Planned Giving

You can make a gift to Ellis Memorial & Eldredge House and continue to receive income from your gift for your lifetime, for the lifetime of another beneficiary, or for a specific number of years. Consider the following options as you plan your giving.

Charitable Remainder Trusts

Charitable Remainder Trusts are individually invested and managed by a trustee of your choice. You, or your designated beneficiary, benefit from ongoing income and an immediate tax advantage, while Ellis Memorial & Eldredge House will benefit from the funds that remain upon your or your beneficiary’s death.

Gift Annuities

A gift annuity gives you income for life. You may claim an attractive tax deduction at the time of your investment; a portion of the annuity income is often exempt from federal income tax. A deferred gift annuity, in which you defer income until a specified age, also offers significant tax deductions at the time of investment, and may offer a retirement alternative for those no longer able to full advantage of Individual Retirement Accounts.

Charitable Lead Trusts

Charitable Lead Trusts pay a percentage of income to Ellis Memorial & Eldredge House for a determined number of years, after which the assets pass to a recipient of your choice. These trusts are an ideal way for you to support Ellis Memorial & Eldredge House, while preserving assets for your heirs. They help you reduce your income or estate taxes and may help relieve heirs of capital gains taxes.

Tax Information

Gifts to Ellis Memorial & Eldredge House are tax deductible within the limits of current federal and Massachusetts State law. Tax laws require a receipt for individual payments of $250 or more to charity. If you have made any single payment(s) above $250 for a particular tax year Ellis Memorial & Eldredge House will send you a receipt before April 15th