Make a Gift and Search the Web-Make an Outright Gift-Make a Deferred Gift
By making a gift you can receive the satisfaction of knowing that you made a difference in a child’s life. And it starts by finding a way to give that’s right for you. Our goal is to present you with financial options that benefit both you and HFF.
Make a Gift and Search the Web
Support HFF by using GoodSearch as your search engine. HFF receives a donation for each search you make. Click the button and learn more. Be sure to select Herbalife Family Foundation (Los Angeles, CA) ID: 840855 as your charity of choice!
Make an Outright Gift
A Gift by Cash
A Gift by Cash
A gift by cash, check, or credit card is the most common and convenient way to give to HFF. Gifts may be made outright or pledged over a period of up to five years. Checks should be made payable to "Herbalife Family Foundation". If you prefer, you may charge your gift through most major credit cards. If you file taxes in the US and itemize your tax deductions, your gift is fully deductible up to 50% of your adjusted gross income. Any excess may be carried forward for up to five additional years. If you wish to designate the use of your gift, you may do so at the time you make the gift by enclosing a brief note letting us know what area of support we should apply your gift.
We can also help you celebrate a special event by sending an inspiring Tribute Card to honor a friend or loved one, with a minimum US $25 donation.
Please click here if you want to make to make a gift now though our secured website.
Royalty/Production Bonus (Herbalife Distributors only)
Royalty/Production Bonus (Herbalife Distributors only)
As your Herbalife business grows you will begin to receive additional income. You can request a specific amount from these income streams to be donated to HFF monthly or for a one time occasion. You can also donate uncashed bonus checks by signing the back and sending to the HFF office. These donations are treated similarly to cash donations and like cash in the US you are entitled to an income tax deduction for all contributions in a given year of up to 50% of your adjusted gross income. Use this downloadable form if you would prefer to fax/mail your request to the HFF office.
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A Gift of Stocks, Bonds, and Appreciated Assets
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A Gift of Stocks, Bonds, and Appreciated Assets
Assets such as these are a great way to give. In the US you can save on capital gains tax and may get a charitable income tax deduction for the full fair market value. It may also be possible to take an income tax deduction up to 30 percent of your adjusted gross income and still carry-forward any excess up to five years.
A gift of appreciated securities such as stocks, mutual funds, and bonds can provide attractive benefits. In the US an outright gift of long-term appreciated securities (securities held for more than a year) avoids capital gains taxes and in most cases, the donor obtains a charitable income tax deduction equal to the market value of the securities.
An owner of closely held stock may give the stock to HFF and receive important financial benefits. Closely held corporations are corporations whose stock is owned by family members and/or by business associates. The stock is private in that it is not publicly traded, and in most cases there are restrictions on the transfer of the stock to third parties.
Donors considering a gift of closely held stock must not enter into a prior written agreement with either the closely held corporation or a potential third-party purchaser. The transfer should be an arms-length, independent transaction. Donors who make gifts of appreciated assets should consult with their attorneys or tax advisors.
In an outright gift of closely held stock, the donor typically transfers stock to HFF. To determine value, the donor has the stock appraised and obtains a charitable income tax deduction equal to the appraised value of the stock. The appraisal must be conducted by an appraiser who is knowledgeable in establishing the value of closely held stock. HFF then redeems the stock to the corporation and receives a check for the redemption price. It is important that the appraised price reflect the redemption price. If the stock is sold within two years, HFF is required to notify the Internal Revenue Service.
The stock may also be transferred through a purchase of the stock by the closely held corporation's Employee Stock Ownership Plan. In this case, the stock is reacquired for redistribution by the corporation to its shareholders or to the Employee Stock Ownership Plan.
Instead of redeeming the stock to the closely held corporation, HFF may transfer it to a third-party purchaser as long as there are no restrictions on the ability to transfer the stock.
A Gift of Real Estate
A Gift of Real Estate
Over the years, most real estate has appreciated faster than the rate of inflation and, therefore, can offer great potential for a charitable gift. HFF will consider accepting a gift of a home, vacation property, condominium, apartment complex, undeveloped land, or other real estate in support of the campaign.
Tangible Personal Property
Tangible Personal Property
Gifts of assets such as cars, jewelry, and boats are also welcomed. You generally get a tax deduction for the full fair market value (assuming the gift is considered for a related use).
Life Insurance
Life Insurance
There are several ways in which a donor may use life insurance to make a gift to HFF:
- Make a gift of an existing life insurance policy that is no longer needed for its original purpose.
- Establish a new policy and name HFF as the owner and beneficiary of the policy.
- Use life insurance to replace the value of gifts to HFF.
- Fund a Short-Term Endowment Policy (STEP).
Please contact us to learn more about this option.
Make a Planned or Deferred Gift
You may be hesitant to give a substantial asset to HFF because you need the income from the asset to maintain your standard of living. However, you can still make a significant gift to HFF and maintain the asset through one of the following ways:
Gifts Through Your Estate
Gifts Through Your Estate
For many donors, making a gift through your estate is the most realistic way to provide a substantial contribution to HFF. A gift through your estate reduces or may eliminate federal estate taxes. Most states provide estate or inheritance tax benefits for gifts through an estate to nonprofit organizations. The most common ways to make a gift through your estate are:
- Specific Bequest - HFF receives a specific dollar amount, a specific piece of property, or a stated percentage of the estate. This is one of the most popular forms of bequests.
- Residuary Bequest - HFF receives all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes, and expenses.
- Contingent Bequest - HFF receives part or all of the estate under certain specified circumstances.
- Trust Established Under a Will - A trust may be established that provides for both and other beneficiaries.
Charitable Trust
Charitable Trust
Called a Charitable Remainder Trust, it will pay you a lifetime income, allow you to avoid capital gains taxes and give you an income tax deduction at the same time. If married, both spouses will be included as income beneficiaries. Funding such a trust with highly appreciated stock will enable you to lock in your gains. Real estate is also a good asset to use, as is cash. You save capital gains taxes on highly appreciated assets such as stocks and real estate that you put into the trust. Because the assets go to HFF at your death, you may want to consider an asset replacement option, funded by insurance and paid for by tax savings and increased income from the trust. At your death, the insurance proceeds would go to your heirs, free of estate tax and probate expenses.
Gifts from Retirement Funds
Gifts from Retirement Funds
Other planned gift options are available. Please contact us to learn more about these and other planned gift options.When individuals withdraw funds from their IRA or 401(k) fund(s) during their lifetime, income taxes must be paid. At death, any amounts remaining in their plans are potentially subject to two taxes: income and estate taxes. Donors are invited to consider designating HFF as a partial or full beneficiary of their retirement plans.
For additional information, please contact us.