A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

Cash Donation

One of the easiest and most common ways for you to support Snowdrop Foundation, Inc. is with a gift of cash. Cash can be used to support our work in the form of:

An outright gift. By making a cash gift by check, credit card or money order today, you enable Snowdrop Foundation, Inc to meet our needs and carry out our mission. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction when you itemize on your taxes.

Mail check to:

Snowdrop Foundation
P.O. Box 19808
Houston, TX 77224

Monthly Donations

You are joining a loyal group of monthly donors committed to our mission childhood cancer research, and college Scholarships for patients and survivors.

Beneficiary Designations

Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:

• IRAs and retirement plans
• Life insurance policies
• Donor advised funds
• Commercial annuities

It is very simple to name Snowdrop Foundation, Inc as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website. Make your desired changes and return the form to establish your gift.

Make a Gift Tax-Free With an IRA

Did you know that you can designate Snowdrop Foundation, Inc. as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime? It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.

If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

A Special Opportunity for Those 70½ Years Old or Older

You can take advantage of a simple way to benefit Snowdrop Foundation, Inc and receive tax benefits in return. You can give any amount up to $100,000 per year from your IRA directly to a qualified charity such as Snowdrop Foundation, Inc without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Solutions for Large Donations

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Snowdrop Foundation.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits: The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.xxx

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Ways to Use Property as a Donation

An outright Property gift. This allows you to benefit our work today and receive a federal income tax charitable deduction if you itemize.

A gift in your will or living trust. You can leave a legacy at Snowdrop Foundation by donating property to Snowdrop Foundation through your will or living trust.

A bargain sale. You can sell us your property for less than the fair market value of the item. For example, if you sell us an antique for $30,000 that is worth $50,000, you will receive a federal income tax charitable deduction of $20,000 plus the payment from Snowdrop Foundation of $30,000.

A memorial or tribute gift. If you have a friend or family member whose life has been touched by Snowdrop Foundation,Inc., consider making a gift in their name.
An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Snowdrop Foundation will last forever.

A charitable gift annuity. You can sometimes use non-income producing property such as valuable stamp and coin collections or works of art in exchange for life payments and a federal income tax charitable deduction. The amount of the charitable deduction depends, in part, on whether the donated items are retained by the charity and used for its tax-exempt purpose.

A charitable remainder trust. You may be able to contribute tangible personal property to a charitable remainder trust. If you or a family member is an income beneficiary, you will receive a federal income tax charitable deduction when the property is sold. An additional contribution of cash or appreciated securities is recommended to cover expenses until the tangible personal property is sold.

A donor advised fund. Gifts to donor advised funds are not limited to cash and securities. Tangible personal property such as valuable antiques, stamp and coin collections, art, cars and boats may be able to be gifted and sold to benefit your fund.