Donate

The gift of an asset, often common stock or mutual fund shares, is a valuable way to make a contribution to the Club and receive tax benefits based on the value of the asset(s).

For example, suppose John and Ellen had 300 shares of XYZ Corporation stock that they had purchased at $12 a share some years ago. The current value in today’s market is $36 a share. If they sold the stock in the market, they would have a taxable, long-term capital gains on the difference between their cost and what they would receive from the sale ($36 minus $12 = $24 capital gains per share; 300 shares X $24 = $7,200 in capital gains).

They could sell the stock, pay the tax on the capital gains, and either keep or donate the proceeds.

If, instead of selling the stock, John and Ellena gave the 300 shares to their charity, they would not incur any capital gains and would be able to deduct the current value (300 shares X $36 = $10,800) as a charitable gift. By donating the stock, the charity receives more than it would receive if John and Ellen first sold the stock and then donated the proceeds after deducting the capital gains taxes.

Also, John and Ellen receive a greater tax deduction by giving the stock directly to the charity and avoiding the capital gains tax.

For more information about donating stock and for stock transfer directions, please contact the Chief Development Officer by phone at (603) 883-0523 x 211 or by email.

About the Heritage Club

The Heritage Club is an association of friends of the Boys & Girls Club of Greater Nashua who seek to ensure that the future needs of our community’s youth are met by including the Boys & Girls Club of Greater Nashua in their estate plans. This planning might include a will, charitable gift annuity, a trust arrangement, a real estate gift, a life insurance policy, or IRA policy.

Benefits of membership in The Heritage Club

 When you join The Heritage Club, the Boys & Girls Clubs of Greater Nashua will thank you by providing you with:

A publication on tax and estate planning.

A personalized Heritage Club recognition plaque (optional).

A lapel pin that indicates your leadership in the mission to guarantee a strong and stable future for our nation’s children.

A Foundation for the Future

Boys & Girls Clubs offer positive alternatives to children who may be surrounded by negative influences, showing them how to live successful and productive lives. Since 1971, our Club has provided a safe haven for young people by offering quality programs and critically important relationships with nurturing and reliable adults.

Our Club gives members, ages 6 to 18, access to dedicated, trained professionals who can provide guidance in adopting healthy lifestyles and pursuing educational objectives. Most importantly, the Boys & Girls Club of Greater Nashua equips young people with the skills they need to resolve conflicts peacefully, improve relationships within every aspect of their day-to-day lives and function as responsible citizens.

Your support through a planned gift will ensure that future generations of our children will have the opportunity to live successful lives in a safe, positive and caring environment.

How Can I Become a Member?

Joining The Heritage Club is easy! Simply communicate your intentions by printing, signing and returning our enrollment form. For more information, you may download The Heritage Club brochure. For assistance, please contact the Chief Development Officer by phone at (603) 883-0523 x217 or by email.

About Bequests

You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.

What are the benefits of making a bequest?

You leave a lasting legacy to be remembered

You lessen the burden of taxes on your family

You may receive estate tax savings

How do I make a bequest?

An excellent way for you to support Boys & Girls Clubs of Greater Nashua’s mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.

Types of Bequests

There are a number of ways you can make a bequest to the Boys & Girls Club of Greater Nashua.
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Boys & Girls Club of Greater Nashua.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the Boys & Girls Club of Greater Nashua.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the Boys & Girls Club of Greater Nashua.

Contingent Bequest.  A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave a specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to the Boys & Girls Club of Greater Nashua.

Bequest Benefits

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Bequest Language

In order to make a bequest, you should speak with your attorney or estate planner. They can help you include a bequest to the Boys & Girls Club of Greater Nashua in your estate plan. We have provided some basic bequest language to assist you and your attorney.

1. Specific Bequest

If you are considering making an outright bequest to the Boys & Girls Club of Greater Nashua, we recommend the following language:
Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, for the Boys & Girls Club of Greater Nashua’s general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, for the Boys & Girls Club of Greater Nashua’s general use and purpose.

Bequest of Specific Real Estate

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, for the Boys & Girls Club of Greater Nashua’s general use and purpose.

Percentage Bequest If you are considering making a bequest of a percentage of your estate to Boys & Girls Clubs of Greater Nashua, we recommend the following language:

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, for the Boys & Girls Club of Greater Nashua’s general use and purpose.

Residual Bequest

I hereby give, devise and bequeath to the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for the Boys & Girls Club of Greater Nashua’s general use and purpose.

Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to to the Boys & Girls Club of Greater Nashua, a nonprofit organization located at One Positive Place, Nashua, NH  03060, Federal Tax ID # 23-7058376, DESCRIPTION OF PROPERTY to be used for Boys & Girls Club of Greater Nashua’s general use and purpose.

Restricted Bequests

If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give Boys & Girls Club of Greater Nashua flexibility should it no longer be possible for our Boys & Girls Club to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Boys & Girls Club of Greater Nashua,  it shall become impossible for Boys & Girls Club of Greater Nashua to use this bequest to accomplish the specific purposes of this bequest, Boys & Girls Club of Greater Nashua may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact us

For more information, Chief Development Officer by phone at (603) 883-0523 x217 or by email.

About IRA Rollover

Congress recently enacted a permanent extension of the IRA Charitable Rollover. As a result, you can make an IRA rollover gift.
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover

Avoid taxes on transfers of up to $100,000 from your IRA to our organization

Satisfy your required minimum distribution (RMD) for the year

Reduce your taxable income, even if you do not itemize deductions

Make a gift that is not subject to the deduction limits on charitable gifts

Help further the work and mission of our organization

How an IRA charitable rollover gift works

Contact your IRA plan administrator to make a gift from your IRA to us.

Your IRA funds will be directly transferred to our organization to help continue our important work.

Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

Please contact us if you wish for your gift to be used for a specific purpose.

With matching gifts, it is possible to double or even triple your gift!

Many employers sponsor matching gift programs and will match most charitable contributions made by their employees.  Some companies will even match gifts by retirees and spouses or award gifts to the Club for your volunteer’s hours!

To find out if your company has a matching gift policy, please follow up with your supervisor or your company’s website. Don’t miss your opportunity to double your donation!