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Become A Donor
The Community Foundation helps donors from all
walks of life connect with, those in need and with the causes they wish to
support. Gifts large or small, made now or in the future, are carefully
managed in permanent endowment funds. Donors can be assured that their
gifts will be making a difference now and forever.
Gifts are pooled and prudent investment of the endowed funds,
allows charitable grants to be made from the investment income, while the
principal remains untouched. As a donor you can create your fund or contribute
to an existing one.
The Foundation acts as a vehicle to serve donors with varied interests at various levels of charitable giving.
We act as a link between those donors and the charitable agencies that can most effectively and efficiently
carry out the objectives and desires they have for their funds.
We offer maximum flexibility in terms of assets that can be used to create a fund, options for the use of
donor's gifts, and benefits to donors, such as involvement in the granting process and a lasting legacy in their name.
This webpage outlines a number of ways of giving to The Foundation. We invite you to review the suggestions and
find those that best suit your situation.
Before making a charitable donation the Foundation strongly advises donors to seek professional advice.
Personal and Planning Considerations
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Donation Options |
Minimum Amount Required |
Can you revoke the gift? |
Do you get income or use during lifetime? |
Subject to probate
|
Charitable tax credit available |
When can the Community Foundation use the gift? |
|
Cash |
None
|
No |
No |
No |
Now |
Immediately |
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Securities |
None
|
No |
No |
No |
Now |
Immediately |
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Bequest under a will |
None |
Yes, by changing your will prior to your death
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Yes
|
Yes |
After death in your final tax return or return for the preceding year
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After Death
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Insurance Policy
(Foundation is owner and beneficiary) |
None |
No. If you don't pay premiums, the Foundation can pay them, reduce death benefits, or cash in policy
|
No |
No |
Now and as you pay future premiums
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After death
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Insurance Policy
(Foundation is only beneficiary) |
None
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Yes. As owner of policy you can change the beneficiary of the policy
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Yes |
No |
Now |
Immediately |
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Real Estate |
Check with foundation
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No |
Yes |
No |
Now |
Immediately |
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Charitable Remainder Trust |
Check with foundation - enough to justify required legal/trust fees
|
No
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You can use property and receive all income generated |
Only if gift made under your will
|
Now, based on gift value adjusted for life expectancy |
After death of life tenant (income beneficiary) |
|
Gift of a Residual Interest |
Check with the Foundation
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No |
Yes |
No |
Now, based on gift value adjusted for life expectancy
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After Death
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