Ways to Give

Security, flexibility, and tax advantages are key to all contributions to the Community Foundation. Our staff will guide you through the process of establishing a fund, or directing your gift to an existing fund that is best suited to your charitable desires. You can be assured your donation will be utilized according to your philanthropic interests. The variety of fund options and giving methods available to you will provide flexibility in accommodating your charitable goals and meeting your tax and estate planning objectives.

Outright Gifts

Cash

Gifts of cash are often preferable for people who make smaller contributions. Whether your gift is in honor of a friend or loved one or to meet your personal charitable wishes, cash gifts help us support Switzerland County.

Securities

Contributions of securities are attractive to people who have held stocks or bonds for a long period of time, especially when the appreciation is so great that the capital gains tax would take a substantial portion of the value if they were liquidated. Gifts of appreciated securities enable you to make a significantly larger contribution than the original cost of the securities.

Real Estate
The Community Foundation can accept a gift of a house or other personal residence, farm, commercial buildings, and income-producing or non-income-producing land. A gift of real estate that you have owned for more than a year entitles you to the same federal tax advantages as those for gifts of securities- a tax deduction for the fair market value of the property- while allowing you to avoid paying capital gains tax.

Life Insurance
For those whose need for life insurance has decreased, making a gift of an unneeded policy can be a convenient and effective way of meeting your charitable goals. When you transfer ownership of a cash value policy to the Community Foundation, you become eligible for a charitable tax deduction based on its current value. A gift of life insurance can also be a part of your estate planning.

Retirement Plan Assets
For a gift through your estate, retirement plan assets are often the best to give because they are so heavily taxed if left to heirs. Income and estate taxes can easily consume over 65% of the account balance at death. By naming the Foundation as the remainder beneficiary of these assets, you can leave a very efficient legacy.

Personal Property
The Foundation will consider gifts of personal property, such as artwork and jewelry. This type of gift must be discussed individually with Foundation staff.

Bequest by Will

Naming the Foundation in your will or living trust is a popular way to support the community. Your estate receives a charitable deduction for the full amount given, so your heirs pay no estate tax. Sample bequest language may be obtained at the Community Foundation office.

Types of Bequests include:

Outright Bequest
You may bequeath a specific item, a specific dollar amount, or a percentage of your estate. We always advise our donors to consult with their advisors to determine the types of assets that are best given to charity and best given to heirs (such as income in respect of a decedent, or IRD assets, which include IRAs, interest on savings bonds and CDs, and other income earned).

Residual Bequest
You may bequeath the remainder of your estate to CFSCI after you have made inheritance provisions for your family and other heirs.

Contingency Bequest
You may bequeath a gift under certain terms or conditions, e.g., only if you outlive your spouse. Charitable bequests can be carefully designed to permit the most favorable tax treatment under a variety of circumstances.

Charitable Gift Annuity

Giving through a Charitable Gift Annuity allows you to arrange a generous gift to your community, while providing yourself (or a loved one) with a new income source you can count on for the rest of your life. We set up a contract with you that combines immediate annuity payments with a deferred charitable gift. You receive a stream of income that is fixed, regardless of market conditions. Upon your death, we set up a charitable fund on your behalf.

To learn more about ways you can give, contact us at 812-427-9160.

The information on this site is not intended as legal, tax, or investment advice. For such advice, please consult an attorney, tax professional, or investment professional.