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Home › Foundation › How to Give

How to Give

Gift Types
Capital Campaigns
Planned Giving
Gift Vehicles

Gift Types

There are a variety of ways to make a gift to the Homewood Foundation

  • Cash, Check, or Credit Card
  • Electronic Funds Transfer (ETF): Pre-authorized transfers directly from your checking/savings account can be scheduled for a one-time transfer or a recurring transfer. Please contact the foundation to set up this type of gift.
  • Pledges: This method of gift enables you to give a larger investment with payments spread out over a period of months or years. Typically, reminder notices are sent as pledge payments are due. Pledge payments are tax-deductible as they are made.
  • Planned Gift: Can create income, reduce taxes, and allow a major gift through a bequest or other planned vehicle.
  • Stock Gift: Gifts of stock can support the Foundation and eliminate your capital gains tax burden.
  • Matching Gifts: Many businesses match employee giving, doubling the impact for Homewood.
  • In-Kind Gifts: Non-cash donations such as cars, approved equipment, and other physical items can be very useful to the Homewood Community. Before making an in-kind donation, please contact the Homewood Foundation to confirm there is a location for storage or if arrangements for sale can be made.
  • IRA Required Minimum Distribution: Gifting your RMD from your IRA will help you avoid all income tax requirements on the gifted funds.

You can also support the Homewood Foundation by shopping through Amazon Smiles.

Homewood Foundation AmazonSmile

We have also partnered with GoodSearch. Just sign up and select Homewood Foundation to be your charity of choice then use GoodSearch for your search engine. That’s it!

Capital Campaigns

Homewood is constantly updating and improving our facilities to benefit our residents. The foundation takes on Capital Campaigns to help offset the expenses necessary to makes these improvements. Here is a look at what is going on right now at our campuses!

The Wellness Center Renovation Capital Campaign

Homewood Foundation is proud to partner with donors to fund an exciting Wellness Center Renovation Project. With a goal of raising $500,000 to $750,000, the campaign will see to the renovation of the aquatic center, locker rooms, and fitness and exercise areas. Plans also call for the addition of a new medical services area, which will allow for physicians and specialists to use our campus as a satellite office. This project will provide value to the Homewood resident family as well as the Martinsburg community, especially area seniors who are currently traveling to Altoona and other locales for services that will eventually be available right in Martinsburg within our renovated Wellness Center.

Wellness Center Renovation Project Design Plan

Frederick Dog Park

Dog Park on Frederick Campus Project - Dog in a dog parkPhilanthropy is bringing an exciting enhancement to Homewood at Frederick as donors are funding a new Dog Park on campus, with a goal to raise $20,000. This dog park will provide a safe area for dogs to run and play with their four legged friends. Pet ownership is on the rise with seniors and this will be a welcomed addition to our community.

Planned Giving

Plant growing from quarters held in hands

Types of planned gifts include bequests, charitable gift annuities, trust, gifts of life insurance, or other options.

Homewood philanthropists are using planned giving strategies within their estate plans to:

  • Enhance deduction portfolio
  • Decrease taxable income
  • Increase tax-free income
  • Reduce or eliminate capital gains taxes
  • Benefit heirs
  • Make an impact on the Homewood family

Your planned gift allows us to help continue our mission to support benevolent care, special projects, and capital campaigns.

To learn more about your planned giving options, please contact the Homewood Foundation at 1-800-559-2273 or foundation@hmwd.org.

Gift Vehicles

BEQUEST - A charitable bequest can help reduce your taxable estate.  Consider using the following language to benefit Homewood within your will:

  • Specific Dollar Amount or Property

“I, [name], of [city, state, zip], give, devise and bequeath to HomewoodFoundation, Inc., 16107 Elliott Parkway, Williamsport, MD 21795, [amount] for the [Fund].”

  • Percentage of Estate

“I, [name], of [city, state, zip], give, devise and bequeath to HomewoodFoundation, Inc., 16107 Elliott Parkway, Williamsport, MD 21795,[percentage] of my estate for the [Fund].”

  • Percentage of Estate

“I, [name], of [city, state, zip], give, devise and bequeath to HomewoodFoundation, Inc., 16107 Elliott Parkway, Williamsport, MD 21795,[percentage] of my estate for the [Fund].”

  • Percentage of Estate

“I, [name], of [city, state, zip], give, devise and bequeath to HomewoodFoundation, Inc., 16107 Elliott Parkway, Williamsport, MD 21795,[percentage] of my estate for the [Fund].”

  • Residuary

“I, [name], of [city, state, zip], give, devise and bequeath to Homewood Foundation, Inc., 16107 Elliott Parkway, Williamsport, MD 21795, all of the residue or remainder of my estate for the [Fund].”

Beneficiary Designation Language Form

IRA REQUIRED MINIMUM DISTRIBUTION (RMD) GIFTING – In 2015 Congress made this gift vehicle permanent.  

  • Donors age 70 ½ or better can make a direct gift of up to $100,000 from your IRA to Homewood.
  • Donors will pay no income tax on the amount gifted.
  • Homewood can be made beneficiary of an IRA, thereby eliminating both estate taxes and income taxes at the time a donor passes away.
  • IRA Gifting Letter

CHARITABLE GIFT ANNUITY (CGA) – A CGA is an agreement whereby a donor makes a gift to the Homewood Foundation and in turn Homewood Foundation agrees to pay the donor an income for life. 

  • Rates as high as 9.5 percent
  • No maximum gift amount
  • Income continues uninterrupted for 1 or 2 lives (does not go through probate should a spouse pass away)
  • Significant portion of the income is tax free
  • Receive an immediate charitable deduction
  • Can be funded using cash, stock, and/or real estate
  • Reduce capital gain taxes when using appreciated assets

CHARITABLE REMAINDER TRUST (CRT) – A CRT allows for donors to receive income or disperse income for beneficiaries for a specific period of time and then donate the remainder of the trust to Homewood.

  • Provide for multiple beneficiaries
  • Receive an immediate charitable deduction
  • Eliminate capital gains when funded with appreciated assets
  • Donate the remainder to multiple charities

RETAINED LIFE ESTATE – With this gift vehicle, a donor can transfer ownership of a property to Homewood while retaining the right to enjoy the property during their lifetime. 

  • Receive an immediate charitable deduction
  • Retain the use of the property for life
  • In some cases, the remainder interest in the property can fund an income-producing gift vehicle

REAL ESTATE PARTNERSHIP

  • Receive administrative and financial support during the sale of the property
  • Fund an income-producing and tax-advantageous gift using a portion of the proceeds from the sale of the property