As a nonprofit senior care community, we rely on the generosity of others to help us continue to provide the expert and loving care that benefit so many in need of assisted living.
We are
grateful for all donations, no matter how large
or small. And remember, your gifts are tax
deductible. Below we describe a variety of
ways you can unveil your heart and help us care
for others.
Outright Donations
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Cash
Gifts of cash are the most common and often the easiest to donate. Checks should be made payable to Oakwood Terrace. -
Securities
Gifts of appreciated stocks, bonds, or mutual funds can provide special tax advantages.
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Real Estate
Gifts of homes, farms, and other real property can receive the same tax treatment as gifts of appreciated securities.
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In Memorial
Any gift may be donated in memory or honor of a friend or loved one.
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Corporate Matching
You may be able to multiply the value of gifts by participating in a matching gift program provided through an employer or by a corporate board membership.
Planned or Deferred
Gifts
Although outright gifts provide resources for current programs, deferred gifts help insure care for the future at Oakwood Terrace.
Life Income
This could include a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable gift of cash, securities, or property and receives income for either life or another specified term. When the specified period ends, the remaining value of the trust goes to support Oakwood Terrace.
Charitable Lead Trusts
Charitable trusts pay the charity a fixed amount or percentage of an asset for a prescribed term of years. Thereafter, the assets are passed on to loved ones.Insurance
You may name Oakwood Terrace as beneficiary of a life insurance policy.Retirement Plans
Designation of Oakwood Terrace as primary or contingent (after a spouse) beneficiary of a private pension fund (e.g., IRA, SEP, 401(k)) or profit sharing plan can result in substantial tax savings.