St. Mary's Home for Children wants giving to
be a pleasure for our donors, engender good feelings all around,
and give our donors the sense they are making a difference.
As a charitable contribution, your gift to
St. Mary's Home for Children is afforded tax benefits or
deductions according to the type of donation you make. Careful
planning of your gift can help to maximize not only the mission
of St. Mary's, but your personal goals as well.
The generosity of St. Mary's Home for
Children's many friends helps provide the quality of care and
service to the children of Rhode Island for which it is
renowned. Over the past few years, support from individuals,
corporations and foundations have enabled us to create and
expand programs, construct two new state of the art cottages,
and conduct much needed renovations on our North Providence
St. Mary's has always relied on private
dollars to realize our commitments. The support we receive from
individuals, corporations, organizations and foundations helps
make St. Mary's a place for children to heal and start anew.
Methods of Charitable Giving
Payroll Deduction Program
Please give through your
payroll deduction program:
United Way Combined Federal Campaign State
Employees Charitable Appeal #6470
Other Means of Giving
The most common method of giving is cash
donations. Gifts made by check, credit card, or money order
provide St. Mary's with funds for current use. In addition, you
may now make secure donations using Paypal. This is the easiest
and fastest way to donate to St. Mary's.
Such gifts can be made in person, through a
broker, or through the mail. For tax purposes, the value of the
gift is recorded as the average market value on the date of
delivery (or if mailed, on the postmark date). If transferred
through a broker, the gift's value is determined by the date of
transfer as recorded in the books of the corporation.
Many companies will match gifts made by
their employees, retirees and family members. Be sure and check
with your company's personnel office if you are uncertain about
their matching gift policy. You will be provided with a matching
gift form to use.
Remembering St. Mary's Home for Children in
your will is a very special and effective way to ensure that the
ideals you value will be perpetuated. It also reduces the
taxable portion of your estate.
Gifts of valuable art works, furniture,
jewelry, antiques, rare books and manuscripts can increase St.
Mary's resources in many ways.
Life Income Gifts
With a life income gift, you assign cash,
securities, or other assets irrevocable to St. Mary's Home for
Children. The most widely used life income plans are the
Charitable Remainder Annuity Trust and the Charitable Remainder
You can offer real estate as an immediate
gift or to fund a trust. You may even arrange for lifetime
occupancy after making your gift, thereby gaining a tax
deduction and eliminating local taxes while still enjoying the
comforts of home.
At a relatively low cost to you, a life
insurance policy which names St. Mary's Home for Children as a
beneficiary can have a real impact.
Legal or financial advisors can best help
you determine the vehicle most advantageous and appropriate for
Donors who make planned gifts to the agency
are also eligible for membership in St. Mary's 1877 Society.
Types of Gifts
Restricted or unrestricted, annual gifts go
directly into St. Mary's operating budget and are immediately
available to the agency in the year which they are received.
Unrestricted annual gifts are especially valuable because they
allow St. Mary's the most flexibility with respect to their use.
These gifts are used for new construction or
renovation of facilities.
With an endowment gift the principal is
preserved and only a portion of the interest earned is spent.
These gifts are often known as the "gifts that keep on giving"
as they provide an ongoing source of revenue for the agency.
These gifts may be restricted by the donor as to their use; or
unrestricted, which allows St. Mary's to use the interest
generated where it is most needed.
For more information about charitable giving to
St. Mary's Home for Children, please contact Susan DeRita:
St. Mary's Home for Children
420 Fruit Hill Avenue
North Providence, RI 02911-2647