Ways
to Give
The basic appeal of the Community Foundation
to donors is flexibility. There are a variety of tax-effective
ways to give gifts and donors can recommend how their charitable
gifts will be used. The Community Foundation can be a shield of anonymity
or the spotlight that shines on a special cause. Each method
of giving benefits from the most favorable tax treatment the
law allows for contributions.
You can donate to an existing fund or establish a fund (minimum amounts required) by contributing assets including:
Cash: A gift of cash is the easiest way to contribute and
may qualify for maximum allowable income tax deductions.
Marketable or Closely-held Securities: If marketable or closely-held
securities are highly appreciated, they may be given so the
donor can deduct the full fair market value as a charitable
contribution and thus avoid capital gains tax on the appreciation.
Include the Community Foundation in Your Will or Living Trust: A bequest of cash, securities or real property can significantly
reduce the taxes otherwise payable by your estate. Your heirs
benefit and the fund continues your good work in your name
permanently, a living symbol of your care and concern for
others.
Transfer an Existing Private Foundation:
Administering a private foundation under IRS rules can be
burdensome and expensive. The Community Foundation provides
professional and cost-effective ways of administering these
funds well into the future and at the same time, fulfill your charitable desires.
Utilize Retirement Plan Assets: A donor
can contribute retirement plan assets [401(k), Keogh, 403(b)] to
the Community Foundation for purposes the
donor has specified. Also, retirement assets combined with
charitable remainder trusts and life insurance trusts can
be a valuable way of maximizing benefits from retirement plans.
Charitable Gift Annuities - The Community Foundation
offers competitive rates to residents of the state of Indiana
who give current gifts but retain a lifetime income. A portion
of these gifts may be tax-deductible and income is guaranteed.
For more information, read about Charitable Gift Annuities on our Web
site, or for a detailed profile that
fits your situation, contact the Community Foundation at 260-426-4083.
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