A Legacy Loan allows you to make an immediate impact, while keeping the flexibility to recall your funds if your circumstances change. Here’s how it works:

• Donors may contribute between $25,000–$250,000 (within IRS guidelines).
• The contribution can be recalled at any time with a 3 month notice.
• Because the loan is revocable, it does not provide an immediate charitable deduction, however, donors may choose at any point to convert the loan into a permanent gift, at which time it becomes tax-deductible.

This option is especially valuable this year as we make a once-in-a-generation investment in infrastructure that will serve families for decades to come. With a Legacy Loan, your gift today will provide homes, hope, and stability—while keeping your financial flexibility intact.

IRS Section 7872 ensures equitable treatment of below-market interest rate loans and generally requires an individual lender to report imputed income on any money loaned at below market. However, the IRS has provided an exception for individuals to make loans to nonprofits (qualified 501(c)(3)s) of up to $250,000 per calendar year.

If you would like to learn more, complete the request form below to contact Amie Fraley,  call 910-295-1934 x5, or use the email button . We can work with your financial advisor, and we also have a longstanding partnership with Jim Connell, FHAP, CSA with Connell & Associates who can assist with technical questions.