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A contribution to the endowment is a permanent investment in the future of Steere House. With the security of a strong financial base, we will be in the best possible position to respond to the needs of Rhode Island's growing elderly population. Gifts may be made to the Steere House endowment in many ways:
Friends may name Steere House as a beneficiary through a provision in their wills. All or some portion of an estate may be given, according to the wishes of the donor. The bequest may also be worded so that Steere House receives a gift after other provisions of the will have been satisfied. Estate planning experts suggest that wills should be reviewed every three years, or whenever major events occur in your life such as births, deaths, significant changes in wealth, etc. If you do not have a will, your estate will be distributed in accordance with the laws of the state in which you reside. With a will, those decisions are yours.
You may change or name the beneficiary on an existing policy to Steere House.
Charitable gift opportunities exist through IRA, 401K and other retirement vehicles. The tax advantages can be comparable to those available from a bequest.
By donating stock directly to Steere House, you benefit from a tax deduction for the current value and avoid capital gains taxes.