Liquid gifts are accepted in cash, credit card, debit card, or PayPal. We also can receive long-term holdings on publicly traded securities. Donating appreciated securities allows for an immediate tax deduction for the total market value and exempts you from capital gains taxes.
Stock, bonds, mutual funds, annuities, and real estate are examples of gifts falling under this category. Donating a complex asset can result in an income tax deduction equal to the gift's fair market value and an exemption from capital gains taxes on accrued gains.
Legacy gifts are a planned giving strategy that can either provide tax advantages currently or at a later date. Your Community Foundation offers the following deferred giving options:
· Bequest in a will or living trust
· Donation of life insurance: either as a current gift or through a future beneficiary designation
· Charitable remainder trust charitable beneficiary designation
Should you currently donate to a private foundation, you have the option to convert your fund into a fund with Your Community Foundation. Your fund’s name and purpose can remain unchanged while enjoying lesser administrative fees and compliance burdens.
YCF - Legacy Gifts (pdf)
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Your Community Foundation
PO Box 44 Iola, Kansas 66749, United States
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YCF is a non-profit 501(c)(3) organization EIN #43-1923000
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