ways to give
The Community Foundation offers a wide range of giving options to make it easy for you to establish a fund or contribute to one that already exists. Since we are recognized by the Internal Revenue Service as a public charity, you 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.
Give Now. Outright gifts through The Community Foundation can include cash, securities, real estate, life insurance or other assets.
Give Later. Planned gift options can include remainder gifts or life income plans. A life income plan is a charitable remainder trust or annuity that allows you to take an immediate tax deduction for your gift and also receive an income stream for life. Remainder gifts are assets left to The Community Foundation at your death, such as pension plans, life insurance or the proceeds from the sale of a house.
The tables below provide an overview of giving options. For more detailed information, download our Ways to Give document. To learn about The Community Foundation's policies - including our Gift Acceptance Policy - contact info@cfrrr.org.
Our staff is experienced in the use of these giving vehicles and is eager to discuss them with you or your advisor at any time.
| Outright Gifts | |
|---|---|
| Cash | Fully deductible up to 50 percent of the donor's adjusted gross income in any one year. Excess can be carried forward for up to five additional years. |
| Appreciated Securities (Stocks and Bonds) | Avoids capital gains tax on the appreciated portion of the gift. Full fair market value is deductible as a charitable contribution up to 30 percent of adjusted gross income. Excess can be carried forward for up to five additional years. |
| IRA Distributions | Since 2016, federal law allows donors to transfer up to $100,000 directly from traditional or Roth IRAs to one or more qualified charities such as The Community Foundation, free from federal income tax each year. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift. This provision typically allows eligible donors to exclude these transfers of IRA assets directly to public charities from their taxable income. |
| Life Insurance | If you name the Community Foundation as owner and beneficiary of a life insurance policy, you receive an immediate tax deduction that typically approximates the cash surrender value. Further premium payments are deductible as a charitable contribution. |
| Other Assets | You can contribute real property, mutual fund shares, limited partnerships or other business interests. |
| Life Income Plans | |
|---|---|
| Charitable Remainder Trusts | You receive a guaranteed income stream and an immediate tax deduction. After paying a lifetime annuity to you and your spouse, the remaining principal is transferred to your named charitable fund to accomplish your charitable goals. If you choose, you can receive the income tax deduction now but defer income until later. |
| Remainder Gifts | |
|---|---|
| Bequests | You can establish or add to your named fund through a bequest in your will or trust. |
| Pension Plans | Since a retirement plan produces taxable income and an heir must pay tax on disbursements, it can be an excellent asset to transfer to a charity. |
| Life Insurance | Insurance proceeds payable to the Foundation at your death will not be subject to federal estate taxes. |
| Other Assets | You can contribute real property, mutual fund shares, limited partnerships or other business interests. |