Create a lasting legacy for families
Planned giving is a meaningful way to support families while also achieving your personal and financial goals.
Planned giving is a meaningful way to support families while also achieving your personal and financial goals.
Providing a Gift Through Your Will
Ronald McDonald House NEO has partnered with FreeWill to give you an intuitive online resource that helps you write a legally valid will online. This free resource can help you create your legacy in 25 minutes, ensuring the peace of mind that comes with having a plan for you and your loved ones.
Another planned giving option for supporters 70.5 or older is to give a tax-free gift directly from your IRA. This gift can be made whether or not you itemize deductions. A gift from your IRA makes an immediate impact on our services and may come with great personal tax benefits. We have a free tool to get you started in 10 minutes or less. Get started
Explore more ways to leave a lasting impact—download our Legacy Society Planned Giving Guide!
While the market is down and preserving cash is a concern, donating stock can still be the most effective way to make an impact and SAVE money in the process.
Save on taxes: When you donate your appreciated assets (stock), you avoid paying capital gains tax. If you itemize deductions, you can also take a charitable deduction for the entire donation amount.
Timing: For your gift to be eligible for your current year’s tax return, you must give by December 31 of that year.
Value: Even if the value of your stock is down, many long-held securities have appreciated over time. Donating these, rather than cash, avoids capital gains and the shares can be repurchased at the lower price, which also resets your cost-basis.
Charitable deduction: The amount of your charitable deduction is the mean price between the high and the low price of your stock on the day your shares transfer.
Questions? Contact Sam Harsh, Major Gifts Officer, 330-253-5400 x1120 or sharsh@rmhneo.org
Legal Name
Bequests and other forms of planned / estate gifts should be designated to: Ronald McDonald House Northeast Ohio, Inc.
The information that you or your broker may need includes
Legal Address
10415 Euclid Avenue, Cleveland, OH 44106
Intended Use of Gift
Please indicate whether the gift is intended for general purposes and uses, for a specific program, or to be added to our endowment. Please contact us in advance if there is a specific or restricted use for the gift to make sure that we can fully honor the donor’s wishes.
Sample Bequest Language
“I give, devise and bequeath to Ronald McDonald House® Northeast Ohio, Inc., or its successor in interest, (Tax ID #34-1269123), whose legal address is currently 10415 Euclid Ave. Cleveland, OH 44106, the sum of $_________ (or describe the percentage of estate or specific asset/type of property you wish to give), for its unrestricted and general purposes (or for a designated purpose of your choice).”
Tax Identification Number: 34-1269123
To be certain that the group receives the gift, you should state your intention in your will. Without a will, you lose control over your belongings after your death. Your property and finances are settled according to state laws, whether they coincide with family wishes. Make sure when specifying a gift in your will that you use the official name of the organization. For example, though many people know what “Cleveland’s Ronald McDonald House” or “Akron’s Ronald McDonald House” is, the registered name of the charity is now “Ronald McDonald House Northeast Ohio, Inc.”
An estate is simply a word used to describe any property, money or personal belongings that you may have at the time of your death. Most people leave an estate when they die, even though they may not have a great deal of wealth. Anyone can arrange to leave a charitable gift from their estate when they pass away.
When contemplating a planned gift, working with an experienced professional can ensure that you receive maximum tax benefits while fulfilling your philanthropic wishes. If you are already working with a professional financial planner, lawyer, accountant or insurance agent, discuss with them your intentions to leave a charitable gift. Most can either help you directly or refer you to someone with experience in estate planning and/or charitable giving. If you do not have a relationship with a professional, please contact our office and we can provide some organizations for you to contact.
A gift is a wonderful way to recognize someone who has made a difference in your life or to thank an organization or person that helped you or your family. You may also want to give to a specific cause such as research or to a new building or program. This kind of memorial/honorarium gift can be arranged in your will, the same way that you would leave a personal gift from your estate. Just make sure that the language clearly states that the gift is given in memory or in honor of a particular person or for a specific use. If you would like to talk through current options for restricted gifts, please call Aristea Tzouloufis at 330-253-5400 x1109.
This is up to you. Nonprofit organizations often like to know in advance so they can recognize your generosity. They also can help you direct your gift to a specific program that fits your intentions. Ultimately, it is entirely up to you as to whether or not you let the charity know of your decision to leave a gift.
Sam Harsh, Major Gifts Officer, 330-253-5400 x1120 or sharsh@rmhneo.org