What can you do to help?

We invite the entire community to personally contribute and invite others as well, so we can quickly reach the critical level of $2.5 million. Contributing to this fund provides you the best avenue to support your Temple and Cultural Center in a secure, robust and perpetual manner. For those who immigrated here, Hampton Roads is our home away from home. The temple is there for us for religious and cultural occasions, our private as well as community functions. It has given us a focal point to meet other like-minded people and make new friends. It is a place where our children come to play, learn about and experience their cultural heritage and enjoy the vibrant festivals. It also serves as a meeting place for our parents under Jeevan Sandhya Mandal. We ask you now to be generous with your donations in making our Temple and the cultural center strong and financially secured. Let us leave a legacy for the future generations!

How I can contribute ( See Founder’s Challenge Form and Legacy Gift form)

1. Write a check to “NFS FBO India Heritage Foundation fund” . India Heritage Foundation or IHF must be written in the “memo” section of the check. The check can be given to any Board member OR directly mailed to IHF, 3235 Academy ave, #305 Portsmouth, VA 23703. Please fill up IHF-Renaissance contribution form with your check.

OR use link below for Credit card payments.

 

2. You can use your credit card or automatic bank account deduction.

I will like to donate to India Heritage Foundation $ *

Amount: *
First Name: *
Last Name : *
Address : *
City : *
State : *
Zip/Postal Code : *
Phone number : *
Email : *
Yes *
I agree that I am making tax deductible donation and I will give written notification to India Heritage Foundation if I want to cancel my monthly donation. All donation are tax deductible to the extent allowed by law.




3 Mailing a check: write check to India Heritage Foundation and mail check to 3235 Academy Ave, Suite 305, Portsmouth, VA 23703.

4. Contact any India Heritage Foundation or Temple Board member for any other forms of donations such as stocks, will, property and life insurance policy.

5. Legacy gifts: See attached form and contact any India heritage foundation board member.

  1. Make out your check to “Renaissance Charitable Foundation,Inc.”
  2. Make sure to write “India Heritage Foundation” on the memo line of
    your check.
  3. Complete a Contribution Form to ensure your contribution is
    properly credited to IHF and you receive an acknowledgment
  4. Mail your check and the completed Contribution Form to:

Renaissance Charitable Foundation Inc.
India Heritage Foundation
6100 W. 96th St., Ste. 105
Indianapolis, IN 46278

You may also wire funds to Renaissance Charitable Foundation
Inc. using the following wire instructions:
ABA Routing Number: 021000021
Bank Name: JP Morgan Chase Bank, N.A.
Bank Address: Indianapolis, IN
Account Holder: Renaissance Charitable Foundation Inc.
Account Number: 7079-98415
For Further Credit To: India Heritage Foundation

IMPORTANT! To ensure your wire transfer is properly credited to
IHF and you receive an acknowledgment be sure to complete a
Contribution Form and fax it to Renaissance Charitable Foundation
using (877) 736-4624 (fax)

Yes, if the property has appreciated in value since you acquired it
A gift of appreciated property offers two significant benefits to the
donor:

1. Assuming the property is transferred to the charity (rather than sold
and the cash proceeds contributed), the donor avoids including the
appreciation in the donor’s taxable income

2. The donor is allowed to claim the value of the property as a deduction,even though the donor never paid income tax on the appreciation

Note: Virginia does not allow a state deduction against income for charitable contributions
3. A contribution of appreciated property removes the appreciation from the donor’s taxable estate

Note: Virginia does not impose a state estate tax
Consider this example:

John’s current year taxable income for the current year is $510,000
before taking into consideration a planned gift of stock valued at
$50,000. John’s tax on $510,000 of taxable income is $148,713.*

If we assume that John purchased the stock for $20,000, here is the
consequence to John if he sells the stock and contributes the $50,000
cash proceeds:

Value of the Stock: $ 50,000
Less: Cost Basis of the Stock (20,000)
Taxable Gain on Sale 30,000
Plus: Other Taxable Income 510,000
Total Taxable Income Before Charitable Deduction 540,000
Less: Deduction of contribution of Cash (50,000)
Total Taxable Income $490,000
Tax on Total Taxable Income* $135,153

*Assumes married filing joint, plus a tax rate on ordinary income = 39.6%; tax rate on
gain = 20% long-term capital gain tax rate plus 3.8% net investment income tax rate

However, were John to contribute the stock in-kind, the result would be:

Total Taxable Income Before Charitable Deduction $510,000
Less: Deduction of contribution of Stock (50,000)
Total Taxable Income $460,000

Tax on Total Taxable Income* $128,913

The result is that John saves $6,240 in additional tax by contributing
the stock instead of selling the stock and contributing the proceeds.

If the securities you wish to contribute are in a brokerage
account, then provide your broker with the following transfer
instructions:

DTC #0352
For JP Morgan Clearing Corp.
For further transfer to the account of Renaissance Charitable
Foundation Inc.
Account 739-43197
Tax ID# 35-2129262

IMPORTANT! To ensure your securities transfer is properly credited
to IHF and you receive an acknowledgment be sure to complete a
Contribution Form and fax it to Renaissance Charitable Foundation
using (877) 736-4624 (fax)

To contribute Marketable Securities you hold in certificate form, please do the
following:

Send the certificates via registered mail to Renaissance Charitable Foundation Inc. at

Renaissance Charitable Foundation Inc.
India Heritage Foundation
6100 W. 96th St., Ste. 105
Indianapolis, IN 46278

Please do NOT endorse the stock certificate, leave the back of the certificate blank and don’t endorse it.

IMPORTANT! To ensure your stock gift is properly credited to IHF and you receive an acknowledgment be sure to complete a Contribution Form and mail it to the address above along with the stock certificates.

Separately, in a second envelope, send us one stock power for each stock certificate via regular first-class mail.

You may download a stock power form or obtain stock powers from the RCF website at http://www.rcgf.org/documents/Stock-Transfer-Form.pdf. Be sure to sign the power exactly as you’re listed on the face of the certificate.

When you fill out the stock power form(s), please leave the assignment blank to facilitate our selling the
shares. You will need to sign each form and fill in the description of the stock.

Enclose a dated letter which identifies the stock and includes your signature as your name appears on the face of the stock certificate and/or stock power.

If your mutual funds are held by your broker or banker, or are in certificate form,
please use the procedure for Marketable Securities previously explained.

If your mutual funds are held by the fund company, you may write a dated letter to the fund, indicating your account number and instructing them to transfer the
shares to:

Renaissance Charitable Foundation Inc.
Tax ID# 35-2129262
Attn: India Heritage Foundation
6100 W. 96th St., Ste. 105
Indianapolis, IN 46278

Your letter should be signed and your signature guaranteed by your broker or banker.

Enclose a copy of your latest statement if possible.

•Send your letter by certified mail (and return receipt requested if you would like to have proof of its delivery).

IMPORTANT! To ensure your mutual fund gift is properly credited to IHF and you receive an acknowledgment be sure to complete a Contribution Form and mail it to the address above along with a copy of your letter to the mutual fund company.

If you would like to make a gift of Real Estate, please contact
Renaissance Charitable Foundation Inc. at (866) 803-0389.
Please ask to speak to Steve Birt who will assist you in scheduling a teleconference to discuss your gift with an officer of the Renaissance Charitable Foundation Inc.

The Foundation must conduct additional due diligence prior to accepting a gift of Real Estate. If you wish to make such a gift, please allow time to complete this process when making your plans.

A separate gift agreement is required for gifts of Real Estate.

If you would like to make a gift of Shares in a Small Business, please contact Renaissance Charitable Foundation Inc. at (866)803-0389. Please ask to speak to Steve Birt who will assist you in scheduling a teleconference to discuss your gift with an officer of the Renaissance Charitable Foundation Inc.

The Foundation must conduct additional due diligence prior to
accepting a gift of Shares of a Small Business. In addition, the
Foundation will need to review various legal documents related
to the business. If you wish to make such a gift, please allow
time to complete this process when making your plans.

A separate gift agreement is required for gifts of Shares in a
Small Business.

If you would like to make a gift of Collectibles or other Personal Property, please contact Renaissance Charitable Foundation Inc. at (866)803-0389. Please ask to speak to Steve Birt who will assist you in scheduling a teleconference to discuss your gift with an officer of the Renaissance Charitable Foundation Inc.

The Foundation must conduct additional due diligence prior to
accepting a gift of Collectibles. If you wish to make such a gift,
please allow time to complete this process when making your
plans.

A separate gift agreement is required for gifts of Collectibles.

To remember India Heritage Foundation in your will, ask your
attorney to use language substantially similar to the following:

I do hereby give and bequeath the sum of $__________(OR__________ percent of the rest, residue and remainder of my estate) to Renaissance Charitable Foundation Inc., an Indiana not-for-profit charitable corporation, to be added to the India Heritage Foundation Restricted Fund, to hold, manage, invest and reinvest the same, collect the income therefrom and make disbursements in accordance with the India Heritage Foundation Restricted Fund Agreement and the policies of Renaissance Charitable Foundation Inc.
in effect from time to time.

What Can I Contribute to India Heritage Foundation?

You can contribute:

  •  Cash
  •  Marketable securities
    •  Stocks, exchange traded funds (ETFs), and bonds
  •  Mutual fund shares
  •  Real estate*
  •  Shares in a small business*
    •  For example a medical practice
  •  Collectibles or other personal property*
  • You may also remember India Heritage Foundation in your will or living trust