What type gifts can be made
to the Foundation?

Making a permanent gift to your favorite charity
may be easier than you think.
 

The Community Foundation welcomes and values gifts of any size to help support the ever-increasing community needs and to improve the quality of life in Huntington County. Many times, there is a misconception that philanthropy is only for the very wealthy – when in reality – nothing could be further from the truth. There are several ways to make a gift, each with its own distinct advantage. Gifts may be directed to agencies and organizations of choice and are often amplified through matching grants. The most important thing to remember is that gifts are given through the Foundation – not to the Foundation.

GIFTS OF CASH – A gift of cash is the simplest and most convenient way of contributing to the Huntington County Community Foundation. You may make a contribution of any size to any existing fund by writing a check to the Community Foundation. Cash gifts, whether in honor or memory of a loved one or to meet personal charitable wishes, help the Foundation grow and expand its support of the community. Gifts may also be made to an agency endowment or support a charitable organization close to your heart. The choice is yours.

APPRECIATED PROPERTY – A gift of appreciated stocks, bonds or real estate to the Huntington County Community Foundation may provide important tax benefits. The donor will receive a charitable tax deduction for the full value determined on the date of the gift, subject to a percent of income limitation, and will avoid capital gains tax.

BEQUESTS – Gifts of cash or property through a will are easily made and are free of estate taxes. The Huntington County Community Foundation may be named as the residuary beneficiary of an estate.

CHARITABLE REMAINDER TRUSTS – These trusts are arrangements between a donor, a trustee and the Huntington County Community Foundation. The donor transfers cash, property or highly appreciated securities to the trust and can take an immediate income tax deduction. The donor retains the right to its income or specifies who is to receive the income and at what rate. After the death of the last income beneficiary, the Community Foundation receives the remaining assets to meet the donor’s wishes by supporting their charity of choice.

LIFE INCOME GIFTS – These gifts will provide the donor and/or a family member with an income for life. The donor also receives a charitable tax deduction, as determined by the IRS regulations, and estate taxes are reduced. A Charitable Gift Annuity is an example of this type of gift. The remainder establishes the donor’s named charitable fund.

LIFE INSURANCE – A donor may name the Huntington County Community Foundation as owner and beneficiary of a new or previously existing life insurance policy. The donor will receive a tax deduction based on the cost or cash value of the policy whichever is less. Your continued premium payments on the policy are also tax deductible.

 
Your gift can help address changing needs in the community.

A gift to the community foundation’s Community Grants Unrestricted Fund generates income that is granted to the community for many charitable purposes.

Donors cannot know what charitable needs will exist in fifty years, but can be assured that their gift will help meet those needs.

Charitable donations can provide significant estate and gift-tax deductions and, if you give during your lifetime, the donations may reduce your income taxes as well.

Although tax benefits are often what are most touted about charitable giving, we know most donors give because they want to support a special cause.

We are happy to work with you and your professional advisors to make sure your gift achieves both your philanthropic dreams and the best possible tax benefits for you.