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There are two primary ways to get involved and support the mission of PLACES, Inc. The first is to be a part of our endowment fund, The Heart and Home Legacy Society. The second is to be a part of our Board of Trustees.
The Heart and Home Legacy Society represents committed people who have seen the impact of PLACES, Inc. on the lives of many people. It is a reminder of PLACES’ mission and symbolizes the desire to see PLACES’ programs and services continue.
The Heart and Home Legacy Society was established to help provide for the long-term financial stability of PLACES, Inc. We ask that you consider including PLACES in your charitable plans. By doing this now, you may find that tax advantages can increase the value of your estate, enabling you to do more than you might ever have dreamed possible.
Members of the Heart and Home Society are dedicated to furthering the mission of PLACES, Inc. through planned charitable gifts. Gifts may be made in a variety of ways to help maximize your charitable benefits.
Bequest by Will: A bequest to PLACES, Inc. through a will permits your family to retain the use of your assets or property during your lifetime. Bequests may be designated for a percent of your estate, a specified amount, or the remaining property after all other obligations are fulfilled.
Life Insurance: When the added protection of an insurance policy is no longer needed, transferring the policy’s ownership to PLACES, Inc. can result in tax benefits for you and serve as a gift to PLACES. PLACES can also be included as a beneficiary or owner of a new or existing policy.
Retirement Funds: You can designate PLACES, Inc. as the beneficiary or contingency beneficiary of your retirement plan assets. Since retirement plans are more heavily taxed than other estate assets, this can significantly reduce your estate tax liability and eliminate the income tax that would be payable by a beneficiary other than a charitable organization.
Charitable Remainder Trusts: A Charitable Remainder Trust can provide income to you or other individuals you designate for the beneficiary’s lifetime or for the trust’s term. Thereafter, the trust principle will go to PLACES’ Endowment Fund.
Charitable Lead Trusts: A Charitable Lead Trust may be used to build PLACES’ Endowment Fund over time while providing you with beneficial tax deductions. At the end of the trust’s term, the remaining assets are transferred to specified individuals or to you.
Charitable Gift Annuities: A Charitable Gift Annuity can be established through the Dayton Foundation by making a gift of cash or securities worth at least $10,000. The annuity guarantees a fixed stream of income for life for you and/or your other designated individuals and provides an immediate income tax deduction for the gift. Upon the death of the last beneficiary, any remaining amount will go to PLACES’ Endowment Fund.
Outright Gift: A direct gift of cash, appreciated securities, or real properties may be the most convenient way for you to make a contribution to PLACES’ Endowment Fund. Gifts of long-term capital gains assets (appreciated assets held for more than one year) may save you taxes and maximize your gift.
Each of these giving options may offer varied estate, gift, or income tax benefits, leaving you more to give your family and charity. PLACES will provide you and/or your advisors with more information as needed.
Please contact Roy Craig if you wish to make a donation or have further questions.
The Board of Trustees consists of 7-10 members who meet bimonthly, generally on the 4th Thursday of the month. The Board is entirely voluntary and is composed of primary and secondary consumers of Mental Health services, as well as concerned members of the business, professional and volunteer communities. Trustees have a genuine concern for individuals with mental illness and/or an interest in mental health agencies.
Current Board Members:
If you are interested in serving on our Board of Trustees, please contact Roy Craig.
Questions, comments, complaints? Email the webmaster.