UNLOCK HOPE CAMPAIGN


THE NEED

The Harrelson Center has several critical issues to hopefully resolve as a result as the Unlock Hope Capital Campaign. 


One critical issue is the remaining uninhabited space where the prisoner cells were once located. Sitting vacant and unusable since the purchase of the building in 2004, the space continues to deteriorate and act as a burden to the thriving parts of the center. The center has had to turn down several potential nonprofit partners that could have greatly benefited from the use of this space and the center’s shared resources. Renovations will allow us to add partners, thereby expanding the services we are able to deliver to those in need in our community.


In addition to the urgent need for additional space, the center is in dire need of an HVAC upgrade and elevator replacement. Already a critical issue, expansion and growth in the facility will further increase the load to our current system. We hope to address these two major concerns at the same time as completing the renovations and expansion. These necessary expenses are a continued benefit to all of the partners we serve.


The final immediate need of this campaign is to increase the staff to adequately maintain all of the programming, maintenance and administration of The Harrelson Center. The current staff consists of one part-time executive director, one part-time public relations and special events coordinator, one part-time custodian, and an outreach coordinator who works a few hours a week to address emergency needs. All of these people put in extra hours on a regular basis, which are uncompensated. The workload is already at a maximum level, and will only increase as the center grows.

proposed solution & rationale

The Harrelson Center’s Long Range Planning Committee has worked to determine all of our partners’ current and future needs, our building and maintenance issues, and the most appropriate utilization of the remaining space. With the board’s approval, the committee hired the original architect to revisit the building and propose a comprehensive plan to address our urgent expansion needs. Those plans have been completed and estimates for the proposed work have been secured.


The Harrelson Center board strongly believes that it is time is to move forward with these renovation plans and upgrades while we have two current partners who are willing to move into that space and decrease the financial burden of the renovation. It is also prudent to get the unused space cleaned out and ready to accept new partners. The upgrades to the elevator and HVAC systems are necessary to support the renovations and to satisfy the current partners in the building. The center will remain stifled until this work is complete.



financing

Estimates to complete the renovation work required and to address inadequate equipment and staffing needs are as follows:

Phase I

  • Demolition and renovation to 4th floor to accommodate A Safe Place and Phoenix Employment Ministry, additional partners, shared conference room and replacement of original elevator. Estimated $1.5 million

Phase II

  • Renovation of old jail cell tower to usable space for new potential partners. Estimated $3.1 million
  • Replacement of old HVAC cooling tower system to adequately support existing partners. Estimated $250,000
  • Renovation and launching of collaborative emergency outreach program to serve clients of partners and referring organizations.
    Estimated $150,000

Unlock hope committee

We are so grateful for this group and their commitment to the Harrelson Center's future!


UNLOCK HOPE COMMITTEE:

  • Stephanie David
  • Brad Hudson
  • Laura Godwin
  • Brett Caines
  • Lillian Teer

ADVISORY COMMITTEE:

  • Claude Bridger
  • Bill Anlyan
  • Kimberly Exum
  • Carlton Fisher
  • Vicki Dull
  • Mike Queen
  • Bobby Harrelson
  • Lillian Smith
  • MaryJo Cameron
  • Nina McLean
  • Harry Williams

ways to give

There are a number of ways to invest to help expand the mission and reach. The information below is not exhaustive, but is meant to stimulate further inquiry. We would be pleased to work with you to determine the best way for you to make your investment. We also advise you to consult your financial planner before finalizing any gift. 


CHARITABLE GIFTS

•Tax deductible, if donor itemizes deductions

•Up to 50% of adjusted gross income can be deducted in any one year

•Excess can be deducted over the next five years

•Actual savings depend on tax rate

•The higher the tax rate, the greater the savings


Pledges

•Payable over a three- to five-year period

•Deductible in the year a payment is made


Matching Gifts

•Takes advantage of programs offered by many employers

•Leverages donor’s gift to a higher level


Appreciated Property

•If qualified as a long-term capital asset (a year and a day), property should be given outright

•Avoids payment of capital gains tax due if property were sold

•Deduction given for full value of property, limited to 30% of adjusted gross income

•Excess beyond 30%can be carried forward for five years


Property that has lost value

•Donor sells the property, takes loss for tax purposes, and contributes the cash received from the sale

•Deduction given from both the loss and the charitable gift


Real Estate

•Possible for donor to make gift of residence, farm, or vacation home, reserving right of occupancy as long as donor and spouse live

•Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest

•Assign directly to your organization or, preferably, transfer through broker

•Amount of contribution is fair-market value on the date of transfer


Closely-held Stock

•Produces a current tax deduction equal to fair-market value of the stock

•Corporation may redeem shares of the stock from your organization

•Could reduce liability for accumulated earnings tax


DEFERRED GIFTS

Charitable Gift Annuity

•Provides a fixed income for the lifetime(s) of one or two annuitants

•Amount paid determined by the rates recommended by the American


Council on Gift Annuities

•The older the annuitant, the higher the level of income

•Portion of gift and income are tax-deductible


Deferred Gift Annuity

•Offers increased income and tax benefits

•All basic features and benefits of a gift annuity

•Income delayed until a future date chosen by donor

•Rate of return and tax deduction dependent on length of income delay


Pooled Income Fund

•Operates much like a mutual fund

•Contributions pooled and managed by investment advisors

•Income paid to donor and second person, if desired, until beneficiaries are deceased

•Income fluctuates based on earnings of fund

•Immediate tax deduction for portion of gift

•Avoids capital gains tax, if appreciated securities are given

•Gifts to Pooled Income Fund are irrevocable


Life Income Trusts

•Trust assets are funds or property contributed by donor (usually $100,000 or more) Flexibility in type of property that can be donated

•Real estate and municipal bonds may be used

•Provides a fixed amount of income (Charitable Remainder Annuity Trust)

•Provides a variable level of income (Charitable Remainder Unitrust)


Charitable Lead Trust

•Donor provides assets for use for a limited period of time

•Funds are invested to provide income to your organization

•Assets returned to donor or to estate at end of designated period

•Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heirs

Wealth Replacement Trust

•Protects inheritance interests of heirs

•Contributes assets to your organization either outright or through planned giving vehicles

•Using resulting tax savings, donor purchases a life insurance policy with heirs as beneficiaries


Life Insurance

•Make your organization sole owner and beneficiary of paid-up policy

•Receive income tax deduction for the cash surrender value of policy

•If policy not fully paid, continue to pay premiums

•Receive tax deduction for annual premium amounts


Bequests

•Outright bequests, as well as certain bequests in trust, are not subject to estate taxes

•Actual cost is less than face value of gift because of tax benefits to estate

•Bequest can take any of following forms:

•Bequest of a dollar amount of particular securities or other property

•Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries

•Contingent bequest to take effect if other beneficiaries die before the donor

•A bequest can often be arranged simply with the addition of a codicil amending an existing will