As you give consideration to your participation in the Capital Campaign for the EMLRC, we hope your gift will be a lasting legacy as well. It can also be in honor or in memory of a loved one by “claiming” (on a first to give basis) a place or space at the EMLRC that is permanently named after them.

Pledges of cash gifts, the most needed form, are most welcome. Cash gifts allow the EMLRC to meet the cash flow requirements of construction costs and provide an immediate tax deduction to donors depending on their tax situation.

A tax deduction for a gift of securities (corporate stock, or bonds or mutual funds) may be greater than a cash gift provided your base (the amount you paid) is lower than its current appreciated value. The EMLRC will sell the securities and apply the proceeds to the construction fund.

By giving real estate you avoid the difficulties of selling property and pay no capital gains taxes. Our research must indicate that we can sell the property. The proceeds from the sale are then applied to the construction fund.

Trusts can be established where you as donor can receive income during your lifetime and at the same time provide income to the EMLRC. Various trust gifts allow donors to receive a major tax-deduction for establishing charitable trusts. Please consult your legal advisor.

President Bush signed into law the Pension Protection Act of 2006 in August. This Act allows taxpayers/donors to direct charitable transfers from their Individual Retirement Accounts. If a donor/couple is 70.5 years of age or older, he/she may be eligible to transfer up to $100,000 each, $200,000 total per couple, to charity from their IRA per year in 2006 and 2007. Please consult your legal/financial advisor.