Planned Giving

What Is Planned Giving?

A planned gift is an irrevocable or revocable gift; a creative way to give, using different types of assets; a way for donors to make gifts to an organization and receive financial benefits; a way for donors to make larger gifts than they thought possible, and for some donors the only way to make a major gift; a way to help donors achieve philanthropic and financial objectives; and a way to offer substantial assistance to one's charity of choice. There are major tax savings also associated with planned giving.

Ways to Fund a Planned Gift

Cash and most other types of assets can be used to make a bequest.

  • Cash
  • Annuities
  • Pledge - If in a campaign, over the years remaining in the campaign.
  • Securities - Stocks, bonds, mutual funds and closely held stock.
  • Life Insurance - Identifying the beneficiary of your insurance policy.
  • Tangible Personal Property - Antiques, jewelry, books, art, planes, automobiles and computers.
  • Real Estate - Personal residence, farmland, summer home, commercial property and undeveloped land.
  • Retirement Assets - Individual retirement accounts and pension plans.

Gifts of Cash

Planned gifts in the form of cash donations are flexible and convenient for the donor, with the benefit of an income tax deduction and an immediate impact on Ability Partners Foundation. You may specify that your gift be applied to our endowment or used for a specific purpose that is close to your heart. We can help by letting you know more about the needs of CP Rochester, Happiness House, and Rochester Rehabilitation

Bequests

By naming Ability Partners Foundation as a beneficiary in your will, you can provide for CP Rochester, Happiness House, and Rochester Rehabilitation’s future without affecting your family's current financial security. The tax savings to your estate can be considerable. You may designate a specific dollar amount or a percentage of your estate, or you may choose one of several other forms of bequest that most closely fit your interests and the needs of your family.

Appreciated Property

Gifts of appreciated property - securities or bonds - may provide more advantages than a cash gift in the same amount. They not only generate a charitable income tax deduction, but you can usually avoid capital gains tax.

Endowment Fund

Ability Partners Foundation envisions that all individuals with disabilities and disadvantages will realize their full potential as productive, contributing, and participating members of their community. We are fortunate to have organizations like ours working tirelessly toward this goal. But, we can’t do it alone. We need your help to ensure CP Rochester, Happiness House, and Rochester Rehabilitation continue to fulfill their mission for years to come by participating in the Ability Partners Foundation Endowment Fund. The endowment consists of funds given to the Ability Partners Foundation that are invested in perpetuity. This allows for the endowment to provide both immediate funding and long-term financial security for the organizations, ensuring that the fund will continue to benefit future generations of children and adults with disabilities and disadvantages, and their families.

For more information on the Endowment Fund, download our brochure in the Helpful Resources box above.

Financial Advisement

We recommend that you speak to your financial advisor before making a planned giving commitment. We can provide more information and suggest appropriate advisors if you need additional assistance.

Contact Us

To make inquiries regarding Charitable Giving, please contact:

Cheryl Coppola
Vice President, Foundation and Development
(585) 286-9711 x1325
ccoppola@happinesshouse.org
Every Gift Makes A Difference!