There are various ways of giving to our organization. Most gifts are in the form of cash - clearly the most convenient way of giving. Such gifts are fully tax-deductible and are vital to the support of our operating, programming and capital needs. You may also wish to consider one of the following mutually beneficial ways of supporting our important mission:
Securities - If you own securities that have appreciated in value, you are subject to taxation rules when they are sold. By making a gift of these appreciated securities to LDC, you avoid capital gains taxes and receive a charitable deduction. Thus, the actual cost to you is often far less than the value of your gift.
Real estate - You may make a gift of your residence or other real estate to LDC. As with gifts of appreciated securities, you avoid capital gains taxes and receive a charitable deduction.
Life insurance - If you own a fully-paid life insurance policy that has outlived its original purpose, you may wish to donate it to LDC. You will receive a charitable deduction based on the present value of the policy (an amount close to the cash value). You may also name Lagrange Development Corporation to be the beneficiary of any life insurance policy that you own. Although you will not receive a charitable deduction, you will have the satisfaction of knowing that our future ability to provide services will benefit from your gift.
Bequests - A bequest to LDC is a gift that involves no immediate loss of capital or income. Both large and small bequests enable us to provide quality services to those in need, leading the way to a brighter tomorrow for those we serve. Your estate will receive a charitable deduction, and the tax savings can reduce the ultimate cost to your heirs.
Trusts - Many people believe that trusts are for the wealthy. While trusts can be very beneficial to the wealthy, often those with limited assets establish trusts to preserve their capital and increase the earnings derived from it. You may establish a trust that will permit you to make a gift to LDC (and receive a charitable deduction), while increasing your income. We would be happy to discuss with you the various types of trusts.
As you can see, there are many ways of giving. Rest assured that no matter which method you select, you will have the personal satisfaction of knowing that you are strengthening and benefiting individuals, families, and the community for the future.
