Ways to Give to the Foundation
While cash donations to The Eye Cancer Foundation are always welcome, there are many other ways that you can support our efforts. Supporting the great work of The Eye Cancer Foundation might be easier than you thought. Here is a list of additional options for giving:
Legacy Gifts
Often referred to as Planned Giving, this is a way for you to arrange now for financial support of ECF beyond your life span. We encourage you to consult with your financial advisor, an attorney, and your family when
considering these gifts. When making long-range financial plans and writing your will, please think of us and arrange for gifts to be made to The Eye Cancer Foundation. It is also important, for legal purposes, to use the following language when referring to us:
considering these gifts. When making long-range financial plans and writing your will, please think of us and arrange for gifts to be made to The Eye Cancer Foundation. It is also important, for legal purposes, to use the following language when referring to us:
The Eye Cancer Foundation, Inc.
A 501(c)(3) nonprofit organization, EIN#13-4015076
Located at 115 East 61st Street, Suite 5B, New York, NY 10065
A 501(c)(3) nonprofit organization, EIN#13-4015076
Located at 115 East 61st Street, Suite 5B, New York, NY 10065
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Wills & Bequests: The Eye Cancer Foundation accepts gifts of cash, property, securities, etc. that are bequests or designated gifts. These gifts may be outright, residual, or contingent. |
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Life Insurance: Consider making The Eye Cancer Foundation a beneficiary of your life insurance policy. |
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Trust and Annuities: Charitable Remainder Trust The Eye Cancer Foundation accepts designation as remainder beneficiary of a charitable remainder trust. |
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Join the Legacy Society: The legacy society is a membership association for people who have told us they will leave a gift to our foundation in their will. |
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Other Ways to Give
Publicly Traded & Closely Held Securities:
Securities (Publicly Traded and Closely Held): if you have publicly traded securities (stocks, mutual funds, Treasury bills and notes, corporate and municipal bonds, etc.), have held them for a year or more and they have appreciated in value, you can get yourself a double tax break and help the Eye Cancer Foundation at the same time! The Eye Cancer Foundation accepts gifts of securities whether they have appreciated or depreciated. Check with your broker or financial advisor, but the consensus is that for most people it makes more sense for depreciated stocks to be sold, to be declared as a loss for tax purposes, and to donate the proceeds of the sale to ECF. But for appreciated stock held for one year or more there is an incredible advantage to giving shares of securities directly to ECF.
Donating appreciated securities to The Eye Cancer Foundation gives you two tax advantages:
Securities (Publicly Traded and Closely Held): if you have publicly traded securities (stocks, mutual funds, Treasury bills and notes, corporate and municipal bonds, etc.), have held them for a year or more and they have appreciated in value, you can get yourself a double tax break and help the Eye Cancer Foundation at the same time! The Eye Cancer Foundation accepts gifts of securities whether they have appreciated or depreciated. Check with your broker or financial advisor, but the consensus is that for most people it makes more sense for depreciated stocks to be sold, to be declared as a loss for tax purposes, and to donate the proceeds of the sale to ECF. But for appreciated stock held for one year or more there is an incredible advantage to giving shares of securities directly to ECF.
Donating appreciated securities to The Eye Cancer Foundation gives you two tax advantages:
- You will not have to pay any capital gains tax on the appreciated stock, and
- You will receive a charitable tax deduction the full fair-market-value of the stock at the time of the gift.
Here is the information your broker will need to transfer your donated securities
(apart from open-ended mutual funds) to The Eye Cancer Foundation:
DTC: 0013
Broker: Sanford C. Bernstein
Account: The Eye Cancer Foundation, Inc.
Account #: 03614828
Donor Name: [your name]
Attention: Thomas Rosenthal, 212-823-3655
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Retirement Plan Beneficiary Designations: Donors and supporters of The Eye Cancer Foundation are encouraged to name The Eye Cancer Foundation as beneficiary of their retirement plans. |
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IRA Charitable Rollovers:
If you are 70 ½ years old or older, you can donate to the Eye Cancer Foundation up to $100,000 a year directly from your IRA and not have to pay income tax on whatever amount you have withdrawn to make your donation. Ordinarily, any withdrawal from a traditional IRA is considered income and is subject to income tax. But, as of December 18, 2015, and amended in 2020, the IRA Charitable Rollover Act was passed by Congress and signed into permanent law by the President, changing the rules for those 70 ½ and older.
There is an even greater incentive for those who are 72 years of age and older because these individuals can use their gift to satisfy all or part of their Required Minimum Distribution (RMD), by transferring up to $100,000 annually from their IRA accounts directly to a charity without first having to recognize the distribution as income.
Donors must have their donation transferred to The Eye Cancer Foundation by the fund administrator of the IRA account. This is the only way for the donor to avoid having the amount of the withdrawal become personal income subject to federal income tax. IRA Charitable Rollover contributions, while saving the donor from federal income tax on the amount donated, are not eligible for IRS charitable deduction.
For some individuals, the added tax liability of a Required Minimum Distribution could be substantial enough to make the charitable rollover a very good alternative. Of course, donations from an IRA are welcomed at any time, with or without an RMD incentive.
If you are 70 ½ years old or older, you can donate to the Eye Cancer Foundation up to $100,000 a year directly from your IRA and not have to pay income tax on whatever amount you have withdrawn to make your donation. Ordinarily, any withdrawal from a traditional IRA is considered income and is subject to income tax. But, as of December 18, 2015, and amended in 2020, the IRA Charitable Rollover Act was passed by Congress and signed into permanent law by the President, changing the rules for those 70 ½ and older.
There is an even greater incentive for those who are 72 years of age and older because these individuals can use their gift to satisfy all or part of their Required Minimum Distribution (RMD), by transferring up to $100,000 annually from their IRA accounts directly to a charity without first having to recognize the distribution as income.
Donors must have their donation transferred to The Eye Cancer Foundation by the fund administrator of the IRA account. This is the only way for the donor to avoid having the amount of the withdrawal become personal income subject to federal income tax. IRA Charitable Rollover contributions, while saving the donor from federal income tax on the amount donated, are not eligible for IRS charitable deduction.
For some individuals, the added tax liability of a Required Minimum Distribution could be substantial enough to make the charitable rollover a very good alternative. Of course, donations from an IRA are welcomed at any time, with or without an RMD incentive.
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Real Estate: You can donate personal property real estate to the foundation. A direct gift is the simplest method of donating real estate. The deed or title is transferred from the donor to the charity. As the donor, you generally receive a tax deduction equal to the fair market value of the property and that deduction may be carried forward for five years. You also avoid paying the capital gains tax that would otherwise accrue because of the sale of the property. |
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Other Personal Tangible Property: Tangible personal property includes all property other than structural buildings and land. The Eye Cancer Foundation accepts items such as art, stamps, coins, libraries, other collections, jewelry, and so forth. Please contact the Foundation for further information concerning professional appraisals and acceptability of particular gifts. |
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Professional Services: Gifts of necessary professional services are accepted by The Eye Cancer Foundation. The value of these services are given an assigned dollar amount, at market rate, determined by the donor. |
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Workplace Matching Gifts: The Eye Cancer Foundation encourages individuals to enhance their gifts by taking advantage of matching gift opportunities offered by their employers. ECF honors each organization’s matching gift policies while optimizing matching opportunities as fully as possible. |
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Donor-Advised Funds:
The Eye Cancer Foundation will accept gifts from donor-advised funds. Gifts from a donor-advised fund may be recorded and recognized as coming from the donor at the time funds are transferred to The Eye Cancer Foundation, providing the fund manager has not been advised that the gift is anonymous. |
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Royalties: The Eye Cancer Foundation accepts gifts of designation as the owner of a royalty. A royalty is a legally binding payment made to an individual or company for the ongoing use of their assets, including franchises, copyrighted works, and other intellectual property. An example of royalties would be payments received by musicians when their original songs are played on the radio or television, used in movies, performed at concerts, bars, and restaurants, or consumed via streaming services. |
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Self-planned Fundraisers: Another way to give to ECF is to plan your own fundraiser. Any kind of admission- or donation-based event (dinner, cake sale, garage sale, concert, etc.) that designates The Eye Cancer Foundation as the beneficiary of the proceeds is acceptable. |
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Memorial, Honorary and “On Behalf Of” gifts: Memorial and honorary gifts are encouraged by The Eye Cancer Foundation as generous and thoughtful ways to recognize people’s lives and accomplishments. The Eye Cancer Foundation will notify the honoree or family of someone memorialized that a donation has been made in their name, unless otherwise stated. |
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Facebook Birthday Campaigns:
Facebook users have probably noticed that individuals create Birthday Fundraisers, naming a nonprofit, setting a goal, and sharing their enthusiasm for the cause. If you would like to do this for The Eye Cancer Foundation, just open your Facebook page, go to Help Center and click on Creating a Fundraiser. Just follow the directions and 100% of the money you raise will be sent to The Eye Cancer Foundation.
Whatever way you choose to give, we thank you for your generosity to The Eye Cancer Foundation.
