Ways To Give

Options for Giving

GIFTS OF CASH Receive a charitable tax deduction and support the HCE by writing a check. You can mail it to:
HCE
P.O. Box 421,
Hopkinton, MA 01748

GIFTS OF STOCK Giving long-term appreciated stock offers you a tow-fold tax saving. You avoid paying capital gains tax on the increase in value of the stock, and you receive a tax deduction for the full fair market value.

GIFTS OF REAL ESTATE A charitable gift of real estate can have tax advantages. The property may have appreciated in value and the sale would result in sizeable capital gains tax. If given as a charitable donation, you can avoid the tax and realize a charitable deduction for the full market value of the real estate.

GIFTS OF LIFE INSURANCE If you own a life insurance policy that is no longer needed, you can receive a charitable deduction by giving it the HCE. If the policy has cash value, you can take charitable deduction approximately equal to the cash value at the time of the gift. Annual premiums will become deductible each year.

LIFE INCOME GIFTS A life income gift allows you to transfer assets to the HCE and continue to receive the income from the cash, stock, or other property contributed. Please talk with your accountant or financial advisor for details on this option. BEQUESTS If you have concerned with long term tax savings, you may want to consider a charitable bequest, naming the Hopkinton Community Endowment as a beneficiary in your will.

IN MEMORY OF A new way to support the Hopkinton Endowment is to donate a gift in memory of a person. These names will be prominently displayed on the organization’s website. In addition to thanking the donor, the Endowment will send a card to the family or other noted individuals recognizing your contribution.

The Magic of Numbers

Simply put, our power of numbers lies in the basics of multiplication (or the old saying that “many hands make heavy work light”). Consider this: here are approximately 5,000 homes in Hopkinton. If every home donated just $10 to the HCE each year, we would raise over $50,000 that could help fund future town needs. If every home donated $10 a month for just one year, we would have over $600,000 available.

Put in perspective, $600,000 is more than six times the amount collected by the HCE in any given year since our inception, yet it represents the approximate cost of constructing a new artificial turf sports field — a project that has been proposed at Town Meeting on several occasions.

Endowments have worked for colleges and universities for centuries, and it will work for Hopkinton, too. Magical, isn’t it?

Please join us by making your donation today!