How Will You Be Remembered?

One of the easiest and most common ways for you to support Ronald McDonald House Charities Charlottesville is with a gift of cash. Cash can be used to support our work in the form of:

1) An outright gift. By making a cash gift by check, credit card or setting up an automatic transfer from your bank account today, you enable RMHC Charlottesville to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction when you itemize on your taxes.

2) A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

With this type of gift, you create the trust and fund it with assets, such as cash, real estate or appreciated securities. You receive income (either a variable or fixed dollar amount) each year for the rest of your life or for a period of up to 20 years from the trust. At the end of the trust term, the balance in the trust goes to support our mission. Your benefits include qualification for an income tax charitable deduction when you itemize, up-front capital gains tax elimination, potential for increased disposable income and professional management of the assets.

A Tax-Savvy Way to Benefit from Growing Assets

Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to Ronald McDonald House Charities Charlottesville. Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

Securities are most often used to support our work in two ways:

1) An outright gift. When you donate securities to RMHC Charlottesville, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer.

2) A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime subject to State or Federal Law..