Senior Center Endowment Fund
The Friends of Albany Area Seniors, Inc. is a non-profit 501(c) (3) charitable organization whose mission is to support and promote Albany Senior Center activities and services in the community.
What is the Endowment Fund and how does it operate?
It is a fund whose contributions are all tax deductible. Proceeds
from the fund are used solely for the operation of the Albany Senior Center.
It is managed by a citizen board who oversee the collection of principle
and the disbursement of interest.
Why do we need one?
In the past, city residents have provided much of our financial stability.
Now the roles of local and state government are being reevaluated. Priorities
are shifting. The Endowment Fund is our key to keeping the doors open
to the future.
What do my dollars fund?
Your dollars fund solely the activities and services offered at the Albany
Senior Center.
What benefits do I receive for contributing?
You receive financial benefits for contributing to the Endowment Fund
dependent upon the way you choose to give in the following forms:
- Real Property (Real Estate): You receive a tax deduction and Tax avoidance on gain.
- Personal Property: Tax deduction for item donated and tax avoidance on gain.
- Cash: Tax deduction for contribution.
- Life Estate in your Home or Farm: You continue to use your property but receive tax avoidance on gain.
- Stocks & Bonds: You receive an immediate tax deduction.
- Bequests: Your estate can receive a deduction for charitable contributions lowering Estate tax.
- Lead Trust: Allows property to be passed to others with reduced transfer taxes.
- Life Insurance Policies: Current deduction for your policy and possible future deductions.
How do I get involved?
Only you know your personal situation and financial needs. We would
be happy to meet with you to discuss any additional questions you might
have or to help determine the best way for you to become involved. Call
now to set up a no-obligation personal, informational session - 541/917-7760.
