What are the financial and tax benefits of giving through CREATE Foundation?
CREATE offers you a number of important financial benefits through charitable giving. Because we manage many funds, administrative costs and service fees for your fund are minimized. Another important advantage is that the Federal tax code provides significant incentives for contributions to a community foundation. Please contact someone on our staff or your professional financial planner for more specific benefits based on your unique situation. Gifts to CREATE Foundation during your lifetime are deductible to the maximum extent permissible under current tax law. For gifts of cash, that’s 50 percent of adjusted gross income (and if in any year donations exceed the percentage limitations set by law, the excess may be carried over the next five years). There is also a considerable tax benefit for gifts of appreciated property. The full market value of such gifts to community foundations (long term capital gain property such as stocks and bonds, or real estate) is deductible up to 30 per
