Veterans Donations, Veterans in Need, Veterans Organizations, need donations.#Need #donations
(U.S. Army photo by Sgt. Jeffrey Alexander)
Ways to Help
Veterans Inc., as a private nonprofit organization, relies on the support of individual contributors like you. Every tax-deductible dollar you give helps us to provide veterans and their families with the support and services they need.
Information Session on Ways to Help Veterans Inc.
There are several ways you can make a difference in the lives of veterans in need. Visit us at our headquarter site in Worcester, MA to see how you can make a difference!
Where: Veterans Inc. Headquarters, 69 Grove Street, Worcester, MA
*If you are interested in donating your time please bring a Photo ID (MA License)*
Space is limited, please register in advance by contacting (508) 791-1213 ext. 1196 or emailing [email protected]
The Veterans Inc. Annual Appeal provides critical ongoing support of the programs and services with the greatest need.
Unrestricted gifts to the annual appeal are an important source of steady income. They enable Veterans Inc. to provide housing, employment and training, food services, and more.All contributions are tax-deductible.
Make the year brighter for our veterans and their families with a donation to Veterans Inc.
We gratefully accept the following:
- Cash contributions
- Recurring Gifts
- Matching Gifts
- In Memory and In Honor Gifts
Contributions of money may be:
69 Grove Street, Worcester, MA 01605
- For a list of specific items needed at this time, please view our Wish List.
- To run a food or clothing drive, please contact [email protected]
- Vehicles (Please see our Vehicle for Veterans Program)
Wish List items only may be dropped off 7 days a week at 69 Grove St in Worcester, MA.
Business Hours: 9AM to 8PM
Vehicles for Vets – Car Donation Program
Interested in donating your vehicle to Veterans Inc.? Veterans Inc. is coordinating a pilot program in Worcester, Massachusetts designed to give its clients an opportunity to obtain transportation and better their chances of obtaining employment.
If you have an operational vehicle inspected in Massachusetts, that is 10 years old or less, and has under 150,000 miles that you would like to donate, please call 508-791-1213 ext. 1162.
The following guide is intended to help you plan a meaningful gift to Veterans Inc. All information provided is general in nature. For specific advice concerning your situation, please consult your attorney.
A planned gift is a way to make a gift now that will provide immediate financial benefits to you and future benefits to Veterans Inc. By making a planned gift, you may enjoy tax savings and income for life (funded by assets such as appreciated securities). A variety of methods used to make these gifts range from simple bequests made in wills to setting up charitable trusts. These methods are described below.
If you decide to leave assets from your estate to Veterans Inc. by provision in your will, or a codicil to your will, this is a bequest. You can bequeath a specific amount of money, a percentage of your estate, or specific property.
Your estate will receive a charitable estate tax deduction at your death, when the gift is actually made. A bequest enables you to make a significant gift to Veterans Inc. while retaining full control of your assets throughout your life and reducing your estate taxes.
– Charitable Remainder Trusts
A charitable remainder trust makes payments either a fixed amount (annuity trust) or a percentage of trust principle (unitrust) to whomever you choose. You may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, Veterans Inc. receives whatever amount is left in the trust.
Charitable reminder unitrust provides some flexibility in the distribution of income and can be helpful in retirement.
The lead trust makes payments either a fixed amount (annuity trust) or a percentage of trust principle (unitrust) to Veterans Inc. for a set term of years to support any program you might designate. When the trust terminates, the asset is ultimately returned to you (a grantor lead trust) or to your heirs (a non-grantor lead trust). You may claim a charitable tax deduction for funding a non-grantor lead trust. The lead trust is one of the few ways to reduce transfer taxes that would otherwise be due on assets left to your heirs.
– Real Estate / Retained Life Estate
You may gift your personal residence to Veterans Inc. and retain the right to live there for the remainder of your life. You would receive an immediate tax deduction but would continue to maintain the property and pay taxes and even receive any income it may generate. At your death, Veterans Inc. could use or sell the property.
A direct and simple way to make a planned gift is to name Veterans Inc. as the beneficiary to receive all or a portion of the proceeds of a life insurance policy. This method may also offer tax advantages; these vary from state to state.
– Appreciated Securities / Gifts of Appreciated Stock
If you have stocks which have greatly appreciated in value since their purchase, you might want to consider them as a charitable gift to Veterans Inc. You can deduct the fair market value of qualified non-cash property and pay no capital gains tax on gifts of long-term appreciated property (held for at least a year and a day). This can dramatically reduce the cost of making a charitable gift or increase the amount you can afford to give.
An endowment, as with any good investment, increases in value over time. For the donor, an endowment means your fund will exist in perpetuity. Your fund will grow to keep pace with or exceed inflation should no further contributions be made. For Veterans Inc., an endowment preserves capital, provides long-term growth, provides income for Veterans Inc., increases purchasing power, and keeps pace with or exceeds inflation.
As an example, consider a $100,000 unendowed gift to Veterans Inc. for capital improvements. If $10,000 were allocated each year there would be zero dollars remaining in the fund after 10 years. However, if that $100,000 were used to establish an endowment, the money would be invested and each year, and a portion of the fund s earnings would be allocated to capital improvements. A portion would be reinvested in the fund s principle, and a portion would be used to cover investment fees. After 10 years, even if no further contributions were made to the fund, the fund would still exist, continue to provide capital improvement support, and the amount of both the principle and the award would increase over time.