Why do we need your help?

TEAM’s management and support cost is less than 10 cents on every dollar! Programs receive funding from a variety of sources including federal and state funding. Programs often must face the challenges of the demand for services without any additional funding, and in some cases, funding reductions. Donations from the community help to ease this burden.

The following are ways in which individuals, organizations or corporations can donate to TEAM to help us continue our mission of helping those in need:

Corporate Giving

Corporate General Giving

• TEAM welcomes both monetary and in-kind donations of any size to be designated as a general gift or to support the program of your choice.

Corporate Partnerships

• Corporate partnerships can include good and services (such as computers, preschool books, gift baskets for homebound elderly or toys for annual toy drive) and corporate lending of employees (income tax preparers for our Volunteer Income Tax clinic which provides free tax preparation to long income Valley residents).

Individual Giving

TEAM, Inc. offers many opportunities for individual volunteering or gift-giving throughout the year, including taking advantage of outright or deferred planned giving options No gift of time, funds, or goods is too large or too small in support of our continued mission to improve the quality of life in the community we live.

Planned Giving

Careful planning of your gift to TEAM, Inc. can help maximize the benefits to you and to the organization. Federal income, estate, and gift tax laws encourage individuals and their families to make gifts to charity by offering tax savings, credits and deductions. The following are some ways that you can make a significant gift to TEAM, Inc. and take advantage of these tax savings.

Outright Gifts

If you make an outright gift to TEAM, Inc. of cash, appreciated securities, real estate, or personal property, and your total deductions exceed your maximum permitted federal deduction for one year, you can claim the excess as deductions on your federal tax returns in the five subsequent years. Below is an explanation of the tax benefits for making the following gifts:

A. Cash Gift - The full amount of a cash gift, up to 50 percent of your adjusted gross income, can be deducted for income tax purposes in the year that the gift is made.

B. Gifts of Appreciated Securities - If you donate appreciated securities to TEAM, Inc., you can avoid capital gains tax on the difference between the price you paid for the securities and their current market value the date the gift is made. You can also deduct the current market value of your securities gift, up to 30 percent of your adjusted gross income.

C. Gifts of Real Estate - If you donate appreciated securities to TEAM, Inc., you would be credited with a contribution valued at the fair market value of the real estate, which is ordinarily ascertained by a real estate appraiser.

Deferred Gifts

A. Bequests - Gifts by will, whether in the form of cash, securities or other property, may be fully deducted in determining federal estate taxes and inheritance taxes.

B. Life Insurance - Donors who no longer require the protection of life insurance policies acquired years ago, may realize immediate tax savings by transferring them to TEAM, Inc. and naming TEAM, Inc. as the irrevocable beneficiary. An alternative is to take out a new policy, naming TEAM, Inc. as the owner and irrevocable beneficiary.

For more information about TEAM’s giving programs, please contact TEAM’s Vice President of Development Diane Stroman at (203) 736-5420 ext. 1234.

If you would like to provide a donation, please mail checks to the Administrative Office located at 30 Elizabeth Street, Derby, CT. 06418 If you would like your donation designated to a particular program, please indicate the program you wish your dollars to support.