Thank you for considering a contribution to Boys & Girls Clubs of Monterey County!
You can make a difference in the life of a child by donating today!
There are many ways to support BGCMC and every contribution has an impact on the lives of our members.
Donate a Vehicle
Donating a vehicle to the Boys & Girls Clubs of Monterey County is a very easy donation process. Using the link below, The donor may designate their charity of choice. The Boys & Girls Clubs of Monterey County is on the drop down list. V-dac.com makes arrangements to pick up the vehicle (title is required), they will handle the paperwork and they will also send the donor a receipt.
The Boys & Girls Clubs of Monterey County receives the proceeds shortly after the sale of the vehicle. This method is the most efficient for all parties. It’s hassle free and the transactions are handled professionally.
Donate Real Estate
You may give the property to BGCMC while retaining the right to occupy the residence or operate the farm. Such a gift of a remainder interest provides a charitable income-tax deduction for the present value of the remainder interest that frees up tax dollars into spendable income—without causing any disruption in your lifestyle. In addition, this plan permits you to escape any potential capital-gain tax on the built-in appreciation.
Example: Sarah, 75 and recently widowed, has lived in her home for 25 years and has no plans to move. To obtain present tax relief without altering her lifestyle, she gives her home to BGCMC while retaining the right to live in the home for life.
At the time of the gift, the residence is appraised at $250,000. This gift arrangement will provide a charitable income-tax deduction of more than $179,000 (the value of the charity’s remainder interest). Since Amy’s tax bracket is 28%, her total tax savings will be over $50,000 (28% of $179,000). This is the amount by which her income tax will be reduced over the period she reports the deduction.
In the event she decides to move, she will have several options: rent the property, give her life interest in the home to BGCMC in exchange for a stream of payments for life, or simply give her life interest outright and receive another deduction.