FOR DONORS: Overview Make a Memorial or Honorarium Donation Ways to Give Now Ways to Give Later Types of Funds How to Establish a Fund Tips on Giving Wisely Planned Giving Weekly News LEARN MORE: Arts & Culture Environment Education Community Development Civic Affairs Youth Health & Human Services	For Donors Tips on Giving Wisely Budget for giving Plan your philanthropic activities right into your budge just as you would other financial obligations. Be informed Don’t be afraid to ask questions when you’re asked to give, including the specific name of the solicitor and his or her relationship to the organization, how much of your gift will be used for overhead, the specific projects the money will go toward, and other important information. Give only when you feel comfortable that your dollars will be going to support an organization you know and believe in. Keep the right records For gifts of less than $250, a canceled check or credit card statement is sufficient for IRS requirements. For larger gifts, you’ll want to get a properly worded receipt from the charitable organization as a confirmation of your tax-deductible contribution. When you make to your charitable fund at the Foundation you will receive from us a properly worded receipt as a confirmation of these tax deductible contributions. Gifts made from your fund will not be recognized with a receipt, as you have already received the deduction and than you for the original gift. Ask about matching gifts Many employers match gifts made by their employees or make grants to organizations recommended by employees. Be sure to ask your company if it can help your gift go even further. Be aware of how much is really tax deductible If you receive a premium in exchange for your gift (such as a book or a dinner), the amount of your tax deduction is reduced by the fair market value of the premium. You can turn down the incentive item if you wish to claim a deduction for the full amount of your gift. Ask the receiving organization for more details. Remember, your gift can be confidential If you prefer to have your gift remain confidential, you should let the organization know. You can expect the charitable organization to honor your request. Consider alternative forms of giving Don’t overlook the benefits to you and your cause received from bequests, chartable gift annuities, gifts in kind, endowments and many other creative forms of giving. Ask your tax advisor or attorney to help you make the best plan for you and your family. Volunteer! In addition to financial support, consider giving your time and skills. Not only will you help the organization, but you’ll also make contacts, hone your skills, and learn more about the charitable cause to which you’re committing your time and money. Don’t forget you have the right to say no Give generously when you can, but if you’re unsure or feel uncomfortable—or if an organization simply falls outside your plan for giving—don’t be afraid to say no. Or ask for more information and take more time to think before making your decision. Be a proactive giver! You don’t have to wait to be asked. Plan a giving strategy in advance. Contact Legacy Foundation to discuss how your gifts can be most effectively used and help make a difference in your community.
		1000 E. 80th Place, Suite 302 South, Merrillville, IN 46410 | Phone: 219-736-1880 Legacy Foundation is designated a 501(c)3 not-for-profit organization. All contributions are tax deductible to the fullest extent of the law. © Legacy Foundation and its licensors. All rights reserved.