Giving

Much of the Methodist Home's progress in advancing our vision of care has been made possible through the generosity of private patrons; through their donations and bequests, as well as volunteer service. Each and every donation makes a difference in the lives of our residents in many ways.

We know that giving to any institution is an important decision that is motivated by the desire to help those in need, much in the same way our founders reached out to suffering, indigent people so many years ago. Every one of our residents, now and in the future, benefits from the philanthropy of the Home's benefactors as well as resident families and friends. Gifts cover the cost of providing medical care and services that exceed state and federal reimbursements.

We invite you to consider the ideas below, and recommend that you consult an attorney or financial expert before you make any giving decision.

Long-term giving

Your thoughtfulness can have a tremendous impact for our future residents. When you join those who have included the Home in their long-term gift planning, you automatically become a member of the Home’s Society. Be sure to talk to a financial expert or your personal attorney before making any gift decisions.

  • Life Insurance: Perhaps you initially purchased a policy to ensure your family's financial stability, or to pay college tuition for children that are now self-sufficient. The gift of life insurance is a generous and sensible course of action.

    When you assign ownership of your existing life insurance policy to The Methodist Home, you receive a current income tax deduction and possible future deductions if you continue to pay any remaining premiums. If you use appreciated stock to make these premium payments, you reap additional tax savings by avoiding capital gain taxes.

  • Retirement plan assets: You may be able to avoid double taxation of your retirement assets by naming The Methodist Home as a beneficiary through a charitable gift, and leaving other more tax-efficient assets to your heirs.

    When you make such a charitable gift, the death benefit qualifies for a charitable deduction from your estate, and one hundred percent of the assets are passed to The Methodist Home without being taxed.

  • Charitable Lead Trust: You can pass family assets to heirs and receive significant estate tax savings by making a gift to the Home using a Charitable Lead Trust. This type of giving reduces beneficiaries' taxable income by first donating a portion of the trust's income to the Home and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

This type of trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost. It’s ideal if you’re willing to forego investment income on an asset but don’t want to force your heirs to surrender the principal. With a lead trust, you carry out your philanthropic plans over the coming years, and save on taxes.

Direct Contributions

CHECK:
Make your check payable to The Methodist Home for Nursing & Rehabilitation and mail to the address below. If you would like to include a completed Donation Form with your check click here for a printer-friendly version.

The Methodist Home for Nursing & Rehabilitation
4499 Manhattan College Parkway
Riverdale, New York 10471

Supporting resident activities

Sponsoring resident activities are a great way to get involved with the Home.

Sponsors donate funds for live entertainment, coffee and food for all residents attending the supported activity.

Sponsors also receive name recognition on printed invitations given to all residents, as well as optional messaging from the sponsoring family/individual, be it in honor or memory of a loved one, etc. Sponsoring individuals and families are always invited to the activity supported.

Suggested event sponsorships include:

  Birthday Parties One Full Year $2400  
    Half Year $1200  
    Or (Per Month) $200  
  Tea Socials One Full Year $500  
    Half Year $250  
  Happy Hour Parties One Full Year $600  
    Half Year $150  
  Yearly Christmas Party Residents’ Christmas Party $600  
  New Year's Party One New Year's Party

$600  
  Halloween Party One Halloween Party $300  
  Barbecues Three Barbecues $2000  
    or Per Month $400  
  Pet Grooming/Shots   $300