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You can easily donate securities to the Senior Center to support our work. Your gift can also lower your taxes. By giving shares of stock (owned for at least one year) you can receive the same deduction you would for a cash donation while avoiding potential capital gains taxes.
The Scholarship fund covers membership dues, costs for transportation to and from the Center, and program fees to individuals of limited resources in our area. This fund is accessible and hassle-free, so scholarships are awarded on an honor system basis. To qualify for funding, one only has to express a financial need. The Scholarship Fund plays a central role in ensuring that Center membership is available to everyone – and that strengthens our entire community. For more information on this important fund, please contact Sarah Althoff at 974-7756.
Named in honor of the home we built together at 1180 Pepsi Place, The 1180 Society is a circle of philanthropic leaders who have made outstanding personal commitments to the mission of the Senior Center. Through their leadership with an annual gift of $1,180 or more, members of the 1180 Society are a driving force behind our programs. For more information about this group, please contact our Executive Director, Peter Thompson, on his direct line at 974-4577 or stop by his office. Here is a story of two of our members of The 1180 Society.
Peggy and Ernie Boggs have been members of the Senior Center for nearly twenty-five years. If they don’t know you personally, chances are you know Peggy from the front desk or Ernie as the Center’s resident Santa Claus.
The Robey Legacy Society recognizes individuals who have taken the special steps necessary to remember the Senior Center in their will or through another planned giving method. The society is named in tribute to Frances Jean Robey, who left her entire estate to our Senior Center in 1991.
Robey Legacy Society charter member Ian MacLeod.
Ian and Nella MacLeod shared much of their time and talent with the Senior Center during their nearly eighteen years as members. Nella passed away a year ago this month and Ian passed away just before Christmas. Married nearly 70 years, this amazing couple was active with our travel program, buildings and grounds, chess, tap dancing, Great Decisions and other lecture programs, Yoga, and much more.
Leave a Legacy:
For more information on including the Senior Center in your estate plans, Click Here to visit our local Leave a Legacy site.
The Seabrook Endowment Fund is managed at the Charlottesville Area Community Foundation (CACF). Your donation to the Seabrook Endowment Fund will live in perpetuity, with the interest earned from the fund being used to improve our programs. Your generous gift to the Seabrook Endowment Fund will create a permanent source of strength for your Senior Center. Our goal is to have distributions from the fund for sustained funding for current and innovative new programs to help meet our mission to involve, enrich, and empower seniors in our community.
The "Elizabeth A. Seabrook Rose" shown below, is blooming in Liz’s memory in our own Senior Center Rose Garden.
With interest rates on CDs at historically low levels, now is a good time to consider a Charitable Gift Annuity. A Charitable Gift Annuity is a contract under which the Senior Center agrees, in return for your gift of cash or marketable securities, to pay you a fixed payment for the rest of your life (or for a period of two lives). As a bonus, you’ll receive a charitable income tax deduction when you itemize on your tax return (subject to certain adjusted gross income limitations).
The annuity rate is based on your age. The older you are, the higher the rate. Based on an age of 75, the annuity payout rate is 7.1%. That means, if you donate assets worth $10,000 to the Senior Center, the Center will pay you $710 each year for the rest of your life. Income taxes on your payments vary, depending on the type of contribution you make. If you contribute $10,000 in cash, each of your next 12.4 years’ payments of $710 will contain $428.35 of tax-free income (as opposed to CD income, which is all currently taxable as ordinary income).
Finally, your Charitable Gift Annuity is part charitable gift and part purchase of an annuity. The gift portion of your transfer is deductible for income tax purposes. Based on the above example, your current income tax deduction would be $4,688.42.
What a great way for a donor to:
So you see, it is actually possible to do well by doing good! Contact Peter Thompson,
, at 974-7756 or your financial adviser for more information.
Did you know that hundreds of companies match employees—and retirees—donations to qualified nonprofit organizations? Senior Center, Inc. qualifies for virtually all corporate matching gift programs, even if you are retired.
If your company is not listed here, follow this link for an easy search of companies which make matching gifts: Company Matching Gift Website.
Simply contact your current or former employer to learn more about your corporate matching gift program, complete a very simple form, and send it to the Senior Center with your donation. For more information, contact Peter Thompson, , at 974-7756.
To review the Senior Center's IRS form 990 with detailed and independently audited financial information and to view the GuideStar.org website, click HERE.
Senior Center, Inc is recognized by the Virginia Better Business Bureau as meeting all 15 Standards for Local Charitable Solicitations. Meeting these standards assures donors that their funds are being used appropriately, to meet our mission of enriching, empowering and involving seniors.
Do you work for the Commonwealth of Virginia
or have a friend who works for the Commonwealth?
If you or your friends are interested in giving to the Center through this charitable campaign opportunity, please designate #3996.
$1,658.00 in was designated to Senior Center, Inc. in 2007.
More than 1,000 charities apply annually to participate in the Commonwealth's workplace giving campaign. More than 20,000 employees annually support their favorite charities through the CVC. The Commonwealth of Virginia Campaign (CVC) is the tool that facilitates State Employee giving. Since 1997, employees have raised over $25 million! In the 2005 campaign, more than 22,000 employees gave a record $4.4 million, including over $502,000 designated to the Hurricane Katrina Relief Fund.
Employees may designate their gift to a specific charity (or multiple charities), to all the charities in their part of the state, or to all the charities in the campaign. With over 1300 charities, there are plenty of choices for employee giving.
Designate #3996 on your pledge form.
For more information, visit the CVC website .
Looking for ways to help support the Senior Center? Interested in buying/donating specific items that are needed? Then this opportunity is for you! The following items are needed to support the Center’s administration, grounds and programs.
For more information on any of these items, or to see if some generous donor has beat you to the punch, contact Sarah Althoff at 434.974.7756, our .
Thank You – Thank You – Thank You!!