- 400 FAIR HILL DRIVE ELKTON, MD 21921
DONATE
The Temple Gwathmey Steeplechase Foundation welcomes gifts of checks, cash,
by wire or by transfer of appreciated securities, gifts of life insurance, gifts from donor-
advised funds or IRA distributions.
Gifts of appreciated securities can provide significant capital gains tax savings and we are also pleased to accept corporate matching gifts. Donors may also make gifts online.
Click the button below to donate via our secure PayPal server. You do not need to have a PayPal account to donate.
Gifts of appreciated securities can provide significant capital gains tax savings and we are also pleased to accept corporate matching gifts. Donors may also make gifts online.
Click the button below to donate via our secure PayPal server. You do not need to have a PayPal account to donate.
You can also donate through VENMO: Temple Gwathmey
Steeplechase Foundation (@TempleGwathmeyFndn)
If you prefer to mail your donation,
please send your check to:
Temple Gwathmey Steeplechase Foundation
400 Fair Hill Drive
Elkton, MD 21921
For additional information, contact Executive Director, Alissa Norman, at Anorman@tgsteeplechasefoundation.org or (484) 897-0096.
The TGSF is a 501(c)(3) nonprofit organization so your donations to this publicly-supported organization are deductible within the limits of current federal and state tax law. The TGSF is exempt from federal income taxation.
For additional information, contact Executive Director, Alissa Norman, at Anorman@tgsteeplechasefoundation.org or (484) 897-0096.
The TGSF is a 501(c)(3) nonprofit organization so your donations to this publicly-supported organization are deductible within the limits of current federal and state tax law. The TGSF is exempt from federal income taxation.
ENDOWING THE FUTURE
Simple bequests and planned gifts provide donors with the opportunity to give more
to advance steeplechasing in America than they ever imagined while receiving income
for life and protecting assets. The Temple Gwathmey Steeplechase Foundation gives
donors the opportunity to use tax-wise gift options for lasting impact either through
direct gifts to the endowment or through the Steeplechase Living Legacy Fund.
Many gifts will cost nothing now; a simple codicil to a donor’s will can support the Fund. In addition, a number of planned gift instruments can actually increase the size of a donor’s estate and/or reduce the tax burden on donor’s heirs. Of critical importance is the kind of asset used to fund the gift; usually long-term appreciated securities generate the most favorable tax credits.
The TGSF recognizes donors who make gifts through a will or trust or a life income plan such as a charitable gift annuity or a charitable remainder trust (See list of available planned gift options.) Donors may also designate the TGSF as the beneficiary of a life insurance or retirement plan, or by executing other special planned gifts.
Gift to endowment can support general endowment or one of five endowment funds dedicated to equine and jockey safety, young rider development and amateur and apprentice jocks, or steeplechase promotion.
We encourage donors to speak with their financial advisor as they consider ways to support the future of American steeplechasing. For more information, contact Alissa Norman, Executive Director, at 484-897-0096 or Anorman@steeplechasefoundation.org.
Many gifts will cost nothing now; a simple codicil to a donor’s will can support the Fund. In addition, a number of planned gift instruments can actually increase the size of a donor’s estate and/or reduce the tax burden on donor’s heirs. Of critical importance is the kind of asset used to fund the gift; usually long-term appreciated securities generate the most favorable tax credits.
The TGSF recognizes donors who make gifts through a will or trust or a life income plan such as a charitable gift annuity or a charitable remainder trust (See list of available planned gift options.) Donors may also designate the TGSF as the beneficiary of a life insurance or retirement plan, or by executing other special planned gifts.
Gift to endowment can support general endowment or one of five endowment funds dedicated to equine and jockey safety, young rider development and amateur and apprentice jocks, or steeplechase promotion.
We encourage donors to speak with their financial advisor as they consider ways to support the future of American steeplechasing. For more information, contact Alissa Norman, Executive Director, at 484-897-0096 or Anorman@steeplechasefoundation.org.
STEEPLECHASE LIVING LEGACY FUND
- Created and managed by the Temple Gwathmey Steeplechase Foundation, the Living Legacy Fund has been created to fund large projects for the steeplechase community that inspire, encourage interest in and regulate the sport of steeplechase racing.
- Fund distribution will be determined by the Presidents of the Temple Gwathmey Steeplechase Foundation, the National Steeplechase Association, the Race Chairman’s Committee and the Steeplechase Owners and Trainers Association.
- All donations and bequests to this publicly supported organization are deductible within the limits of current federal and state tax law. As a 501(c)(3) organization, TGSF is exempt from federal income taxation.
- For details on how to donate or arrange a bequest, please contact the TGSF bookkeeper at 410-392-0700 or rosella@nationalsteeplechase.com
PLANNED GIFT OPTIONS
Making a planned gift is a great way to show support and appreciation for the Temple
Gwathmey Steeplechase Foundation and its mission while fulfilling personal, financial,
estate-planning and philanthropic goals. With smart planning, donors may actually
increase the size of their estates and/or reduce the tax burden on their heirs. More
importantly, they will know they have made a meaningful contribution to the future of the
Temple Gwathmey Steeplechase Foundation.
What is Planned Giving?
Planned Giving refers to a variety of ways you can make gifts to The Temple Gwathmey Steeplechase Foundation from accumulated assets. These gifts, with their tax and estate consequences, will require some planning.
Planned Giving is a means by which anyone concerned with the wise use of his/her personal resources makes a deliberate choice about how to use those assets, no matter how large or small (it’s not just for the wealthy). A Planned Gift is the gift that can keep giving forever. Unless you specify otherwise, it is invested in one of Temple Gwathmey Steeplechase Foundation’s endowment funds, where the principal grows while providing interest to help underwrite the organization’s efforts – year after year.
Planned Giving Methods We spend a lifetime accumulating assets to benefit our families and save for our golden years. Along the way, we build a portfolio of houses, life insurance, stocks, bonds, mutual funds, 401ks, retirement plans, and lots of possessions. Someday, these assets will go to others. Below are creative ways of planning a legacy – procedures and methods that can have tremendous benefits for an individual, a family, as well as the Temple Gwathmey Steeplechase Foundation.
A Bequest in a Will The easiest and most common way of making a Planned Gift is through your will. Yet over 50 percent of Americans do not have this key document
If you die without a will, the state will divide your assets among your spouse and children (regardless of age); appoint an administrator that may cost your estate large fees; and appoint guardians for your minor dependents. The federal and state governments make no charitable contributions; they keep as much of your estate as they legally can, and ensure that your estate pays them as much estate tax as possible
By making a will, you appoint your own administrator; you name the guardian of your minor dependents; you control applicable taxes; you can create a family or charitable trust to minimized estate taxes; and you can share your resources with your family or the Temple Gwathmey Steeplechase Foundation or other institutions as you choose.
A bequest in a will can take the form of a set amount of money, a percentage of an estate, a specific asset such as your home, a trust, or the naming of the Temple Gwathmey Steeplechase Foundation as a contingent beneficiary.
Sample language for including the Temple Gwathmey Steeplechase Foundation in your will might be “I give, devise and bequeath (state amount, asset or percentage of the estate) to the Temple Gwathmey Steeplechase Foundation to be designated to the ABC Endowment Fund.”
Gifts of Life Insurance and Retirement Accounts
A gift of life insurance is easy and a popular way to conveniently make a charitable gift to the Temple Gwathmey Steeplechase Foundation. You can make the Temple Gwathmey Steeplechase Foundation the owner of any paid-up whole life policy no longer needed, and the Temple Gwathmey Steeplechase Foundation will add its cash surrender value to its endowment. You get the cash value as a charitable donation deduction.
You can also buy a new insurance policy, or take an existing policy, and make the Temple Gwathmey Steeplechase Foundation the beneficiary and owner. The current value of the policy is tax deductible, as are future premium payments. Finally, you can make the Temple Gwathmey Steeplechase Foundation a contingent beneficiary of an existing policy, or name the Temple Gwathmey Steeplechase Foundation to receive the proceeds of the policy if the designated beneficiaries predecease the insured.
The remainder value of many retirement accounts can be heavily taxed when left to family, but pass tax-free to the Temple Gwathmey Steeplechase Foundation upon your death. Also, Simple IRA annual Required Minimum Distributions (RMD) that pass directly to the Temple Gwathmey Steeplechase Foundation for its Endowment do not add to your Adjusted Gross Income (AGI), reducing your income tax.
Gifts of Real Estate, Appreciated Property and Tangible Personal Property
Real estate or securities can be the source of your gift to the Temple Gwathmey Steeplechase Foundation. Using a Charitable Life Estate Contract, you can deed your home, vacation home, farm or condominium to the organization and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the Temple Gwathmey Steeplechase Foundation and often for several years in the future, and normally avoid any capital gains taxes when making the transfer. Your inheritance and death taxes may be reduced at the time of your death.
Gifts of appreciated real estate and securities allow you to avoid capital gains taxes. It is important to transfer the stock or real estate to the Temple Gwathmey Steeplechase Foundation prior to selling it. However, if the securities or real estate have declined in value from their purchase basis, you should sell the asset before making the gift, thus establishing a capital loss and a potential tax deduction for you.
Gifts of tangible personal property, such as jewelry, coins, art and automobiles, may also be given to the Temple Gwathmey Steeplechase Foundation. You are responsible for setting an appraised value on the gift, and any gift over $5,000 must be individually appraised.
Life Income Gifts
Life income gifts provide you or your designated beneficiary income for life in exchange for a gift.
The three most common types of life income gifts are a Charitable Gift Annuity, a Charitable Remainder Trust and Charitable Lead Trust, and a Pooled Income Fund.
With a Charitable Gift Annuity, gifts are pooled with other gifts and invested in a professionally managed portfolio on behalf of the Temple Gwathmey Steeplechase Foundation. The minimum gift is $5,000. The annuity guarantees you alone, or you and a designated beneficiary, a fixed amount of income for life, depending on your age at the time of your gift. A portion of the original gift is tax deductible, as is a portion of the regular income.
A Charitable Remainder Trust is available to donors using assets of $100,000 or more, and can be funded with various types of assets, including real estate. It provides income for life, an income tax deduction, relief from capital gain taxes (if funded through appreciated property), and a possible reduction in estate taxes. The income fluctuates based on the performance of the investment portfolio.
A Charitable Lead Trust enables you to transfer assets to a trust that pays its income to the Temple Gwathmey Steeplechase Foundation organization for a set period of time. At the end of the term (usually 10 to 20 years), the remainder of the trust reverts to the donor or, in most cases, the heirs. As the donor, you receive favorable tax treatment and may pass the trust assets to heirs at significantly reduced federal estate or gift tax.
We invite you to talk with your financial advisor and consider including the Temple Gwathmey Steeplechase Foundation in your estate plan. Through planned giving, you can make a gift much larger than you ever thought possible and the tax benefits can be very advantageous to you while you ensure a bright future for the Temple Gwathmey Steeplechase Foundation.
If you have included a gift to the Foundation in your will, need language to do so, would like an obligation-free complimentary life-income plan proposal or seek more information about gift planning, contact Executive Director, Alissa Norman, at Anorman@tgsteeplechasefoundation.org or (484) 897-0096.
What is Planned Giving?
Planned Giving refers to a variety of ways you can make gifts to The Temple Gwathmey Steeplechase Foundation from accumulated assets. These gifts, with their tax and estate consequences, will require some planning.
Planned Giving is a means by which anyone concerned with the wise use of his/her personal resources makes a deliberate choice about how to use those assets, no matter how large or small (it’s not just for the wealthy). A Planned Gift is the gift that can keep giving forever. Unless you specify otherwise, it is invested in one of Temple Gwathmey Steeplechase Foundation’s endowment funds, where the principal grows while providing interest to help underwrite the organization’s efforts – year after year.
Planned Giving Methods We spend a lifetime accumulating assets to benefit our families and save for our golden years. Along the way, we build a portfolio of houses, life insurance, stocks, bonds, mutual funds, 401ks, retirement plans, and lots of possessions. Someday, these assets will go to others. Below are creative ways of planning a legacy – procedures and methods that can have tremendous benefits for an individual, a family, as well as the Temple Gwathmey Steeplechase Foundation.
A Bequest in a Will The easiest and most common way of making a Planned Gift is through your will. Yet over 50 percent of Americans do not have this key document
If you die without a will, the state will divide your assets among your spouse and children (regardless of age); appoint an administrator that may cost your estate large fees; and appoint guardians for your minor dependents. The federal and state governments make no charitable contributions; they keep as much of your estate as they legally can, and ensure that your estate pays them as much estate tax as possible
By making a will, you appoint your own administrator; you name the guardian of your minor dependents; you control applicable taxes; you can create a family or charitable trust to minimized estate taxes; and you can share your resources with your family or the Temple Gwathmey Steeplechase Foundation or other institutions as you choose.
A bequest in a will can take the form of a set amount of money, a percentage of an estate, a specific asset such as your home, a trust, or the naming of the Temple Gwathmey Steeplechase Foundation as a contingent beneficiary.
Sample language for including the Temple Gwathmey Steeplechase Foundation in your will might be “I give, devise and bequeath (state amount, asset or percentage of the estate) to the Temple Gwathmey Steeplechase Foundation to be designated to the ABC Endowment Fund.”
Gifts of Life Insurance and Retirement Accounts
A gift of life insurance is easy and a popular way to conveniently make a charitable gift to the Temple Gwathmey Steeplechase Foundation. You can make the Temple Gwathmey Steeplechase Foundation the owner of any paid-up whole life policy no longer needed, and the Temple Gwathmey Steeplechase Foundation will add its cash surrender value to its endowment. You get the cash value as a charitable donation deduction.
You can also buy a new insurance policy, or take an existing policy, and make the Temple Gwathmey Steeplechase Foundation the beneficiary and owner. The current value of the policy is tax deductible, as are future premium payments. Finally, you can make the Temple Gwathmey Steeplechase Foundation a contingent beneficiary of an existing policy, or name the Temple Gwathmey Steeplechase Foundation to receive the proceeds of the policy if the designated beneficiaries predecease the insured.
The remainder value of many retirement accounts can be heavily taxed when left to family, but pass tax-free to the Temple Gwathmey Steeplechase Foundation upon your death. Also, Simple IRA annual Required Minimum Distributions (RMD) that pass directly to the Temple Gwathmey Steeplechase Foundation for its Endowment do not add to your Adjusted Gross Income (AGI), reducing your income tax.
Gifts of Real Estate, Appreciated Property and Tangible Personal Property
Real estate or securities can be the source of your gift to the Temple Gwathmey Steeplechase Foundation. Using a Charitable Life Estate Contract, you can deed your home, vacation home, farm or condominium to the organization and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the Temple Gwathmey Steeplechase Foundation and often for several years in the future, and normally avoid any capital gains taxes when making the transfer. Your inheritance and death taxes may be reduced at the time of your death.
Gifts of appreciated real estate and securities allow you to avoid capital gains taxes. It is important to transfer the stock or real estate to the Temple Gwathmey Steeplechase Foundation prior to selling it. However, if the securities or real estate have declined in value from their purchase basis, you should sell the asset before making the gift, thus establishing a capital loss and a potential tax deduction for you.
Gifts of tangible personal property, such as jewelry, coins, art and automobiles, may also be given to the Temple Gwathmey Steeplechase Foundation. You are responsible for setting an appraised value on the gift, and any gift over $5,000 must be individually appraised.
Life Income Gifts
Life income gifts provide you or your designated beneficiary income for life in exchange for a gift.
The three most common types of life income gifts are a Charitable Gift Annuity, a Charitable Remainder Trust and Charitable Lead Trust, and a Pooled Income Fund.
With a Charitable Gift Annuity, gifts are pooled with other gifts and invested in a professionally managed portfolio on behalf of the Temple Gwathmey Steeplechase Foundation. The minimum gift is $5,000. The annuity guarantees you alone, or you and a designated beneficiary, a fixed amount of income for life, depending on your age at the time of your gift. A portion of the original gift is tax deductible, as is a portion of the regular income.
A Charitable Remainder Trust is available to donors using assets of $100,000 or more, and can be funded with various types of assets, including real estate. It provides income for life, an income tax deduction, relief from capital gain taxes (if funded through appreciated property), and a possible reduction in estate taxes. The income fluctuates based on the performance of the investment portfolio.
A Charitable Lead Trust enables you to transfer assets to a trust that pays its income to the Temple Gwathmey Steeplechase Foundation organization for a set period of time. At the end of the term (usually 10 to 20 years), the remainder of the trust reverts to the donor or, in most cases, the heirs. As the donor, you receive favorable tax treatment and may pass the trust assets to heirs at significantly reduced federal estate or gift tax.
We invite you to talk with your financial advisor and consider including the Temple Gwathmey Steeplechase Foundation in your estate plan. Through planned giving, you can make a gift much larger than you ever thought possible and the tax benefits can be very advantageous to you while you ensure a bright future for the Temple Gwathmey Steeplechase Foundation.
If you have included a gift to the Foundation in your will, need language to do so, would like an obligation-free complimentary life-income plan proposal or seek more information about gift planning, contact Executive Director, Alissa Norman, at Anorman@tgsteeplechasefoundation.org or (484) 897-0096.
