Children and FAMILIES experiencing homelessness need your help now

 Family Promise is a tax-exempt 501(c)(3) nonprofit organization. Your gift is tax-deductible as allowed by law.

Planned Giving Through Your Estate

Planned giving is an effective and mutually beneficial way to make a gift to Family Promise. Your planned gift supports us in our mission to help families facing homelessness while allowing you to enjoy the potential benefits of capital gains tax savings, increased income, and income-tax savings. Most importantly, a planned gift maximizes your giving power while providing for your future financial security and that of your loved ones. 

Bequests and Other Planned Giving Contributions

Today’s dreamers build the foundation for tomorrow’s dreams. It’s easy to provide for your own family today while helping families in need build a brighter tomorrow by including Family Promise in your estate plan. 

Charitable Remainder Trusts

A charitable remainder trust may be designed to provide you with income throughout your lifetime as well as support to Family Promise upon your death. The trust may be established with a gift of cash or appreciated stock. A trust can be structured in one of two ways – either as an annuity trust or unitrust. The important difference between the two options involves the way distributions are handled.

Charitable Lead Trusts

Charitable lead trusts provide income to your designated charity for a set period of time. At the end of the gift period, the property you placed in the trust either returns to you, or is passed on to named individuals.

For more information on planned giving, see your financial advisor or use this tool to take the next step in planning your future

Give Stock

Donating stocks allows you to avoid capital gains tax and often take a charitable deduction for the full value of the asset. Use this tool to donate stock so we can track your gift, send you the correct receipt, and ensure you can get the tax savings you deserve. If you would prefer to make your donation through your broker, access our transfer information below to notify Family Promise of your gift. .

Transfer stock to Family Promise

Please provide your broker with the following information:

DTC # 0057 (Edward Jones)
Acct #: 31333400-1-2
Name on Account – FAMILY PROMISE

Please be sure your name and address is provided so we may acknowledge your gift and provide you with a tax receipt.

Other information
Family Promise’s Federal Tax ID #: 52-1591461
Edward Jones’ Phone: 480-337-8892

Should you have any questions, please contact us.

Matching Gifts Through Your Employer

Many companies have programs that will match donations made by employees. Check if your company will match your donation and double your impact!

Matching Gift and Volunteer Grant information provided by
Powered by Double the Donation

Become a Member of our Loyalty Circle

Family Promise’s Loyalty Circle recognizes individuals who have contributed $1,000 or more to Family Promise for three consecutive years, including the current calendar year.

Members are a community of loyal donors sharing their concern for families experiencing homelessness through a long-term commitment of generous support.

For more information on joining The Loyalty Circle, please contact us

Donor-Advised Funds or Bank Transfers

Donor-Advised Funds (DAFs) are investment accounts for the sole purpose of supporting charitable organizations today. This tool automatically links with your DAF, allows you to recommend how you’d like your gift to be used and notifies Family Promise  of your intentions.  Using the link below to grant from your DAF also saves us a lot of time, so thank you! It’s a great way to ensure consistent financial support while saving cash for immediate needs. Give from my DAF.

Frequently Asked Questions

Donor-advised funds (DAFs) are the fastest growing form of philanthropy today because they’re easy and flexible.

HOW DOES A DAF WORK?

Think of a donor-advised fund as a personal charitable savings account. You create a DAF and contribute to it with cash, stock, or other assets like artwork or real estate. You don’t have to name a specific recipient charity right away, and you might even be eligible to take an immediate tax deduction for your contribution.

Your DAF is controlled by a nonprofit “sponsoring organization” (such as a community foundation or the nonprofit arm of a financial services firm). The sponsor invests and manages your account, and you recommend what nonprofit(s) you’d like to support.

THREE CATEGORIES OF DAFS

  • Commercial funds: Managed by the nonprofit side of an investment company
    Benefits: low investment fees, easy to use
  • Community foundations: Originators of the DAF concept
    Benefits: familiar with area nonprofits, offer philanthropic counseling and can help you navigate the process
  • Single-issue funds: Sponsoring organizations that encourage giving to a single cause or organization, like universities
    benefits: easy way to donate if you have one specific charity in mind

WHOSE MONEY IS IT, ANYWAY?

Once you’ve created a DAF, the account belongs to the sponsoring organization in perpetuity. You can advise how to make gifts, but they’re not legally obligated to follow your advice. That said, sponsors almost always abide by a donor’s wishes (as long as the recipient is a qualifying tax-exempt organization).

I HAVE A PRIVATE FOUNDATION. CAN I USE IT TO FUND A DAF?

Yes!

ARE DAF GIFTS ANONYMOUS?

It’s up to you. Be aware that some DAF gifts don’t include the donor’s name or contact info by default, which can make it difficult for charities to identify and acknowledge your generosity. But you can ask your sponsor to clearly indicate the donation is coming from a DAF and include your contact information when a gift is made.

CAN I PASS MY DAF ON TO MY HEIRS?

Probably. Sponsors have their own guidelines, so if this is something you’re interested in, speak with a few different organizations to learn what your options are.

IF MY DAF ISN’T PASSED ON TO A SUCCESSOR, WHAT HAPPENS TO IT?

When creating your DAF, your sponsor will recommend you name any successors and/or select which charities you’d like to receive the remainder of your fund after your passing.

There are no tax rules about the amount of time money can sit in a DAF. However, many sponsors mandate regular giving. For example, you might be required to donate at least $50 every three years, and if your account is inactive for, say, five years, it could be liquidated and moved to another philanthropic fund. Typically, donors make six to seven gifts annually from a DAF.


OTHER BENEFITS:

GROW YOUR DONATIONS.

Similar to a 401(k) plan, you can invest your DAF. Your sponsor can advise you on your options.

SIMPLIFY YOUR CHARITABLE GIVING.

Rather than writing multiple checks to various charities throughout the year – and keeping track of the associated paperwork – the DAF handles that for you. Sponsoring organizations perform due diligence to ensure charities are eligible and reputable. And they’ll track your donations throughout the year and provide a single tax document.

MINIMIZE YOUR TAX BURDEN, MAXIMIZE YOUR DONATION.

DAFs accept donations of appreciated securities (held for more than one year) at fair market value. If you sold the securities on your own in order to make a donation, you’d have to pay capital gains tax. Not with a DAF!

ALSO WORTH NOTING…

A minimum donation level, which can range anywhere from $5,000 to $25,000 or more, is required to establish a DAF. You’ll also pay minimal administrative and investment fees. And gifts usually have a minimum amount, though it may be as little as $50. Inquire about these features when shopping for a sponsoring organization.

Donate Cryptocurrency

We now accept donations of Ethereum, Bitcoin, and other cryptocurrencies! This gives us one more way to fund our work and can provide you with extra tax benefits. Give Cryptocurrency.

Mail Your Gift

Download this printable Donation Form to include with your check and mail to:

Family Promise
71 Summit Ave.
Summit, NJ 07901