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Through a generous grant from the  Professional Advisors Committee, the Foundation partnered with Clark Howard to fulfill the Christmas wishes of 25 children in foster care. 

Benefits to Donors

Simplicitiy: There is no set-up fee to create a fund and minimal paperwork is required.

Flexibility: All fund types can be tailored to meet donor needs and interests.

Donor involvement: Donors can choose the level of involvement in grantmaking from their fund.

Tax benefits: CFNEG is a public charity under federal tax law: gifts made during a donor's lifetime may result in in important tax advantages.

Professional Management: In addition to an experienced staff, CFNEG's assets are invested by outstanding financial management firms.

Ways to Give

The Community Foundation for Northeast Georgia strives to be flexible in meeting the needs and interests of donors. We work with individuals, families, corporations, nonprofit organizations, foundations and financial advisors to create funds with the terms and conditions to carry out desired charitable intent. Gifts may be made during one’s lifetime or through a bequest or trust. 

 

Give Now:

Since we are recognized by the Internal Revenue Service as a public charity, donors are provided with the maximum tax benefits allowed by law. Once your fund is established you can add to it at any time and in any dollar amount.

 

Cash

A check is an easy and convenient way to support worthy causes through the Community Foundation.  Gifts of appreciated property avoid any capital gains tax. Outright gifts can include cash, publicly or closely traded securities, tangible personal property, real estate, insurance and retirement assets.

 

Securities

Appreciated securities donated to the Community Foundation are deductible at their full market value up to 30 percent of adjusted gross income each year when deductions are itemized.  Any excess may be carried forward five additional years. The Community Foundation will liquidate the securities and no capital gains tax is paid on the appreciated part of the gift.  Securities that can be accepted include publicly traded stocks and bonds, closely-held stock, restricted stock, partnership interests (including family limited partnerships), and mutual funds. The holdings of a donor-advised fund in a busines enterprise, together with the holdings of persons who are disqualified persons with respect to that fund, may not exceed any of the following:
 

  • Twenty percent of the voting stock of an incorporated business
  • Twenty percent of the profits interest of a partnership or joint venture or the beneficial interest of a trust or similar entity 
  • Any interest in a sole proprietorship

Donor-advised funds receiving gifts of interests in a business enterprise have five years from the receipt of the interest to divest holdings that are above the permitted amount, with possibility of an additional five years if approved by the Secretary of the Treasury. 

 

Real Estate

The Community Foundation can accept personal residences, farms, commercial buildings, and undeveloped land.  Property owned for more than a year will qualify for a deduction based on the fair market value of the property and avoid payment of capital gains tax.  The deduction is limited for real property that is subject to a mortgage or loan.

 

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.

 

Give Later: 

Every gift, no matter the size, is important. You can make a significant impact on our community forever, regardless of your walk of life or income level. By leaving a gift to the Community Foundation through a will or estate plan, you are assured the causes you love continue to receive support.

 

Bequests

Bequests are one of the easiest ways to give to the Community Foundation because donors retain complete control over the assets during their lifetime.  Bequests can be a specific dollar amount, a percentage of the estate, or the residual that remains after all other bequests are made.  Bequests may be made as an unrestricted gift to the Community Foundation to be used as directed by the Board.  Bequests may also be made to an existing fund or to a new fund to be established by the gift in the donor's name.  Bequests to the Community Foundation are excluded from assets for estate tax purposes.

 

Individual Retirement Accounts & Retirement Plans

Donors may designate the Community Foundation as the beneficiary of IRAs and retirement plans.  These assets are some of the best to leave to charity because there is no estate tax or income tax due as the gift will qualify for a charitable deduction.  These same assets includable in the donor’s estate or left to heirs may be taxed at a cumulative rate of over 65%.  The only document required to make this change is a beneficiary form which is available from the trustee, custodian or plan administrator.  The donor retains access to all the funds during their lifetime.  The donor may specify the gift unrestricted or to establish a special fund in the donor’s name at the Community Foundation.

 

Charitable Remainder Trusts (CRT)

A charitable remainder trust pays the donor or a beneficiary designated by the donor to receive regular income payments for life or a specified trust term (up to 20 years) and whatever remains will be transferred to the Community Foundation.  The donor receives an immediate charitable tax deduction for the present value of the gift in the year the gift is made.  The CRT can be structured to pay fixed income or income that varies with the value of the trust.  A CRT is useful for securities and real estate that have appreciated in value but earn little income since the assets the trust can be sold and reinvested without incurring capital gains tax.  The remainder of the trust paid to the Community Foundation may be specified as an unrestricted gift or used to establish a new fund in the donor's name.

 

Charitable Lead Trusts (CLT)

A charitable lead trust pays annual payments for the donor's life or for a specified number of years to a fund established at the Community Foundation.  The annual payments may be fixed or may be variable based on the value of the trust.  When the trust terminates, the trust principal is distributed to family or others designated by the donor as the beneficiary.  A CLT can be established during life or through a will.  A Charitable Lead Trust shelters investment earnings from tax and offers gift, estate, and generation-skipping tax benefits.  For example, trust assets are removed from the donor's estate for estate tax purposes.

 

Insurance Gift

This type of gift allows use of insurance proceeds to be designated to a charitable giving program. A policy given outright provides the donor with a charitable deduction equal to the cash surrender value of the policy, and any donor-paid premiums are deductible. CFNEG can also be named as a contingent beneficiary under an insurance policy.