SENG (Supporting Emotional Needs of the Gifted) relies on contributions from friends, corporations and foundations to support its operations. Fees from conferences, SENGinars and other awareness efforts only cover a small portion of our programs and other educational offerings. Donations allow us to enhance our existing programming, establish new programs and plan for our future. All contributions are tax-deductible as provided by law.
Gifts can be made in honor of an individual or organization. Additionally, gifts can be made in memory of a deceased person. In these cases, SENG will send a note to the individual and/or family you specify with information about the gift. Acknowledgement will also be made in SENG’s Annual Report of Gifts.
Many companies match donations made by their employees to nonprofit organizations. If yours does, please submit the required paperwork along with your contribution, and SENG will handle the rest.
Although most people first think of writing a check when making a contribution, there are other means of giving. Many offer substantial tax savings. Please consult your tax advisor for specifics that relate to your personal situation.
Appreciated stock: Appreciated stock can provide an attractive means of giving that may allow donors to avoid capital gains tax liability.
Life Insurance: SENG may be named as the beneficiary of a policy or ownership of the policy may be transferred to SENG.
Real Estate: Real estate can be an excellent gift because the donor may both claim an income tax deduction for the value of the gift and avoid paying a capital gains tax on the appreciation of the property.
Life Income Gifts: Donors can make a gift of cash, securities, or other assets and receive both income for life and a current charitable tax deduction in return. A variety of trust arrangements can facilitate such a gift.
Bequest: A bequest in a will is another means of contributing to SENG. A bequest can be in the form of a dollar amount, specified asset, and/or a percentage of property remaining in your estate. The following language can be used in a will to make a bequest: “I give (the sum of ____ dollars), (all or ____ percent of the residuary of my estate) to SENG (Supporting Emotional Needs of the Gifted), Poughquag, NY, for its general purposes.”
Retirement Plans: At the death of the beneficiary, the remainder of retirement plan(s) can be heavily taxed. The bulk of the tax burden may be avoided if the value of the plan is bequeathed to a non-profit organization, such as SENG.
Planned Giving: There are a number of options that provide tax advantages while benefiting SENG.
For more information about donating to SENG please contact [email protected] or by phone (844) 488 7364