Current Gifts
If you're ready, it's easy to create a fund now. You may contribute any of the assets noted below to establish a fund or to add to any of the Foundation's more than 1,200 permanent funds (including your own, if applicable).
Whatever you have in mind, our professional development staff is available to help you review your alternatives and establish the fund that makes the most sense for you.
If you prefer to create a fund in the future, please see Deferred Gifts and/or Life Income Gifts.
Assets to establish - or add to - a fund now:
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Cash A cash gift usually is the easiest to give, and it is deductible up to 50% of the adjusted gross income you report on your federal income tax. If the amount of your gift exceeds the 50% limit, you may carry over the remainder for up to five years. Cash gifts must be made in U.S. dollars and delivered by check or wire transfer, the latter which requires advance instructions from the Foundation.
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SecuritiesA gift of securities (stock, bonds, and most mutual funds) also provides tax advantages. If you have held the securities for one year or longer, the current value of the securities generally is tax-deductible up to 30% of your adjusted gross income, with a five-year carryover if the gift amount is more than the 30% limit. Also, if your securities have appreciated, it is to your advantage from a tax perspective to gift them to the Foundation rather than sell them and contribute the proceeds to the Foundation. Learn more about gifts of securities.
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Real EstateThe Foundation will accept, on a case-by-case basis, gifts of real estate unencumbered by a mortgage and appraised at $250,000 or more. As part of the acceptance process, a qualified appraisal, environmental assessment, and preliminary title report are required.
A gift of real estate you have owned for more than one year may qualify for a tax deduction of the property's full fair market value. You also would avoid capital gains taxes that would be due if you sold the property yourself.
Real estate often is used to fund a charitable remainder trust. For more information, see charitable remainder trusts in the life income gifts section.
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Other Assets
Other assets also may be contributed. If you are at least 70 1/2, you may wish to make a gift from your IRA. Please contact us about prospective gifts including limited partnership interests and closely-held or restricted stock. |