John J. Byrne Community Center | UNIONDALE™ recommends various ways to give for our operating, building and capital support programs. The organization recognizes that some donors may wish to support us financially in ways other than by cash donations. The organization will accept other forms of contributions on an individual basis. While we prefer donations without strings attached, which tend to limit our discretion in the interest of the organization we are, nevertheless open to donor-specific or donor-defined contributions.

ENDOWMENTS

You may make a financial endowment of money or property to John J. Byrne Community Center | UNIONDALE™ initially $50,000 with at lest $500 increments at any time if you so choose.

You can stipulate that it be invested, and the principal remain intact in perpetuity or for a defined time period. John J. Byrne Community Center | UNIONDALE™ may tap any earnings at the discretion of its board of directors.

John J. Byrne Community Center | UNIONDALE™ will work closely with you and your financial advisors to determine the best way to structure the agreement so you receive the utmost benefit from your philanthropic giving.

• Naming Rights

You may choose to request naming rights to certain rooms, hallways or other space of the building, subject to agreement of the board of directors.

We are willing to explore opportunities with you and your advisors that will allow you to combine your philanthropic giving with your financial needs and tax-planning strategies. Through creative giving you can secure your own financial future.

The potential benefits to you may be (a) receive a current income tax deduction, (b) avoid long-term capital gain tax, (c) increase income and effective rate of return and (d) reduce estate and gift taxes.

You may give any type of asset that you irrevocably donate to a charitable organization such as John J. Byrne Community Center | UNIONDALE™ resulting in a current income tax deduction, but there may be other tax benefits from your contribution.

If you contribute appreciated securities that you have held more than one year, you have the added benefit of avoiding tax on the gain.

You can give John J. Byrne Community Center | UNIONDALE™ tangible personal property (like an art object, prized collection or antique) and take a deduction for its full fair market value if the gift is used for our exempt function.

These are but two of the types of assets you can donate outright to us today. Using assets other than cash allows you more flexibility when planning your gift, and there are even more potential benefits if you plan your gift creatively.

• Cash Gift

A Cash gift by check is one of the most common and easiest methods for making an outright charitable contribution. If you itemize income tax deductions on your tax return, the first tangible benefit of making a gift by cash or check is the tax deduction for the full value of your gift.

The annual limitation on the use of charitable deductions claimed for gifts to public charitable organizations is 50 percent of your adjusted gross income for cash gifts. Any unused deduction can be carried over and used for up to five additional years, giving you six full years to use the deduction. The second benefit is seeing the immediate results of your generosity. Further, you are demonstrating a strong commitment to help support John J. Byrne Community Center | UNIONDALE™ and contributing to our success.

     Benefits
       • Receive a current income tax deduction.
       • Reduce your potential estate taxes in the future.
       • Determine the exact amount of your desired support.
       • Experience the joy of giving today.

• Real Estate

Are you thinking of selling land or a building? Beware of capital gains tax! If you sell your primary residence, you can exclude up to $250,000 ($500,000 if you are married) of the gain. This tax break does not apply to other types of real estate, however, so you may have a better alternative.

A charitable contribution of real estate – whether it is your personal residence, a vacation home, a farm, commercial real estate or vacant land - will give you numerous advantages.

When you give your home or other real estate to John J. Byrne Community Center | UNIONDALE™ you create an enduring testimonial of your interest in our mission. Your personal satisfaction is also complemented by valuable tax benefits.

     Benefits
       • Receive an income tax charitable deduction for the full fair market value.
       • Avoid tax on the property’s appreciation.
       • Prevent the hassle of trying to sell the property.
       • Make a gift to support John J. Byrne Community Center | UNIONDALE™’s important causes, while reducing
          your taxable estate.

• Retirement Plan Assets

Did you know that most retirement plan assets are facing double taxation? Assets remaining in retirement plans funded with pretax dollars are considered “income in respect of a decedent”. So not only is the amount diminished by estate taxes, but the recipient also must pay income taxes on it!

If you can make other provisions for your family, there is a better option for your retirement plan assets – a charitable gift.

To implement your wishes, first consult your advisor, then instruct the plan administrator of your decision and sign whatever form is required. For an IRA or Keogh plan you administer personally, notify the custodian in writing and keep a copy with your valuable papers.

     Benefits
       • Avoid all income and estate taxes when you name John J. Byrne Community Center | UNIONDALE™ as the
          primary beneficiary.
       • Receive partial savings when you give us a specific amount before giving your family the remainder.
       • Name John J. Byrne Community Center | UNIONDALE™ as the contingent beneficiary, which allows for
          greater flexibility.
       • Donate retirement plan assets, which could be the most cost-effective gift you can make.

• Life Insurance

When you first obtained your life insurance policies, you obviously felt a need for them. Perhaps you do not need all that coverage today, yet you still have those policies.

If you are thinking about a gift to John J. Byrne Community Center | UNIONDALE™ a gift of your life insurance could be a sensible, as well as generous, course of action. If you make us owner of the policy, you will normally receive an income tax deduction for the policy’s fair market value or cost basis, if lower, on the date of the gift. If you name John J. Byrne Community Center | UNIONDALE™ beneficiary of the policy (and retain ownership), you will receive an estate tax deduction for the insurance proceeds.

You can also use life insurance to replace the value of a different gift. For example, you could donate stock to us because of the tax advantages and purchase life insurance to benefit your heirs in the amount they should have received had you left them the stock.

     Benefits
       Name John J. Byrne Community Center | UNIONDALE™ as owner.
       • Receive a charitable deduction when you name us as beneficiary and assign us ownership.
       • Reduce your estate taxes because proceeds are removed from your estate.

       Name Uniondale John J. Byrne Community Center | UNIONDALE™ as beneficiary.
       • Obtain flexibility by naming us as beneficiary but keeping ownership.
       • Name us as contingent beneficiary and secure your family’s needs first.

• Bequests

One of the simplest ways to make a gift to John J. Byrne Community Center | UNIONDALE™ is through your will. Bequests can be made in the form of a specific gift of cash or property, or as a percentage of an estate. Your bequest might fall into one of the following categories:

     Specific Bequest: You can name John J. Byrne Community Center | UNIONDALE™ as a direct beneficiary of a
     specific amount of money or a specific percentage of your estate.

     Sample bequest language: "I give, devise and bequeath to John J. Byrne Community Center | UNIONDALE™,
     the sum of $____ (or ____ percent of my estate or the property described herein) for its general purposes."

     Residuary Bequest: You can designate that John J. Byrne Community Center | UNIONDALE™ receive all or a
     portion of the remainder of your estate once all specific bequests have been satisfied.

     Residuary bequest language: "All the rest, residue and remainder of my property, both real and personal,
     and wheresoever situated, I give, devise and bequeath to John J. Byrne Community Center | UNIONDALE™,
     for its general purposes."

     Contingent Bequest: You can name John J. Byrne Community Center | UNIONDALE™ beneficiary to receive
     assets in case your named individual beneficiaries do not survive you.

OTHER REVENUE

John J. Byrne Community Center | UNIONDALE™ is open to forms of affinity agreements and affiliate contracts with corporate entities that offer opportunities to generate revenues for its operational, programmatically and capital projects.