The Tri-County Office on Aging relies on community support to help provide vital services to seniors and adults with disabilities. Programs such as Meals on Wheels, Crisis Services for the Elderly and the Medicare/Medicaid Assistance program help seniors and persons with disabilities live with dignity in their own homes for as long as possible. Quality of life and providing choice and access to services for seniors and persons with disabilities is so important, please consider making a tax-deductible contribution to The Tri-County Office on Aging and become a Champion For Independence!
One time and recurring gifts of any amount are welcome. Donations can also be made in honor of or in memory of someone. Please click the donate now button to support TCOA.
OTHER GIVING OPTIONS
We are actively encouraging our friends to consider a bequest to the Tri-County Office on Aging. Including Tri-County Office on Aging in your estate plans by will or by a codicil to an existing will is a lasting legacy. You can also have your legal representative use the sample language provided below covering the four most common types of bequest.
The following language may be used to establish a bequest by will, or to create a codicil to an existing will to benefit Tri-County Office on Aging.
Type #1. (Specific Dollar Amount Bequest)
I hereby bequeath ($ insert dollar amount here) from my estate to Tri-County Office on Aging located at 5303 S. Cedar Street, Building 1, Lansing, Michigan 48911 – to be used for their general charitable work.
Type #2. (Percentage Bequest)
I hereby bequeath (insert percentage here %) of my estate to Tri-County Office on Aging located at 5303 S. Cedar Street, Building 1, Lansing, Michigan 48911 – to be used for their general charitable work.
Type #3. (Rest and Residual Bequest)
I hereby bequeath the rest and residual from my estate after all bequests and obligations to Tri-County Office on Aging located at: 5303 S. Cedar Street, Building 1, Lansing, MI 48911 – to be used for their general charitable work.
Type #4. (Specific Real Property Bequest)
I hereby bequeath the following real property (insert property description here) from my estate to Tri-County Office on Aging located at: 5303 S. Cedar Street, Building 1, Lansing, MI 48911 – to be used for their general charitable work.
*The above is not intended as legal counsel. You must consult your legal advisor to establish a will and or bequest to benefit Tri-County Office on Aging
The Tri-County Office on Aging’s Endowment Fund at the Capital Region Community Foundation ensures contributions will benefit the agency over time, thus giving donors the most advantageous treatment possible. The Michigan Tax Credit may reduce your State of Michigan income tax liability by one-half the amount contributed – up to $400 for a married couple, $200 if single. For resident estates or trusts, $5,000 or ten percent of tax liability before claiming any credits, whichever is less. For more information contact the Capital Region Community Foundation.
Many thoughtful donors review their stock portfolio periodically to make gifts, selecting appreciated stocks (held for over one year) which have increased in value the most. These individuals give stock instead of cash because they have discovered the prudent stewardship, value, and enjoyment of maximizing their giving power.
Why Donate Stock?
A gift of stock may be donated at its current full fair market value. This means the donor receives a charitable income tax deduction credit based upon the stock’s current full fair market value, not the purchase price. The donor bypasses paying the capital gains tax due and maximizes their gift. In addition, the stock donor may deduct up to 30% of their adjusted gross income (AGI) in the year of the gift, with a five-year carry over for any unused portion of the deduction.
For example, you have a stock which you purchased at $15.35 a share, it is now valued at 48.50 a share; the $33.14 gain per share on this stock would be subject to federal capital gains taxation if you sold it.
How Do I Donate Stock?
To receive a charitable income tax deduction the gift of stock must be transferred directly to a non-profit organization. Do not sell it!
You can do this for Tri-County Office on Aging by contacting TCOA’s Fundraising and Volunteer Specialist at 517-887-1377.
Donations aren’t always of monetary value! If you want to donate some of your time to help TCOA, please look at the various volunteer opportunities here.