Ways to Give
How do I Designate Where My Donation Goes?
Many donors allow us to use their gift where it is most needed. However, you may also designate the park, program or building you would like to benefit.
- Memorial Park Bench Program
- Memorial Tree Program
- Scholarship Assistance Program
- Parks Sustaining Pledge
- Dog Park
- Cemetery Fund
- Theatre Fund
- Your Neighborhood Park / Project
Can I Honor or Memorialize a Loved One Through a Parks Donation?
A charitable gift is a wonderful way to honor someone who has made a difference in your life. Some of the most common charitable gifts given in memory are naming a park bench for the person or giving to a program that they were fond of.
Leaving a Legacy
Planned giving allows you to use your assets to make a difference beyond your lifetime. There are many different options. Call us or email us to assist you in choosing the best option for you and your family.
Who Can Help Me Arrange for a Gift?
If you are working with a professional financial planner, accountant, attorney, or insurance agent, talk with them about what you want to do. They can tell you about the tax benefits of your gift.
What's My 1st Step?
Think about what is important to you. Perhaps your children have grown up playing sports in the Liberty Parks and Recreation Department. You've been involved in classes and activities that have made your life better, or have a park or trail that you love. You might be an active volunteer. You may be a strong supporter of the quality of life in our community. Then, call your advisor.
Do I Tell the Foundation About My Plans?
That is entirely up to you. Of course, we would like to know in advance, so we may recognize you for your generosity. Download a Donor Form (PDF). You may also make a charitable contribution online. All donations are tax deductible and help sustain the Liberty Parks and Recreation Department.
What Types of Gifts May I Make?
- Appreciated Assets - Gifts of appreciated property, such as real estate or shares of corporate stock, allow you to make a substantial contribution and also gain important tax advantages. If you owned the property at least one year, you incur no capital gain on the transfer and can claim a market value income tax charitable deduction in the year of the gift with a 5-year carryover for any excess.
- Bequest - A bequest in a will or living trust may allow you to make a more substantial gift than could be managed during your lifetime. You can name Liberty Parks and Recreation Charitable Fund to receive a specific sum, a specific asset, a percentage of the residue of the estate, or as the contingent beneficiary of the estate.
- Cash - Gifts of cash can be in the form of currency, checks and/or money orders. Please make your check or money order payable to Liberty Parks and Recreation Charitable Fund. You may get a donor form (PDF) to submit your donation to the LPRCF.
- Charitable Remainder Trust - A Charitable Remainder Trust (CRT) is a separate trust with a trustee of the donor's choosing. The trustee can be the donor, a bank, or a charitable organization. Properly structured and managed, a CRT can provide an immediate partial income tax deduction, a lifetime source of income to the donor and his or her spouse, and, at the end of the trust, a substantial gift to the Liberty Parks and Recreation Charitable Fund.
- Life Insurance - Life Insurance Policies that have "outlived" the purpose for which they were purchased may be gifted to Liberty Parks and Recreation Charitable Fund. By doing so, you can claim an income tax charitable deduction for the policy's cost basis or an amount roughly equal to the cash surrender value whichever is less. Another gift option using life insurance is to have Liberty Parks and Recreation Charitable Fund purchase a new policy that insures your life or yours and your spouse’s lives. Your gifts of cash or appreciated property would cover premiums and are tax deductible.
- Retirement Plan Assets - Retirement Plan Assets naming Liberty Parks and Recreation Charitable Fund as a designated beneficiary on the plan documents allows all or a portion of your remaining plan assets to be distributed to Liberty Parks and Recreation Charitable Fund completely free of estate tax and beneficiary income tax.