Want to Help Build A New Ice Rink? Here are several ways to give.
There are many ways you can give to the Palouse Ice Rink. Christina Randal can work with you to help you create a way of giving that fits with your pocketbook. All donations are tax deductible, but you should always check with your tax advisor. Here are 18 ways you can help us build a new full-size ice rink for the community:
1. Cash: Credit card, check, or Paypal
2. Honorary or Memorial Gift: A memorial gift can help perpetuate the values and ideals that defined a loved one’s life. Honorary gifts commemorate a significant event or an exceptional person who is still living.
3. Asset Naming Gifts: for more information, see this page
4. Planned giving involves providing for a future gift to charities through your financial and estate plans. The PIR welcomes gifts made through different planned giving arrangements. These arrangements can:
- Provide for you or your loved ones
- Entitle you to charitable income and/or gift or estate tax deductions
- Enable you to leave a legacy for the PIR
5. Endowment: Any asset donated to and for the perpetual benefit of a non-profit institution. The donation is usually made with the requirement that the principal remain intact and money earned from investing the principal be used for a specific purpose.
6. Real Estate: gifts of property such as homes, vacation homes, commercial property, or raw land
7. Gifts in Kind: gifts of personal property
8. Life Insurance Gift: You can give part of full ownership of your life insurance policy by signing a an “assignment” or a “transfer” document.
9. Business Interests
10. Partnership Interests
11. Retirement Plan Gift: You can name Palouse Ice Rink as the beneficiary of a qualifying retirement plan through a beneficiary designation form, ensuring assets will not be included in your taxable estate.
12. Pledge: A promise to provide a donation at a future date
13. Charitable Remainder Trust (Annuity or Unitrust)
14. Charitable Gift Annuity: involves a contract between a donor and Palouse Ice Rink whereby the donor transfers cash or property to PIR in exchange for a partial tax deduction and a lifetime stream of annual income from the charity.
15. Charitable Lead Trust: an irrevocable trust designed to provide financial support to PIR for a period of time, with the remaining assets eventually going to family members or other beneficiaries.
16. Commemorative Gift: A gift in honor of someone or something
17. Retained Life Estate: allows a person to become a donor by irrevocably transferring ownership of a home or farm to a charity while retaining lifetime use of the property. This gift is restricted to homes and farms, but not other types of real estate.
18. Bequest in Will or Living Trust: A designation in your will to give a portion of your assets to Palouse Ice Rink at your passing.