“The need for local organizations is even stronger than ever. More people are asking, ‘What can I do myself, and who can help me?’ PAREI is the answer to help create a more sustainable life for your family and ultimately our communities.”
Now is the perfect time to become a PAREI member and take meaningful action for the future of our communities.
Become part of our community that is driving real progress for tomorrow.
When we act together, we can harness the power of us!
A gift of stock, bonds or mutual funds that you have owned for more than a year can be a particularly good giving option. If you sell this stock, you will pay a capital gains tax on any increase in its value. By giving stock to PAREI, you avoid tax on the gain. In addition, your charitable contribution deduction is equal to the full fair market value of the stock.
To send information securely regarding stock gift transactions, please have your broker contact:
New England Private Wealth Advisors, Strategic Advisor, Client Service Lori Cagney | lori.cagney@nepwealth.com
Our account information to complete the transfer is:
Account Name: Plymouth Area Renewable Energy Initiative AKA PAREI | 5863-2390 Corp.
Federal Tax ID Number: 20-0789969 | PAREI is a qualified charity, 501(c)3
Broker: DHK Financial Advisors | Clearing Number: 0164, code 40
Individuals and organizations may make one-time or monthly gifts to PAREI online via plymouthenergy.org/donate or via mail. Checks can be made payable to PAREI and mailed to: P.O. Box 753, Plymouth, NH 03264.
You can name PAREI as a beneficiary of your individual account (IRA), Keogh plan, 401(k), 403(b) or another qualified pension plan. PAREI can be designated as a beneficiary of part or all of what remains in your retirement account. The proceeds of these plans are distributed outside of probate and are free from federal estate tax. Other assets to consider might be a life insurance policy or bank/brokerage account.
In addition to naming PAREI as a beneficiary, if you are 70 ½ or older, you can make a tax-free distribution from your Traditional or Roth IRA. It is a smart and efficient way to support the causes that matter to you most. You can make a gift of up to $100,000 and may receive federal tax savings. If you are under 72 or still working, there may be additional tax consequences. Also consider PAREI for a portion of your annual minimum required distribution. Please contact us before making a gift to ensure your donation is accurately recorded.
A Donor-Advised Fund (DAF) is like a charitable investment account that is set up for the sole purpose of supporting charities. Individuals can contribute cash, stocks, or other assets into the DAF and receive an immediate tax deduction. Those funds are invested for tax-free growth and the individual can recommend donations to charities of their choice over time. Using a DAF, you can recommend grants to qualified public charities such as PAREI. A donor-advised fund gives you the flexibility to recommend how much and how often money is granted to PAREI. The New Hampshire Charitable Foundation houses many DAF’s and can work with you to establish a fund.
PAREI can accept land gifts in the New Hampshire Electric Cooperative (NHEC) area for potential New Hampshire Solar Shares use for community-funded solar arrays to provide solar energy credits on NHEC electric bills for low-income families.
One of the easiest ways to give is through your will or Revocable Living Trust. You can name PAREI as the beneficiary of specific assets, a portion of your estate or your residual estate after payment of other bequests. Bequests are free from federal estate tax and can offer substantial tax savings. There is no limit on the amount you can leave to charitable organizations through your will. This will be a gift that costs nothing during your lifetime but ensures a bright future for PAREI’s mission.
If you wish to name PAREI in your will or estate plan, or designate us as a beneficiary of your retirement accounts or life insurance, please name us as:
Plymouth Area Renewable Energy Initiative (PAREI) is a non-profit organization that exists under the State of New Hampshire laws and is located at 300 Main Street, Plymouth, NH 03264. Tax identification number: 20-0789969
If you have already named PAREI in your will or trust, please let us know so that we may welcome you. Requests for anonymity will be honored.
On Wednesday morning March 11, 2020, we lost our long-time board member and friend Carl McNall to cancer. Carl walked into our lives in 2006 when he learned that there was a hands-on group in Plymouth putting solar thermal systems on each others’ homes. Carl went on to host the first solar energy raiser in Sandwich in 2007 at his and his wife Milan’s home. From there he volunteered his leadership, plumbing and electrical skills at dozens of energy raisers in Sandwich and the Plymouth area through to PAREI’s last one in 2016. Carl served as board president and a board member for 13 years frequently citing his grandchildren’s future for his reasons for wanting to see our world transition to renewable energy. He was the constant voice of reason, a rock for our staff to lean on and had a smile and a sense of humor we will all sorely miss.
With the support of Carl’s family, the PAREI board of directors named the organization’s endowment fund the “Carl McNall Endowment Fund” so his passion for advancing the adoption of solar energy will live on in his memory.
Non-Profit Federal Tax ID#: 20-0789969