Furthermore, if you are based in the USA, Friends of Chabad Cambridge is a 501c(3) tax-exempt organisation which funds grants that benefit Chabad Lubavitch of Cambridge. Outright gifts, bequests and transfers made via Friends of Chabad Cambridge are deductible for federal estate and tax gift purposes if they meet the applicable provisions of the United States Internal Revenue Code.
Give From the United States of America
You can donate via Friends of Chabad Cambridge if you are based in the USA. Friends of Chabad Cambridge is a 501c(3) tax-exempt organisation which funds grants that benefit the Chabad House in Cambridge. Outright gifts, bequests and transfers made via Friends of Chabad Cambridge are deductible for federal estate and tax gift purposes if they meet the applicable provisions of the United States Internal Revenue Code.
There are various ways to make a lasting and meaningful contribution to Friends of Chabad Cambridge while advancing your financial and philanthropic objectives. A planned gift can offer significant tax benefits by substantially reducing capital gains and estate taxes and/or providing immediate income to you or a beneficiary.
Here is suggested language to include Friends of Chabad Cambridge in your will for a specific bequest:
“I bequeath to Friends of Chabad Cambridge, a 501(c)(3) nonprofit corporation organized and existing under the laws of the State of New Jersey with the business address of 1120 Avenue of the Americas, 17th Floor, New York, NY 10036, the sum of ________ [dollars or percentage of estate], to be used exclusively for its charitable purposes."
Gifts of Personal Property and Real Estate
Friends of Chabad Cambridge accepts donations of personal property, such as artworks, historical objects, rare manuscripts and books, real estate, technology, and other gifts-in-kind that can be used in connection with its stated mission of supporting collegiate Cambridge. If the value of your gift is less than $5,000.00, you may provide a valuation of the property to be donated. However, if the value is greater than $5,000.00, a third party appraisal is required per Internal Revenue Service regulations. Please contact us to assist you with the handling of your gift.