreements are required for endowed gifts of $25,000 or more, while you can document your preference for smaller gifts with a letter, pledge card, or note on the memo line of your check or in the comments section of our online giving form.
Explore three immediate giving options below.
Cash Gifts
With a cash gift, you can give a lump sum or pledge a gift to be completed in five years. You can also give gifts of cash via check or credit card through our online giving system. You will receive an immediate charitable income tax deduction for your gift.
Gifts of Securities
Gifts of appreciated securities may offer better tax benefits than gifts of cash. The PHJC Volunteer Program accepts gifts of publicly held stocks, bonds or mutual funds. Advantages of making a gift of securities include:
- A charitable income tax deduction for the fair market value of the gifted securities as of the date of the gift.
- Eliminating capital gains taxes that would ordinarily be due if you had sold the appreciated securities on the open market and donated the proceeds from the sale.
- Claiming your charitable deduction against up to 30% of your adjusted gross income. Any unused deductions can be carried forward over the next five years.
- Providing a way to help you achieve your long-term financial objective of reducing your income and estate taxes.
If you have securities that have declined in value over the years and are interested in donating them, you may find it more advantageous to sell the securities first and contribute the proceeds as opposed to donating the securities outright. This strategy should allow you to claim a deduction for both the loss from the sale of the securities as well as the charitable gift.
IRA Charitable Rollover
An IRA charitable rollover is a popular way to use retirement assets to support the PHJC Volunteer Program today. If you are 70½ or older, this method can provide tax benefits while supporting your passions.