Donations & What to Give

Donations and What to Give
Donors can establish a charitable fund or give to an existing fund at the Union Rescue Mission quickly and easily using a variety of giving options. As a public charity, the Union Rescue Mission offers donors the maximum allowable tax benefits.

Cash Gifts
Cash gifts are tax deductible up to 50 percent of the donor’s adjusted gross income - with the ability to carry forward exceeding amounts for up to five additional years. The donor can either mail a check to Union Rescue Mission made out to: “Union Rescue Mission. - NAME OF THE FUND”, or wire cash. Contact the Business Office, 501-370-0808 to obtain wiring instructions.

Publicly Traded Stock Gifts
Gifts of appreciated securities are an excellent way to give. In addition to avoiding capital gains, such gifts can be deducted at full fair market value up to 30 percent of adjusted gross income with the ability to carry forward exceeding amounts for up to five additional years. Please contact the Business Office, 501-370-0808, for assistance with the transfer of stock.

Mutual Funds
Mutual Funds may be gifted to the Union Rescue Mission. If the donor wishes to make a gift of mutual funds, please contact Dr. William D. Tollett, Executive Director, 501-370-0808, for further instructions.

Closely-Held Stock
Union Rescue Mission accepts certain gifts of closely-held stock. Seasoned tax and gift planning professional will consult with the donor and his or her professional advisor to review each gift and determine the best approach for making the contribution to benefit Union Rescue Mission. If the donor wishes to make a gift of closely-held stock, please contact Dr. William D. Tollett, Executive Director of the Union Rescue Mission, 501-370-0808, for further instructions.

Real Estate
Gifts of readily marketable real estate held more than one year can be used to establish charitable funds. These gifts can also offer many of same tax advantages as gifts of securities. Before accepting gifts of real estate, Union Rescue Mission must carefully review each gift to insure that certain conditions are met. Union Rescue Mission would consider the direction of counsel prior to accepting a gift of real estate.

Bargain Sales
A bargain sale is a sale of property to a charitable organization for less than its fair-market value. A donor should consider this method if the current value of the property to be contributed exceeds the amount the donor wishes to give, or if it is not practical or economical to divide the property. The bargain sale price may be any amount mutually acceptable to the donor and Union Rescue Mission. The donor may want to sell the property for an amount equal to the cost basis. In this manner, the donor recovers the investment and gets a deduction for the appreciation element. The recovered portion is treated as part basis and part reportable capital gain. If interested in a bargain sale to benefit Union Rescue Mission, please contact Dr. William D. Tollett, Executive Director, for further information.

Planned Gifts
The Union Rescue Mission offers a broad range of planned giving options to benefit the work of the Union Rescue Mission. Union Rescue Mission also accepts gifts of retirement assets and life insurance. For more information about planned giving through the Union Rescue Mission contact Dr. William D. Tollett, Executive Director, 501-370-0808.