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Ways to Give
Private philanthropy is a long-standing tradition at the Center of family Love and is a critical component of our future. Individual gifts can be designated to provide programs and services for the adults served by CFL, to further research, to support world-class facilities such as the Loosen Geriatric Center and the CFL ICF Center.
Gift opportunities range from the simple to the extremely complex. The information below is intended solely for educational purposes in order to introduce a variety of possibilities. Some gifts have suggested minimum amounts to establish and require review and approval by a licensed tax, financial, investment or legal counselor. Certain gifts are subject to approval by our board of trustees and our offices of development, finance and administration. Gifts of non-residential property (farms, ranches, commercial and industrial property, etc.) require comprehensive environmental audits.
We would be pleased to work with you and your professional advisors to customize a gift plan that matches your specific needs, goals and interests.
Ways to
Give:
Cash
Capital Campaign - Phase II
Memorial
and Tribute Gifts
Bequests
Life
Insurance
Retirement
Accounts
Gifts
in Kind
For more information, please contact the development department at (405) 263-4658.
Cash
Gifts of cash, checks, money orders and credit card charges all help the lives of the adults served by the Center of family Love. These gifts are accepted for any purpose consistent with our mission, values and goals.
Capital Campaign Phase II
Since
1981, The Center of Family Love (CFL) has been a home to adults
needing special care, many with profound/severe mental and motor
disabilities. Based on 30 years of experience CFL has found that the
well-being of its residents is best served in smaller homes, as in
the award winning Loosen Geriatric Center where each resident has
his/her own bedroom. Thus, the CFL Board voted to embark upon an
ambitious campaign to transform the current campus into a more
home-like facility in order to better serve their residents, people
who depend upon CFL for their care.
Phase
I of CFL’s capital project was completed in September 2011.
Total cost of Phase I is $4.8 million. This phase includes two new
16-bed intermediate care facilities (ICF) with private rooms and a
home-like atmosphere. Phase I was funded with $1 million in
donations, cash on hand and a $2.8 million loan that is being repaid
with the additional income generated by these beds. The loan was
granted by a consortium of banks based on The Center of Family Love’s
excellent financial situation: no debt, cash in the bank and ability
to leverage the increased rates per bed due to the new construction.
Phase II is a 3-part project consisting of:
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Remodeling the existing 54-bed, 30-year old ICF building into two 16-bed units. The original ICF was designed on a medical model, like a hospital or institution, with double, even triple occupancy. The two new 16-bed units will be home-like with each resident having his/her own private room. Each unit will have a conference/activity room, and a much more home-like atmosphere.
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Furnishings for all 64 new bedrooms (32 constructed in Phase I) and the kitchen and dining areas, TV and lounge areas and other furnishing needs for the four new home-like ICFs, two of which were completed in Phase I.
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Landscaping plan, irrigation system and new plantings for entire campus.
The entire capital
campaign will add 10 new beds to the campus and upgrade an additional
22.
Memorial and Tribute Gifts
A memorial gift is an appropriate way to honor the passing of a loved family member or friend or respected neighbor or colleague. A tribute gift is a thoughtful way to recognize someone for a special achievement or milestone, religious occasion or life-cycle event like a birthday, wedding, graduation or anniversary.
Bequests
A bequest is an easy and popular way to support the mission of the Center of Family Love in the future. You can include a bequest provision in your will or revocable trust. Bequests can be changed or modified if your circumstances change and this will not affect your assets or cash flow during your lifetime. Your bequest reduces the value of your estate for federal estate tax purposes and is also usually exempt from state inheritance taxes. There are various types of bequests (general, specific, residual, contingent and percentage) and they can be either restricted for a particular use or purpose or unrestricted. Please advise us if you have included the Center of Family Love in your will or trust documents so that we may thank you and recognize your generosity.
Life Insurance
Donating a life insurance policy is often overlooked as a means to benefit the individuals served by the Center of Family Love. One way to help is to name us as the irrevocable owner and beneficiary of a paid-up policy that your family no longer needs. This action results in a charitable deduction amounting to the cash surrender value or basis, whichever is less. An alternative method to assist us is by purchasing a new policy on your life and naming Center of Family Love as the owner and beneficiary. We will pay the premiums and you may deduct your gifts offsetting those payments.
Gfts in Kind
Gifts of artwork, rare books, collectibles, coins, gems, equipment, supplies or other personal property are greatly appreciated. Upon receipt, Center of Family Love may do any of the following: hold, display, use to further our mission or sell the property and use the proceeds for our programs and services. You receive an immediate income tax deduction for the gift’s appraised value and pay no capital gains tax, provided that the donation meets the “related use” requirements of the Internal Revenue Service. Please see our policies and procedures for gifts in kind.
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