Gifts of Cash are most popular for many people who make contributions to the Foundation. Whether your gift is to meet your personal charitable wishes or in honor or in memory of a friend or loved one, cash gifts help the Foundation grow and expand its support of Porter County.
Appreciated Securities are an attractive gift for 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 significant portion of the proceeds upon liquidation. Gifts of appreciated securities enable you to make a larger contributions to the Foundation at reduced cost to you, thereby benefitting you, the Foundation and ultimately the community.
Gift Annuities are a simple way to make a charitable gift. Cash or appreciated securities are given to the Foundation and the donor receives income for life. In addition to an immediate tax deduction, a portion of the income received is tax free.
Life Insurance Policies that you no longer need can make a significant gift while you receive a current income tax deduction for the cash value and any premiums you pay in the future. You may also use a new policy to create a fund with the Foundation to endow your annual giving to favorite charities upon death.
Bequests are an easy way to provide support through the Foundation. Specific bequests in your will or testamentary trust are exempt from estate tax.
Charitable Remainder Trusts offer a triple advantage. You receive an immediate tax deduction for a charitable gift; the assets are removed from your estate avoiding future estate taxes; and you, or someone named by you, can receive a lifetime of income from your gift to the Foundation.
Charitable Lead Trusts can be established naming the Foundation and other charities as beneficiaries of a specified percentage of income from a trust for a specific number of years. Ultimately, the residual value of the trust reverts to other named beneficiaries, such as children or grandchildren.
Retirement Plan Assets may be a particularly effective way to fund a charitable bequest. Depending on the size of your estate, income and estate taxes may consume a large portion of this asset. Naming the Foundation or a Charitable Remainder Trust as the beneficiary for all or some of the assets remaining in your plan at your death can substantially reduce or eliminate your tax liability.
Charitable IRA - Through 2011, retirement assets may become a preferred charitable gift for seniors. IRA distributions to charity can now receive new tax advantages. Americans age 70½ and up can make tax-free IRA contributions to public charities such as the Porter County Community Foundation...more
