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Giving Assets & Timeframes

 

 
There are many ways of giving available to donors who wish to use the Community Foundation for their charitable giving. One advantage of using the Community Foundation to help your client accomplish their charitable goals is the variety of assets and vehicles that can be accepted or used to meet their needs. Whether they have assets they would like to give now, or a need for deferred or planned giving for the future, we can provide you with the information you need to advise your clients.

Many commonly-donated assets and vehicles are detailed below, and our staff is always available to answer questions about your client’s specific situation or particular asset. Contact Dirk Sonneborn to request a meeting, with or without your client present, to discuss particular questions or needs today. Dirk is also available by email or phone at 422-9538. Perhaps your client is interested in removing assets from an estate, avoiding taxes on capital gains, establishing a life income, preserving more of their estate for their heirs or providing maximum support for the causes that are important to them. The Central New York Community Foundation can assist you in helping your client with any and all of these cases.
Giving Now
If your client wants to give now, these assets may be most appropriate:
A gift of cash is the most popular way to give because of its simplicity. A cash gift of any size is welcome. You may give on-line or send a check or credit card payment in the mail.
Receive a deduction for the full fair market value and avoid paying tax on your capital gain.
Maximize value by avoiding income and estate taxes.
Name the Community Foundation owner and receive a deduction on the computed current value of your paid-up policy or premium payments.
Receive a deduction for the appraised market value, avoid capital gains tax, and redeem at new fair market value if you choose.
Receive a deduction for the appraised market value and avoid paying tax on your capital gain.

Please consult the Community Foundation to discuss this and other planned giving options in more detail.
Giving Later
A variety of planned giving options can help your client secure their charitable legacy, and in some cases to receive income for life.

Donors who have included the Community Foundation in their estate plans or have created a life income gift to benefit the Foundation qualify to become a member of our Legacy Society. If your client has already named the Community Foundation as a beneficiary in their will, qualified retirement plan, life insurance policy, trusts or pooled life income funds, please encourage them to let us know by completing our Legacy Society Information Form. For more information about making a Legacy gift, we invite you to contact Dirk Sonneborn by phone at 422.9538 or by email.
Receive a life income, determined by your age, in exchange for your charitable gift and qualify for multiple tax advantages.
Make a charitable gift from your estate with a simple bequest, as noted in your will.
Tailor a charitable lead or remainder trust to your unique philanthropic and financial objectives.
List the Community Foundation as a primary, secondary or contingent beneficiary of a life insurance policy.
Preserve the value of retirement funds and prevent your family from paying estate and income taxes by naming the Community Foundation as a beneficiary.
Make a generous charitable gift while retaining lifetime use of your property.

Want to talk about your client’s specific giving needs?
To learn more about any of these giving options, please call 422-9538 or email Dirk Sonneborn.