- About Us
- You Can Help
- Need Help?
- Contact Us
After living at Rainbow Center cottages, she has hope for a future again- maybe even college!
Barium Springs has a strong tradition of excellence in the care and well being of children. This legacy is reflected through the generosity of donors who assist us in confronting the opportunities of the future. We are optimistic that we will continue to prepare our children to regain a sense of dignity and purpose, with a strong sense of belonging and a hope for the future. That is why Barium Springs seeks your support to lead the way in planning for tomorrow.
In planning your estate, remember that valuable collections, works of art and other tangible personal property may be subject to estate taxes. By donating such items during your lifetime rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift. For a gift of tangible property, you are entitled to an income tax charitable deduction amounting to the property's full, market value. If the property cannot be used directly by Barium Springs, your tax deduction is the lesser of the property's original cost or the fair-market value.
Almost any kind of real estate can make a valuable gift to Barium Springs; a primary residence, a vacation home, farm, commercial building or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life. As with gifts of appreciated stocks, bonds, mutual funds and personal property, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate, and you avoid estate taxes on the appreciated asset.
You may wish to make a substantial gift to Barium Springs but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift while retaining an income for your lifetime. The benefits to you—the donor—vary, but all these arrangements have the following attractive features:
Barium Springs has been the recipient of bequests, both large and small, from friends and alumni. These donors wanted to leave a lasting legacy and associate themselves forever with Barium Springs. These bequests, no matter how modest, have been welcome and are important. To make an unrestricted gift, you may wish to consider using the following language:
"I give, devise, and bequeath unto Barium Springs: all of my residuary estate; or a portion of my residuary estate equal to __________% thereof; or the following described property ______________: or the sum of __________________."
The value of a bequest to Barium Springs is deductible for estate tax purposes, and there is no limit on the amount of the deduction. All gifts should be made to Barium Springs and are tax-deductible in accordance with the Internal Revenue Code.
As with all planned giving opportunities, Barium Springs encourages donors to talk with a qualified accountant to review the giving benefits.