OTHER WAYS TO MAKE A DIFFERENCE
DONATE BY CHECK
Please send your donation made out to “Heart of the City” to:
Heart of the City
PO Box 356
Waukegan, IL 60079
DONOR ADVISED FUNDS
A Donor Advised Fund is an account that may be established directly with a sponsoring non-profit organization, community foundation, or financial institution. Contributions into the fund are tax deductible. You can recommend how much (and how often) you want to distribute money from that fund to Heart of the City or other charities.
We are grateful for all donations from donor advised funds and will work with you to make the giving process simple and efficient.
How it works:
- Contact your financial advisor, or specific donor advised fund representative for specific advice about how to establish a DAF.
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
- Advise the investment allocation of the donated assets (any investment growth is tax-free).
- Recommend grants to qualified public charities of your choice
Donor-advised funds provide a number of benefits that direct donations to a charity may not, including:
- Simplicity – The DAF sponsor handles all record keeping, disbursements, and tax receipts.
- Flexibility – Timing of your tax deduction can be separate from your charitable decision-making.
- Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
- Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy.
If you have any questions about donating from your DAF, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4.
EMPLOYEE MATCHING GIFTS
Your personal donation to Heart of the City can be significantly increased by exploring matching gift options from your employer! More than 26 million people work for companies with employee matching gift programs. Some companies will also match gifts made by retirees, spouses, and/or board members. Most participating companies will match employee gifts dollar for dollar. Some will even double or triple the value of your gift. Please check with your employer’s HR department to see if they match donations to public charities.
If you have any questions about matching your personal gift to Heart of the City from your employer, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4
GIFTS OF STOCK
Donating securities held long term (more than one year) continues to be an effective way to give. You may donate publicly traded securities to Heart of the City and avoid capital gains taxes. You may save substantially more in taxes by giving securities as opposed to cash. If you have owned the securities for more than one year, you may qualify for a charitable income tax deduction equal to the value of the securities on the date they are given. Gifts of appreciated securities are deductible for an amount equal to 30% of your adjusted gross income in the year you make the gift. Any excess balance may be deducted over the next five years.
If you would like to make a gift of stock or other securities, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4.
IRA ROLLOVER
You may make an IRA Rollover gift for immediate impact.
Here is how it works:
- Individuals who are 70½ or older may transfer up to $100,000 a year directly from their traditional or Roth IRA to a qualified charity, such as Heart of the City. The amount of the transfer will not be included in your taxable income, and the transferred amount can count toward your required minimum distribution. (The gift cannot, however, be claimed as an income tax deduction.)
- The process for making a gift from your IRA is straightforward; however, it is important to exercise care to ensure that your transaction is completed correctly. For example, the funds must be transferred directly from your IRA administrator to Heart of the City to avoid taxation.
To accomplish your rollover gift seamlessly, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4.
WIRE TRANSFER
If you would like to make a gift by wire transfer, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4.
IN-KIND DONATIONS
You can help us ensure that the majority of our funding goes directly back to our student athletes, ensuring they have accessible soccer and youth development opportunities. Check out our in-kind donation list.
If you would like to make an in-kind donation, please email Rena Lee at rena@heartofthecitysports.org or call (847) 623-6200 ext. 4.
OUR INFORMATION
EIN: 36-4780812
Mailing Address
PO Box 356
Waukegan, IL 60079
Contact Information
(847) 623-6200