LASTING WAYS YOU CAN IMPACT HOPE HAVEN
AND THE CHILDREN WE SERVE
We are very proud of our past. We have cared for over 3,000 children….children who have come from terrible circumstances… children who have been beaten, starved, raped and needed our help. We want to be proud of our future as well, but we need your help to ensure that we can continue to offer a safe haven to these children for many, many years to come.
CHILD ABUSE…UNFORTUNATELY, IT WON'T JUST “GO AWAY.”
Statistics clearly show that many programs that attempt to prevent child abuse have had very little impact on reducing the numbers of children who are actually abused. Sadly, the average number of children who have been abused in the United States has remained consistent in spite of all of the efforts of such programs. This year, an average of 4.8 children will be a victim of abuse every minute of every day. Five years from now the number of children abused will increase slightly. Ten years from now the numbers will have grown significantly…because of an increase in population. More children will be abused next year than were abused this year…and these children will need a safe refuge.
WHY ARE WE TELLING YOU THIS?
We want you to know the grim facts about child abuse because we need your help today…and we need your help to ensure that Hope Haven is here for the abused children who need us…five years from now…ten years from now.
THE NEW BEGININGS ENDOWMENT FOUNDATION.
A WAY FOR YOU TO HELP.
The New Beginnings Foundation is a 501 c 3 not for profit foundation that we have established to allow organizations and individuals a way to safeguard the future of our mission. It has been established as an endowment fund to provide income to Hope Haven in future years. Endowment funds are strictly regulated by the government. Donations to such an endowment are placed into the fund and through a variety of managed investments earn interest income for the fund. The interest earned is the only portion of the fund that can be disbursed to and utilized by the non profit it supports. The principal can never be touched, which means it will continue to generate income for the organization.
Create a lasting legacy for you, a loved one, your family or your church or other organization.
By making a donation to the New Beginnings Endowment Foundation you will help ensure there will be a safe place for abused children to go to in the future. It's easy to do, and like any donation to Hope Haven …is 100% deductible up to the federal income tax regulations of up to 50% of your adjustable gross income in the year of the gift. Individuals who make a donation in excess of this amount have the option of carrying any excess forward and it can be deducted over as many as five subsequent years.
Perhaps you would like to honor a family member or start a “Family Fund” that can involve your entire family as a caring group who are concerned about children. We can establish this family fund to allow you and other family members to make a one time donation or continuing donations at any level over a period of time. Each member of your family who makes a contribution and/or those you have honored with a contribution will be suitably recognized and will receive a beautiful certificate from the Foundation that commemorates the establishment of your Family Fund and your support of abused children.
It is becoming more and more popular for churches, investment clubs or civic organizations to establish funds such as these. We have several organizations that request that we split their donations, so that some of their funds help us pay current expenses…while the rest goes into the endowment fund to help us in the future. It is a wonderful way to make sure their support helps today's children…as well as the children who will need us tomorrow.
YEAR END GIFTS
With the year's end rapidly approaching, it is a good time to consider the different ways you can help the children, Hope Haven and your own situation. A year end gift can significantly reduce your income taxes if done properly.
Donors who make a gift of $1,000 before December 31 st and who are in the 33% tax bracket can realize a benefit of $333 in 2007 taxes. The savings can be more for those in higher tax brackets.
Take stock in your stocks…
Donating stock you have owned for over a year may be even more beneficial to you than a donating a gift of cash. Stocks can offer savings in two different ways. You have to pay a capital gains tax if your stock has increased in value - if you donate stock to a charity you avoid paying this tax. You also receive an income tax charitable deduction for the full market value of the stock when you donate it. You can donate up to 30% of your adjusted gross income and any excess donation can be carried forward for five years.
OTHER TYPES OF GIFTS/DONATIONS
Life income gifts. Life income gifts are designed for individuals who own significant assets and are interested in making a major gift to an organization. Such gifts can actually increase the dividend income to the donor. This type of gift enables the donor to receive a higher interest rate than what they may have on their investments while taking a significant tax deduction in the year they donate.
Gifts of real property:
Real estate, homes, etc. appreciate in value and when sold…which means they incur a capital gains tax as well. By making a gift of the home or property you avoid the capital gains tax and can receive a charitable deduction for the full fair market value of the property.
Bequests in your will:
Where there's a will…there's a way to save on your estate taxes.
Federal estate taxes can take up to 50% of your estate. However, with advance planning, you can arrange to make a charitable contribution that can affect that. Leaving Hope Haven a gift in your will can help us….while perhaps helping your overall tax situation.
Please check with your own tax preparer and lawyer in all cases before you decide to make a donation to any charity. We want and need your support…but we want and need you to make your donations in such a manner that it benefits you…as well as us.
