The primary purpose and function of The Chateau Foundation is to receive gifts and bequests, and to disburse these funds for projects that would add to the enjoyment and well-being of The Chateau Residents.

Since the Foundation is a charitable organization with a tax-exempt status, gifts and bequests to the Foundation are income tax deductible by the donor.

The Foundation Board of Directors is responsible for the investment of all funds and approves disbursements that have been recommended by the Foundation’s Associate Board.

 

Friends of The Chateau can make a variety of gifts to The Chateau Foundation.  The method selected by each donor depends upon his or her own motivation, financial circumstances and tax position.

A gift may be offered in memory of or in tribute to a loved one or a friend, in celebration of a special occasion, or as an expression of appreciation.

A gift in any amount is greatly appreciated, and all contributions made through the Foundation are tax deductible and have a tremendous impact on the Foundation programs.

 

• Annual Gifts of Cash
  
  The most common and the simplest form of gift.
• Pledges for Annual Gifts
  
  Often follow a cash commitment. Pledges in specified amounts can be given annually.
• Securities
  
  Given in lieu of cash. Donors may receive tax deductions in the amount of the fair market value of the stock at the date of donation, subject to certain limitations.  Donors of securities need to pay capital gains tax where stock has appreciated in value since the acquisition date.
• Real Estate
  
  Offers same benefits as securities. Farmland, residential, or commercial property may be held, converted into cash, or managed as an endowment asset.
• Life Insurance
  
  An increasingly popular gift. The Chateau Foundation is irrevocably named the beneficiary and policy owner. Donors obtain a federal tax deduction of approximately the cash surrender values of the policy and may be entitled to an annual deduction if they continue the annual premium.
• Gifts by Bequest
  
  Exempt from federal estate taxes. Donors provide for The Chateau through their wills.
• Charitable Remainder Trusts
  
  Become operative during the donor’s lifetime. Thus, they provide a lifetime income to the grantor and permit an immediate income tax deduction. A charitable remainder annuity trust provides an annual income of a specified amount, while a charitable remainder unitrust provides a variable rate return.
• Gifts in Kind
  
  Books, collections, art objects, or equipment. The amount of the tax deduction depends upon the fair market values of the property at the date of the gift, with some limitations. The donor’s tax consultant is responsible for obtaining the official determination of the fair market values.
• Memorial Gifts
  
  Perpetuate a family name. An endowment fund established with memorial contributions and augmented by future gifts create a lasting remembrance while significantly aiding programs. Lifetime Benefits For You with Terminal Benefits to The Chateau.
• Charitable Gift Annuity
  
  The Charitable Gift Annuity is a combination of a gift to charity and an annuity. For senior persons, annuity rates may be 8%, 9% or even higher*. Since part of the annuity payment is tax-free return of principal, the gift annuity may provide the donors with a very substantial income. The combination of partially tax-free income and the initial charitable deduction makes the agreement quite attractive.

Click here to make an online donation.

For questions on annuities or non-cash donations, please contact:
Sarah Barks
Chief Financial Officer
573-335-1281 or 1-800-428-0069