Your monetary gift – be it cash, check, money order or credit card – is the simplest method of giving, and is not subject to gift or estate taxes. As the most immediate and impactful gift you can make, monetary donations are greatly appreciated. Personal checks, cash or credit/debit card transactions (MasterCard or VISA) are the most popular ways to make a gift to the HorseAbility campaign, which will also afford you an income tax deduction during the year in which the gift is made.
Larger monetary donations can be pledged over a period of time to best match your charitable tax objectives. For the sake of this campaign, HorseAbility Equine Facilitated Programs prefers pledge commitments be fulfilled within two to three years; for example, a gift of $25,000 can be paid in two annual installments of $12,500. Pledges are statements of charitable intent.
Donors should use our binding Letter of Intent form to indicate the method by which their gifts will be made, the anticipated timing of their pledge payments, and any other information necessary. Checks should be made payable to HorseAbility and mailed to the attention of Katie McGowan, Founder and Executive Director at HorseAbility at SUNY Old Westbury, PO Box 410-1, Old Westbury, NY 11568.
Donating long-term appreciated securities directly — rather than selling the assets and then donating the cash proceeds — is also one of the best and easiest ways for donors to give.
Gifts of appreciated, publicly traded securities such as readily marketable stocks or bonds may have important added tax-benefits for donors. The deduction for outright gifts of appreciated long-term securities held more than 12 months is equal to the fair market value of the securities on the date the donor relinquishes control of those assets. Furthermore, none of the appreciation is subject to capital gains taxes. As such, this method of giving has become increasingly popular in recent years.
HorseAbility maintains an account for the transfer of securities. For further information, please contact the Development Office at HorseAbility.