A cash gift is the easiest way to create a named fund or add to an existing fund at the Community Foundation. Up to 50 percent of your adjusted gross income can be deducted in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years. Cash gifts can be made with a check, wire transfer or a national credit card.
Gifts of appreciated securities, (bonds, mutual funds and stock), may be used to establish a fund or add to an existing fund. You can deduct the full market value of your charitable gift up to 30 percent of your adjusted gross income. Deduction amounts exceeding this limit may be carried forward for up to five additional years. Making a gift of appreciated securities allows you to avoid the capital gains tax on the appreciated portion of the gift.
You may contribute property you own to the Community Foundation. Real estate gifts are an ideal way to attain a level of giving you might not have previously considered possible. By donating real estate, you receive the maximum tax deduction allowed by law and avoid capital gains tax on a sale.
Confirmed in Compliance with NationalConfirmed in Compliance with National