About Us

Ways to Give

Gifts of Cash

An outright gift to Fairhaven is the simplest form of giving. You pay no gift or estate tax and you receive the maximum tax deduction for your contribution in the year you make it. If you wish, you can designate your gift in honor or in memory of a special person and designate where your gift should be used.

Gifts of Securities

Gifts of stocks, bonds or mutual funds can be donated to Fairhaven for a specific purpose. Please contact the Development Department before making a gift of stock.

Tangible Assets

Gifts of personal property such as art, jewelry, antiques or collections can be donated to Fairhaven. The net amount realized from their sale can be designated to a specific fund at Fairhaven.

Life Insurance

There are two primary ways to contribute life insurance to Fairhaven:

1. Fairhaven can be named as the beneficiary of a policy that is no longer needed for its original purpose.

2. Ownership of a policy can be transferred or a new policy can be purchased and Fairhaven can be named beneficiary.

Life Income Gifts

The Charitable Gift Annuity

The Charitable Gift Annuity offers individuals the opportunity to make a gift to Fairhaven and receive a fixed, yearly payment based on the age(s) of the beneficiary(ies). The minimum gift level to establish a Charitable Gift Annuity is $10,000.

One Life Two Lives
Age Rate (%) Age Rate (%)
75 6.3 77/ 81 - 82 6.0
80 7.1 78/ 82 6.1
85 8.1 80/ 84 6.4
89 9.2 85/ 88 7.3
90+ 9.5 87/ 91 7.9

Charitable Remainder Annuity Trust & Charitable Remainder Unitrust

Both of these plans are irrevocable trusts that feature income based on the value of the assets at the time the trust is created, while the unitrust provides a fluctuating income based on a fixed percentage of the trusts annual value.

Real Estate

Gifts of real estate can be made to Fairhaven outright or transferred to the organization. By making a gift of real estate you may avoid capital gains taxes and receive a charitable deduction.

Leaving a Gift in Your Will

A gift through a will is an excellent way for a donor to support Fairhaven. There are several ways in which you can do that:

Specific Bequest
A specific dollar amount or specific assets are left to Fairhaven.
Percentage Bequest
A percent of the estate is designated to Fairhaven.
Residuary Bequest
Fairhaven receives the remainder of the estate after specific amounts have been distributed to others.

These gifts can be earmarked for any purpose the donor wishes.

Fairhaven can also be included in your estate plan by naming the community as the beneficiary of a Certificate of Deposit (CD). When you set up a CD, you can name Fairhaven by using a beneficiary designation form. Just ask your bank for details.

7200 Third Avenue  |  Sykesville, Maryland 21784-5201
Job Hotline: 410.970.2030  |  Human Resources Fax: 410.970.2035

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