An annual gift supports the continuing efforts of The Entomological Foundation. Cash gifts are deductible on your income tax return for the year in which the contribution is made (or from estate an inheritance taxes if bequeathed by will). You can deduct the amount of cash gifts up to 50% of your adjusted gross income. If you give more than the maximum allowed for one year, you can deduct the excess during the next 5 years.
Gift of appreciated property, such as real estate and securities, can provide especially attractive tax benefits. Many funding partners choose to make gifts in the form of common stock or other securities, such as bonds of mutual funds that have appreciated in value. In such cases, the capital gains tax on long-term holdings can be eliminated and you can claim full market value of the securities as a deduction, up to a maximum of 30% of your adjusted gross income, in the year of the gift. If you give more than the maximum allowed deductible for one year, you can deduct the excess over the next 5 years. You may attain a tax benefit for your estate if you prefer to donate the appreciated property by will.
Including The Entomological Foundation in your will helps to guarantee the future of our work. Bequests, by gifts or will, large or small, are exceptional ways to perpetuate your interest in entomology. Your gift, whether in cash, securities, or other property may be fully deducted in figuring estate and inheritance taxes. Consult with your professional advisor to determine the most advantageous ways for you to support your interest in entomology through The Entomological Foundation. (Top)
Life-income gifts allow you to assign cash securities or other assets to a trustee. Those assets are invested to pay income to you, to succeeding beneficiaries, or to whomever you designate. The payments can continue for a lifetime or a fixed number of years. Upon the death of the last surviving beneficiary or the expiration of the assigned term, the assets trust will go to The Entomological Foundation to be used as directed by you. A life-income gifts allows you substantial charitable deduction against taxable income in the year that you wish to make the gift. Assets placed in trust are removed from your estate. (Top)
Life insurance is another favored means of making your contribution and can be an effective method of minimizing your income taxes. You may name The Entomological Foundation as beneficiary on a life insurance policy, and if you itemize your deductions the premiums you pay are tax deductible. The Entomological Foundation receives 100% of the proceeds from this gift, undiminished by federal income and estate taxes, probate and administrative costs, brokerage fees, and other transfers. (Top)
Your employer may "match" your gift to us if they have a Matching Gift program. A matching gift will help The Entomological Foundation come closer to accomplishing its mission of enhancing human, animal, and plant well-being by creating safe ways to manage insect pests, maintaining biodiversity, and promoting new scientific knowledge through entomological research and education. (Top)
Memorial
and Honorary Gifts
You can make a gift
commemorating a friend, family member, or loved one. The gift will be
designated by you for which a special memorial will be set aside
according to your wish. For example, you can establish a Named Fund.
The Jeffery P. LaFage Graduate Student Research Award was established as
a tribute to the late Dr. LaFage. Dr. LaFage was a Professor of Urban
Entomology at Louisiana State University in Baton Rouge and specialized
in the study of the biology and control of termites. The Jeffery P. LaFage
Graduate Student Research encourages research by graduate students in the field of the
biology and control of termites and other insect pests of the urban
environment. (Top)
2003 Tribute and Memorial
Gifts
Retained
Life Estates
You can deed to The Entomological Foundation a personal residence or farm and retain the full rights to the property until you wish to transfer it completely. An immediate income tax deduction and a federal estate tax deduction are allowed for this type of gift. (Top)
The Entomological Foundation is a scientific/educational organization under Sections 501 (c) (3) and 509 (a) (2) of the Internal Revenue Code. Contributions to the Foundation are tax deductible to the full extent provided by law.