Carpenter Place is a 501(c)(3) organization which operates from the generous donations of individuals and churches. Gifts of all kinds are welcome. In addition to cash gifts which are used to meet our current and long-term needs, other forms of donations include property, stock, estates and trusts. Our staff would be happy to visit with you to explain the variety of forms of donations available, as well as possible tax consequences of each form. However, we encourage you to visit with your tax advisor as to the specifics of your tax situation.
Cash Donations – Cash donations may be made with or without stipulations as to purpose of use by Carpenter Place.
Gifts in Kind – This is a type of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. This category may include second-hand items, such as furniture, that you no longer need but which can benefit the girls at Carpenter Place. This may also include surplus items from a company, such as office or school supplies. One advantage of Gifts in Kind is that it is environmentally friendly since the items do not end up in a landfill.
Real Estate – Giving real estate, whether a personal home, a business property or undeveloped land, can provide a tax benefit to you while providing financial support to Carpenter Place.
Appreciated Stock – By donating appreciated stock which you have owned for at least one year, you may obtain a tax benefit and provide financial support to Carpenter Place.
Long-Term Giving Plans, including trusts and estates – Planned giving takes one of two forms: A legacy, which is a charitable gift provided for in a person’s will (a bequest or devise), which typically comes out of their estate. It may also be a gift made during the donor’s lifetime. This is a charitable gift in which the donor receives a tax benefit at the time of the gift, and usually also still obtains some type of other benefit associated with the donated property. These gifts are usually established with a contract that ends after a fixed period or upon the death of the donor or some other person. Long-term giving plans, including trusts and estates must be established with the help of your tax accountant and/or attorney.
