Ways of Giving

OUTRIGHT GIFTS                          

-Cash and Publicly Traded Securities
Contributions qualify for maximum deductibility because the Community Foundation is a public charity.

-Real Estate, Business and/or Other Personal Property
Gifts of appreciated property prior to sale are especially beneficial to the donor, as they may result in significant capital gains tax savings that would not be available after the sale.

-Closely Held Business Interests
Under certain circumstances, ownership interests are accepted from privately held companies that would include S corporations, limited partnerships and LLCs.

PLANNED GIFTS

-Charitable Remainder Trusts
This trust enables donors to provide a lifetime income for themselves or particular beneficiaries, such as a spouse, and leave the remainder of the estate to the Foundation.

-Charitable Lead Trusts
This type of gift names the Foundation as the beneficiary of income from a trust for a specified number of years. The corpus, or bulk of the trust, eventually goes to other named beneficiaries, such as children or grandchildren.  Properly structured, the transfer can significantly reduce inheritance taxes.

-Bequests by Will or Trust
Bequests of cash or property through a will or trust are usually fully deductible for federal estate tax and state inheritance tax purposes.  The Foundation may also be named as the residuary beneficiary of a donor's estate, or be named in a charitable remainder trust created by the will.

-Private Foundation Transfer
An efficient and cost-effective way for a private foundation or trust to make grants is to transfer all or some assets to the Foundation, yet retain the private foundation name and purpose.  In either case, you may establish a fund within the Foundation that retains the name and purposes of your foundation.  This also avoids the taxes imposed on private foundations and eliminates the cumbersome paperwork associated with the filing requirements.

-Supporting Organizations
This vehicle offers a donor or organization the opportunity of receiving the benefits of a public charity by affiliation with the Community Foundation.  It can be an attractive alternative to a private foundation for individuals.

-Life Insurance
By naming the Foundation as the irrevocable beneficiary of a life insurance policy, donors are entitled to an immediate tax deduction in the amount of the cash value of the policy.  Insurance premiums paid therafter by the donor are deductible as charitable gifts.