Whether you are a family looking to create a legacy or a nonprofit seeking to secure your future, we offer a variety of giving tools to help you achieve your charitable goals.
Most of our funds require only a $10,000 initial deposit of cash, securities, real estate or other property. There are two ways to give to the Foundation – immediate or planned gifts – and there are several methods by which to contribute these gifts.
Immediate gifts include cash, securities, real estate or other property. Planned giving options include bequests, charitable gift annuities, trusts and beneficiary gifts. Each of these choices offers various financial and tax benefits. We recommend you speak with your financial advisor to discuss what options are best for you.
- A cash gift is the easiest way to create a named fund or add to an existing fund at the Community Foundation.
- Gifts of appreciated securities — bonds, mutual funds and stock — may be used to establish a fund or add to an existing fund.
- A donor may contribute owned property to the Foundation. Real estate gifts are an ideal way to attain a level of giving a donor may not have previously considered possible.
- Bequests are gifts left to the Community Foundation in an estate. Many donors who may be concerned about their future finances choose a bequest as a way to positively influence the future of their community after they are gone.
- If the Community Foundation is named as the owner and beneficiary of an existing or new life insurance policy, the donor receives an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by a donor thereafter will be deductible as a charitable contribution.
- A donor can name the Community Foundation as the beneficiary of individual retirement accounts, 401(k)s and other retirement programs. Many donors are using this option because people tend to work later in life and have saved more than enough in retirement benefits.
- A charitable gift annuity allows a donor to arrange a generous gift to the community, while providing a new income source he or she can count on for the rest of his or her life.
- Trusts can be very simple, or they can be as complex as necessary to meet our donor’s financial, charitable and personal goals. Charitable lead trusts provide income to the Community Foundation immediately and for a period of years, after which the property reverts to the donor. A charitable remainder trust allows a donor to receive an income for life.