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Professional Advisor Services - Ways To Give

What Kinds of Gifts Can I or my clients Use to Establish or Add to a Community Foundation Fund?
 
Cash Gifts
This option is simple, fast and flexible.  All cash contributions offer an immediate income tax charitable deduction, which may be deducted up to 50% of your adjusted gross income.  Any unused charitable deduction may be carried over for up to an additional five years.

Gifts of Appreciated Assets
The donation of securities or real property can provide significant tax advantages.  The full market value of your gift can generally be deducted without recognizing any capital gains tax.  Contributions of appreciated property owned more than one year may be deducted up to 30% of your adjusted gross income.  Any unused charitable deduction may be carried over for up to an additional five years.  Please contact the Foundation for specific instructions on how to make a gift of appreciated assets.

Gifts of Other Assets
Persons may donate many types of assets and receive valuable tax deductions and savings.  Such assets include tangible personal property (collections, artwork, etc.), bonds, business inventory, etc.  Please contact the Foundation for specific instructions on how to make a gift of any asset as well as the potential tax benefits of such gifts.

Bequest by Will
A bequest can be a percentage of your estate, a specific lump sum of money or a piece of property willed to the Foundation, one of its endowment funds or your own named endowment fund.  In addition, the Foundation can be identified as the residual or contingent beneficiary of your estate.  Please contact the Foundation for sample bequest language that you may share with your attorney.

IRA or Qualified Plan
Retirement plan of IRA balances at death are subject to estate and income taxes - often resulting in up to 80 percent or more of the plan or IRA paid in tax.  Funding a charitable bequest with an IRA retirement plan prevents the bequest from being subject to such taxes.  Designating charity as beneficiary of your IRA or retirement plan is relatively easy.  Please contact the Foundation for specific suggestions on how to make such an important gift.

Charitable Remainder Trust
This planned giving strategy is ideal for donors who want to provide a life income for themselves, their spouse or children.  The tax benefits for this type of trust are substantial, including a current income tax charitable deduction, escape of capital gains tax and ultimate avoidance of estate tax.  Upon the death of the income beneficiaries of the trust, the remaining assets are donated to the Foundation, one of its endowment funds or your own named endowment fund.  Please contact the Foundation if you or your professional advisors would like to review sample trust forms or detailed illustrations tailored to your personal tax and financial position.

Charitable Lead Trust
With a charitable lead trust, the assets transferred to the trust (e.g., closely held stock, real estate, etc.) are eventually returned to the donor or, more typically, to the donor’s children.  Income is paid to the Foundation annually while the assets remain in the trust.  Such trusts can be created during the lifetime or at death with significant savings in gift or estate taxes possible because of the gifts to the Foundation.  Please contact the Foundation if you or your professional advisors would like to review sample trust forms or a detailed illustration tailored to your personal tax and financial position.

Charitable Gift Annuity
A gift annuity pays a fixed and guaranteed lifetime income for one or two lives, in exchange for a gift of cash, stock, or other property.  It offers a current income tax charitable deduction, as well as paying fixed and guaranteed income, some of which may be tax-free income.  Please contact the Foundation if your advisors would like a detailed illustration tailored to your personal tax and financial position.

Private Foundation Transfer
Private foundation transfers in which your family foundation, private foundation, trust or civic endowment transfers its assets to the Foundation, while your fund retains its name and purpose.