PAREI is a 501(c)3 non-profit focused on building a resilient community for all through sustainable energy, local food, economic growth, and healthy living. For over 20 years, we have had a strong history of problem solving and creating effective community solutions for a brighter future. A planned gift is one of the most impactful ways you can support our community resiliency efforts and our mission to work together as neighbors to live more sustainably.
Ways to Make a PAREI Gift
Cash Gifts
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.
Stock Gifts
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:
DHK Financial Advisors, Manager of Client Services Lori Cagney | lori@dhkfinancial.com
Our account information to complete the transfer is:
Account Name: Plymouth Area Renewable Energy Initiative AKA PAREI
Federal Tax ID Number: 20-0789969 | PAREI is a qualified charity, 501(c)3
Broker: DHK Financial Advisors | Clearing Number: 0164, code 40
Donor-Advised Funds
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.
Land Donations
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.
Estate Gifts
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.
How to Name PAREI In Your Estate
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:
The 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
Retirement Plans
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.
IRA Distribution
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.
Gift Usage
PAREI uses gifts to support our efforts in the areas of sustainable energy, local food, economic growth, energy equity, and healthy living unless you specify otherwise. If you would like to designate your gift to a particular program such as NH Solar Shares, Local Foods Plymouth, Farm-to-Community Food Share, or the Carl McNall Endowment Fund, please let us know.
PAREI staff are available to discuss your plans and assist you in making your gifting as easy as possible. Please contact us: Executive Director Denise Hutchins, denise@plymouthenergy.org, 603-536-5030.
plymouthenergy.org | nhsolarshares.org | localfoodsplymouth.org
P.O. Box 753, 300 Main Street, Plymouth, NH 03264
This information is intended to provide a general overview of gift options. PAREI cannot render tax or legal advice, and this information is not intended as such. Because of the complexity of estate planning, it is also important that you consult a qualified advisor to assess the financial, legal and tax benefits for your situation.