The Friendship Home Foundation is a private nonprofit 501(c)3 organization dedicated to securing and stewarding gifts and grants that benefit the Friendship Home.
Our vision is to support the mission of the Friendship Home as it meets the needs of the community as it grows into the future.
The Friendship Home Foundation was formed and received its 501(c)3 status in 2011. These community members are committed to helping the Friendship Home flourish for years to come. (The Friendship Home Association has always been a tax-exempt nonprofit organization.)
Our vision is to support the mission of the Friendship Home as it meets the needs of the community as it grows into the future.
The Friendship Home Foundation was formed and received its 501(c)3 status in 2011. These community members are committed to helping the Friendship Home flourish for years to come. (The Friendship Home Association has always been a tax-exempt nonprofit organization.)
A Gift Today Will Impact the Lives of Our Dear Residents
If you would like to make a donation to the Friendship Home Foundation, you can do so today using our secure PayPal button. (Gifts can be made with all major credit cards, as well as directly from a PayPal account. Please call 712.563.2651 to speak with Amy Madsen if you have any difficulties.)
If you would like to make a donation to the Friendship Home Foundation, you can do so today using our secure PayPal button. (Gifts can be made with all major credit cards, as well as directly from a PayPal account. Please call 712.563.2651 to speak with Amy Madsen if you have any difficulties.)
Let Us Thank You!
After you have made your donation, feel free to call 712.563.2651 or email Foundation and Marketing Director, to share where you would like your gift directed and/or if your gift is in memory or in honor of someone special. We want to make sure your gift is used in the way you intended and we have the proper information to thank you!
The Friendship Home Foundation is a registered 501(c)3 tax-exempt organization.
After you have made your donation, feel free to call 712.563.2651 or email Foundation and Marketing Director, to share where you would like your gift directed and/or if your gift is in memory or in honor of someone special. We want to make sure your gift is used in the way you intended and we have the proper information to thank you!
The Friendship Home Foundation is a registered 501(c)3 tax-exempt organization.
oTHER Ways to Give
There are many ways you can give to make a difference at the Friendship Home and impact the lives of our residents. When you're ready to make a donation, contact Amy to discuss how your gift can be used.
Cash. The simplest way to make a difference, you can write a check to the Friendship Home Foundation or drop off a gift of cash. We will promptly send you a thank-you receipt for gifts of all sizes.
The Norma B. Petersen Memorial Nursing Scholarship. The Norma B. Petersen Memorial Scholarship will be available for tuition, books, and other legitimate school needs for students. The scholarship will be made payable directly to the educational institution once a verifiable Student ID number has been received. Click here for more information.
Securities. Gifts of appreciated securities help the Foundation, and they escape any capital gains tax you would have had to pay. Simply call the Friendship Home Foundation and we'll help you to transfer the stocks. If you hold the stock certificates yourself, mail them and a completed stock power form in separate envelopes (by certified mail) on the same day.
Real Estate. A gift of real estate is a wonderful option, especially in a rural community where farmland holds great value. Real estate can be given as an outright gift or through an estate plan. If you would like to retain an income from the property but still make a donation, real estate can be given to fund a charitable remainder trust. All gifts of real estate, such as a residence, farm, undeveloped land, vacation home, or commercial property should be approved by the Foundation board.
Grain or Livestock. If considering an outright gift, farmers should look into the value of giving grain or livestock. When the producer transfers legal ownership of grain or livestock to the charity before it is sold, the producer will not realize taxable income from the sale, thus minimizing taxes. The individual can still, however, claim all production costs as deductible expenses for income tax purposes. Because there are specific rules, work with your tax advisor before completing this type of gift.
Retirement Plan Assets. Often overlooked, retirement plan assets [IRA, 401(k), 403(b), pension or other tax-deferred plan] are a simple and tax-smart way to give. When left to heirs, retirement plan assets are subject to income and estate taxes (if applicable). If given to a charitable organization, the assets transfer tax free and the estate qualifies for a charitable deduction. To make a gift, simply list the organization on the plan's beneficiary designation form, which you can request from the plan's custodian.
Life Insurance. Life insurance can be given outright or through your estate plan. The simplest way is to name the charity as beneficiary of the policy, and the gift will come to the orgnaiztion when the esate is settled. Insurance can also be given outright--transfer ownership of the policy to the organization. You can then make charitable donations each year, which the charity can use to pay the premiums. The organization then benefits from the proceeds of the policy.
Bequest Gift. If you are unable to part with assets today but would like to leave a legacy for the future, consider a charitable bequest. You can name the charitable organization as a beneficiary in your will or trust. Gifts can be made of a specific amount, a percentage of the estate, or contingent upon certain circumstances. Work with your attorney or advisor when making this type of gift.
Life Income Gift. Another option would be to transfer assets to a charitable remainder trust, which would pay you an income for life (either a set amount or variable percentage) and then transfer to a charitable organization. This is a good option for someone who needs to maintain a stream of income, but ultimately wants to leave a legacy gift.
For more information or to make a charitable gift, contact Amy Madsen, Foundation and Marketing Director, at 712.563.2651 or email amadsen@friendshiphome.com. The Foundation strongly encourages all individuals to work with their personal professional advisors before making a gift. While we can give you information on ways to help the Foundation, we do not provide legal or financial counsel.
To be removed from all mailing lists regarding the Friendship Home Foundation or fundraising efforts, please email amadsen@friendshiphome.com. Include your name and your request. Thank you!
Cash. The simplest way to make a difference, you can write a check to the Friendship Home Foundation or drop off a gift of cash. We will promptly send you a thank-you receipt for gifts of all sizes.
The Norma B. Petersen Memorial Nursing Scholarship. The Norma B. Petersen Memorial Scholarship will be available for tuition, books, and other legitimate school needs for students. The scholarship will be made payable directly to the educational institution once a verifiable Student ID number has been received. Click here for more information.
Securities. Gifts of appreciated securities help the Foundation, and they escape any capital gains tax you would have had to pay. Simply call the Friendship Home Foundation and we'll help you to transfer the stocks. If you hold the stock certificates yourself, mail them and a completed stock power form in separate envelopes (by certified mail) on the same day.
Real Estate. A gift of real estate is a wonderful option, especially in a rural community where farmland holds great value. Real estate can be given as an outright gift or through an estate plan. If you would like to retain an income from the property but still make a donation, real estate can be given to fund a charitable remainder trust. All gifts of real estate, such as a residence, farm, undeveloped land, vacation home, or commercial property should be approved by the Foundation board.
Grain or Livestock. If considering an outright gift, farmers should look into the value of giving grain or livestock. When the producer transfers legal ownership of grain or livestock to the charity before it is sold, the producer will not realize taxable income from the sale, thus minimizing taxes. The individual can still, however, claim all production costs as deductible expenses for income tax purposes. Because there are specific rules, work with your tax advisor before completing this type of gift.
Retirement Plan Assets. Often overlooked, retirement plan assets [IRA, 401(k), 403(b), pension or other tax-deferred plan] are a simple and tax-smart way to give. When left to heirs, retirement plan assets are subject to income and estate taxes (if applicable). If given to a charitable organization, the assets transfer tax free and the estate qualifies for a charitable deduction. To make a gift, simply list the organization on the plan's beneficiary designation form, which you can request from the plan's custodian.
Life Insurance. Life insurance can be given outright or through your estate plan. The simplest way is to name the charity as beneficiary of the policy, and the gift will come to the orgnaiztion when the esate is settled. Insurance can also be given outright--transfer ownership of the policy to the organization. You can then make charitable donations each year, which the charity can use to pay the premiums. The organization then benefits from the proceeds of the policy.
Bequest Gift. If you are unable to part with assets today but would like to leave a legacy for the future, consider a charitable bequest. You can name the charitable organization as a beneficiary in your will or trust. Gifts can be made of a specific amount, a percentage of the estate, or contingent upon certain circumstances. Work with your attorney or advisor when making this type of gift.
Life Income Gift. Another option would be to transfer assets to a charitable remainder trust, which would pay you an income for life (either a set amount or variable percentage) and then transfer to a charitable organization. This is a good option for someone who needs to maintain a stream of income, but ultimately wants to leave a legacy gift.
For more information or to make a charitable gift, contact Amy Madsen, Foundation and Marketing Director, at 712.563.2651 or email amadsen@friendshiphome.com. The Foundation strongly encourages all individuals to work with their personal professional advisors before making a gift. While we can give you information on ways to help the Foundation, we do not provide legal or financial counsel.
To be removed from all mailing lists regarding the Friendship Home Foundation or fundraising efforts, please email amadsen@friendshiphome.com. Include your name and your request. Thank you!