What are the different ways donors may use in establishing a fund with Community Foundation?
• Cash – You establish your named fund with Community Foundation and write a check to it whenever appropriate. • Securities or Real Estate -You can give gifts of appreciated property – stocks, bonds or real estate that are worth more now than when you acquired them. You avoid capital gains tax, get the maximum tax deduction, and can even spread any surplus deduction over 5 years, if necessary. • Life Income Agreement – You establish a charitable trust which pays you, your spouse, and possibly even an heir, income for life. You get a tax deduction at the time of the gift, your gift and estate taxes will be reduced and the community will benefit when the remainder comes to the Foundation. • Life Estate Agreement – You can deed your home to Community Foundation now and retain the right for you and your spouse to live in your home for life. You get an income tax deduction now, a reduction in gift and estate taxes later, and the Foundation will receive your house at the survivor’s death to
