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You have a lot of flexibility
in making your gift in order to meet your specific
charitable goals and take full advantage of
the tax deductions. The gift options include:
Cash - Cash is
the simplest and most convenient way to contribute
to the SCVCF. Cash gifts qualify as a charitable
contribution for federal income tax purposes
and are fully deductible up to 50% of your adjusted
gross income in the year you make the gift.
Securities - By
transferring appreciated stocks or bonds to
the SCVCF you may completely avoid capital gains
tax, while securing an income tax deduction
for the full current market value of those securities,
equaling up to 30% of your adjusted gross income
in the year of the gift.
Andersen Stock Option
Plan - More
info
Real Estate - A
gift of real estate yields a deduction for the
full market value of the property and avoids
capital gains as in a gift of securities. You
may be able to retain the right to live in a
residence or farm which you contribute.
Life Insurance
- By naming the Foundation as the irrevocable
beneficiary of a life insurance policy, you
are entitled to an immediate tax deduction in
the amount of the cash value of the policy.
Insurance premiums paid thereafter are deductible
as charitable gifts.
Wills
and Bequests - Cash or property given through
a will is usually fully deductible for federal
estate and state inheritance tax purposes. The
Community Foundation can also be named as the
residuary beneficiary of your estate or be named
in a charitable remainder trust created by the
will.
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View Bequest Language
Charitable Remainder
Trusts - Provide lifetime income for yourself
or other beneficiaries and leave the remainder
of the estate to the SCVCF.
Charitable Lead Trusts
- You can name the Foundation as beneficiary
of income from a trust for a specific number
of years. Ultimately, the corpus, or bulk of
the trust, goes to other named beneficiaries,
such as children or grandchildren.
Private Foundation
Transfer - A private foundation can efficiently
and cost-effectively transfer all or some assets
to the Community Foundation, yet retain the
private foundation's name and purpose. Such
transfers offer tax advantages, flexibility,
administrative savings, quarterly reports and
automatic annual audits.
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