TYPES OF GIFTS
Almost any asset can be contributed to the Community Foundation. While cash is common, publicly traded securities, closely held stock, real estate, life insurance, tangible personal property and private foundation assets can also be donated. Appreciated stock often makes a better gift than cash as the charitable tax deduction is based on the average stock value on the gift date and no tax is paid on the gain. The Foundation staff encourage you to consider other options such as bequests and planned gifts (charitable remainder or lead trusts, etc.). As a public charity, gifts to the Community Foundation qualify for the most favorable levels of tax deduction, with tax benefits exceeding those allowed for private foundations.
Legacy (Planned) Gifts
One of the best ways to ensure a better future for our community is to leave a community legacy gift through a will or planned gift. Contact our Foundation staff or consult with your professional tax advisor to identify which gift best fits your personal situation.