When people think of contributing to an organization like Fairmount, they usually assume it means writing a check or delivering cash. Many, many wonderful friends do just that, and we are very grateful. However, there are a variety of other ways to give. Many of them make it possible for you to give even if you presently are not able to make a cash donation.
The choice of giving option depends on your unique circumstances. A good “match” will provide funds for Fairmount’s much needed services either now or in the future, and it will reduce taxes, and in some cases, create a monthly income to assure that your personal needs will be met.
Charitable Gift Annuity
You can designate Fairmount as a recipient in your will. The gift can be designated for a particular purpose here, or you can allow Fairmount to use it where needed most. Your gift will not be subject to inheritance taxes.
You can donate your life insurance policy outright, or you can name Fairmount as the beneficiary. Either way you receive a tax deduction.
Charitable Remainder Trusts
Charitable Lead Trust
You can use this type of giving option if you own an income producing asset and want to contribute the interest to Fairmount. You have the option of retaining the asset principal or electing to pass it on to your heirs after a designated period of time.