Ways to Give

CASH +

A cash gift is the simplest way to establish a fund or give to an existing fund. Cash gifts are fully deductible up to 50% of the donor’s adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years. Checks can be made payable to Community Foundation Partnership, Lawrence County Community Foundation, or Martin County Community Foundation.

SECURITIES +

Gifts of appreciated securities (stock, bonds and most mutual funds) also provide tax advantages. If you have held the securities for one year or longer, the current value generally is tax-deductible up to 30 percent of your adjusted gross income, with a five-year carryover if the gift amount is more than the 30 percent limit.

REAL ESTATE +

We can accept a gift of a house or other personal residence, farm, commercial building and income producing or non-income producing land. A gift of real estate you have owned for more than a year entitles you to a tax deduction for the fair market value of the property, and you avoid paying capital gains taxes.

LIFE INSURANCE +

When you name the Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.

Bequests +

A bequest in a will is one of the simplest and most popular ways to leave a legacy for the benefit of your community and for future generations. Through a bequest, a donor can detail the purpose of their giving by choosing to give to an existing fund within the Community Foundation or by establishing a named fund with its own defined purpose. A new fund can be established through an estate gift (minimum amounts apply). As an alternative, some donors prefer to start a fund during their lifetimes. It allows them to begin seeing the impact of their giving and serves as the named repository of their future planned gift.

Sample General Bequest Language +

I hereby give, devise, and bequeath to the [insert county name] Community Foundation, a partner in the Community Foundation Partnership, Inc. __ (describe dollar amount, percent, fractional interest, or property).

To designate a specific endowment fund or other use, add the following: It is my desire and instruction that this bequest to the Community Foundation be used for the following purposes: ___ or be designated for the ___ Fund.

To include a residual bequest add: If any one or all of the named beneficiaries do not survive me, then I hereby give the share that otherwise would be (his/hers/theirs) to the Community Foundation.

Legal name: Community Foundation Partnership, Inc. Federal ID number: 35–1889139

Important: Please contact the Community Foundation Partnership office when you choose to name the Community Foundation as a beneficiary of a planned gift. By doing so, we can ensure that the charitable intention of your gift is able to be fulfilled and extend an invitation to participate in our Legacy Society.

Life Income Plan +

The Community Foundation can administer charitable remainder unitrusts and annuity trusts, both of which pay lifetime income to your named beneficiaries.

Remainder Annuity Trusts +

Provides income for life and tax benefits. Flexible funding options are available.

Unitrust Gifts +

Meet your legacy goals with a flexible life income gift. Various funding options are available.

Charitable Lead Trusts +

Freeze the taxable value of your appreciating assets: use them to make a gift to a fund at the Community Foundation today and then pass them on to family members later

IRA Rollovers +

Naming the Community Foundation as a beneficiary of your retirement funds, such as an IRA, 401k or 403b, is a simple and effective way to benefit the community while avoiding significant, often unanticipated tax penalties. Your retirement plan is tax-deferred only until death. The remainders of these assets are subject to multiple taxes, if left to an individual other than your spouse. Donating retirement accounts can reduce or eliminate these taxes completely while allowing you to make a significant impact on the community.