REAL ESTATE: Gifts of personal residence can be made for an immediate income tax
deduction or with a retained life estate, the donor or designee can live in their home for the
rest of their life. After that time, the real estate is owned outright by CMCS, without the
complications of probate proceedings. This gift allows the donor to receive current income
deductions for the discounted value of the property.
STOCKS/MUTUAL FUNDS/SECURITIES: You can avoid capital gains tax on securities held
long-term and provide an income tax deduction equal to the fair market value at the date of
transfer. To plan your gift, please contact Shiemicka Banner, Vice President of Philanthropy at
(914) 640-9042 or sbanner@cmcs.org for further information.
As always, we recommend that you consult a tax
professional with any specific questions. Thank
you in advance for your continued support and
generosity.
In these challenging economic times, Cardinal McCloskey Community Services
(CMCS) is more reliant than ever on private philanthropy. We have several methods
for you to help CMCS continue our life-changing work. You can make your tax-
deductible contribution to CMCS in any of the following ways:
Ways to Give
CHECK: Please make your check payable to Cardinal McCloskey Community Services.
CREDIT CARDS: We accept American Express, Visa, MasterCard, and Discover. Please contact
us by phone or visit our secure website: www.cmcs.org.
MATCHING GIFTS: You can double your gift to CMCS if you or your spouse work for an
organization with a Matching Gift Program.
PLANNED GIVING: A Planned Gift is your commitment to the future of CMCS and
demonstrates your lasting legacy to our mission.
BEQUEST: You can leave a bequest to CMCS in your will or trust. A donation through your will
or trust is fully tax-deductible and enables us to provide critical assistance to those in our
care.
2023 Impact Report
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