Non-cash Gifts

Securities

Gifts of appreciated securities (stocks and bonds) may be used to establish a fund or add to an existing fund. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely-held stock enjoy the same tax benefits as with publicly traded stock.

Personal Property

Gifts of real estate or other forms of personal property often allow a donor to make a substantial contribution while receiving valuable income tax advantages.  Generally, a donor may deduct the fair market value of the gift up to 30% of his or her adjusted gross income with a five-year carryover for any excess.  More importantly, the capital gain from the donated asset passes tax free to TCF.

Life insurance

Life insurance policies also can be used as charitable gifts. If you name The Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution.

Other Non-Cash Gifts

Stock in privately held companies, limited partnerships, company stock options (not employee stock options), personal property, and other unique resources may be excellent assets to contribute.  Please contact a member of our Donor Services team if you would like to receive more information.