How can you fuel my fund?

"The community foundation is an organization to give money through, not an organization to give money to."

George Bennett
Former President, NCCF

Ways To Fuel Your Fund

Cash

When you give to a charity, you give cash. You write out your check and that is that. Couldn't be a better way. . . right?Here's one. You establish a fund in your name with the community foundation and write out a check to it whenever you can afford to. The fund has great flexibility and gives you immediate and maximum tax deductibility. Only the income generated by the money you contribute needs to be distributed. Or, you can ask that we periodically make charitable distributions in your name. We provide you with the necessary documentation of your gift to the community foundation for your annual report to the Internal Revenue Service.

Securities

You have realized that with your appreciated securities, you can be more philanthropic than you thought possible. But to attempt to use your stocks or bonds for your charitable gifting could be difficult.Instead, you donate your securities to a fund in your name, receiving the maximum tax deduction for their full market value. And if the amount is larger than you can use in one year, you can carry the surplus as deduction over the next five years. The charities you support will all receive cash. So everyone benefits.

Will or Living Trust

You are ironing out the details of a new will or creating your first living trust. You have taken care of all the essential details, assigned sentimental possessions, and provided for relatives. What you would also like to do is leave something behind that could make a difference in the lives of others.You provide that any remaining assets go to a charitable fund in your name. You can let us know now, if you like, and we would appreciate the opportunity to honor and thank you or you can keep your plans private. Either way, your fund will forever continue to do good work in your name, a living symbol of your caring and generosity. It will also significantly reduce the taxes otherwise payable by your estate.

Life Insurance

You have been paying premiums on life insurance for years. and now the protection it offered earlier is really no longer needed. The policies have some value, and you would like your community to benefit.You donate the policies to a fund in your name. You receive an immediate tax deduction, usually in an amount close to the cash surrender value. The fund will continue to grow over time, and much good will be done in your name.

Gifts From An Estate Or Trust

As the executor or trustee of a will, you are to allocate a certain amount of money to charity. But either the organizations and amounts are not named, or the task of carrying out the charitable provisions has provided burdensome.You set up a charitable fund with us in the name of the person who died, and arrange to have the charitable portion of the estate paid to the fund, with the approval of the court if necessary. Once accepted, the fund would be fully qualified to receive its charitable provisions. We have handled many complex bequests to charity.

Real Property

You own residential or commercial real estate which has grown substantially in value. Now, you are thinking about using the value of his real estate to further your philanthropic goals.You donate all or part of the ownership of your real estate to the community foundation. After carefully evaluating your particular property, the community foundation will advise you on how best to contribute the property. Either the income or sale proceeds from the property establish a permanent fund.

Business Interests

You own a substantial interest in a privately held business. Perhaps this is one of your larger assets. You are interested in converting some or all of those assets to support philanthropic purposes.Your contribute part or all of your ownership. The community foundation sells this ownership back to the business, to a family member or to another purchaser. The proceeds from the sale create a permanent fund. The community foundation helps evaluate the property, qualify the sale and focus your philanthropic goals