Reconciliation legislation is back in play, and while it includes a few tax provisions (e.g., adding a corporate minimum tax and eliminating the carried interest tax break), the proposed... Read More
Your Charitable Choices
There are many types of assets donors can give to begin their charitable fund. Each philanthropic opportunity offers different financial and tax benefits. Your financial advisor or a member of our team can assist with identifying the right charitable choice for you.
Cash A check or credit card is the simplest type of charitable gift.
Stocks, Bonds, Mutual Funds Allows you to avoid the capital gains tax on the appreciated portion of the gift.
Life Insurance Transfer ownership to the Community Foundation and receive a tax deduction for the policy's cash value.
Real Estate Gift property you own and receive the maximum tax deduction allowed by law as well as avoid capital gains tax on the sale.
Charitable Bequest Continue your impact on the community after your lifetime with a gift left in your estate.
Charitable Trusts A charitable lead trust or charitable reminder trust provides tax savings while allowing a significant gift or income for a charity.
Life InsuranceTransfer ownership to the Community Foundation and receive a tax deduction for the policy's cash value.
Retirement Account Assets & IRAs Naming the Foundation as the beneficiary of a retirement account allows you to save taxes and preserve your hard-earned assets for the good of your community.
Common Events That Provide Opportunities For Giving:
Selling a business, house, or other major assets
Estate planning, especially for individuals without heirs
Starting a nonprofit or private foundation
Leveraging equity in a closely held family business
Teaching family members about philanthropy
Preparing for retirement
Honoring a loved one after their passing