Giving

Cash

The simplest way to make a gift to the Foundation, either to an existing fund or to create a new fund, is with cash. Cash gifts may be fully deducted for federal income tax purposes, up to 50% of your adjusted gross income. Contributions above that limit may be deducted for up to five successive tax years.

Appreciated Securities

Gifts of appreciated securities (stocks and bonds) offer a double tax advantage to you. First, you avoid the capital gains tax that would have been imposed if you sold the securities yourself, and, secondly, you can take an income tax deduction. Most donors can deduct the full fair-market value of appreciated stocks and bonds up to 30% of their adjusted gross income, with a five-year carry over period.

Other Appreciated Assets

You can also make gifts of other types of appreciated assets, such as closely held stock, real estate, jewelry and works of art. Such gifts will require special review by the Board of Trustees of the Foundation. For example, gifts of real estate may be acceptable if the real estate is readily marketable and free from environmental or other problems. Contact the Foundation early in your planning process to discuss gifts of closely held stock, real estate, or other appreciated assets.

Some of the children of the Ashland Child Development Center are obviously very happy with the new freezer made possible by contributions to The Foundation.

Ramey-Estep boys got a taste of real-life fatherhood through "Baby, think it over," a program made possible through the Foundation.

Your giving options include:

Bequests

Establishing a fund at a community foundation through your will is a popular planning technique, which may result in estate tax savings. You may designate the Foundation as a beneficiary of your estate to receive a certain dollar amount or to be the residuary or contingent beneficiary. Your attorney may want to consult with the Foundation regarding proper wording for bequests.

Life Insurance

Life insurance provides several options for giving. You may choose to name the Foundation as a beneficiary of your existing policy. You may also donate an existing, paid-up policy, and in turn, you will get an immediate tax deduction for the gift, usually equal to the policy's cash surrender value. Another option is to take out a new insurance policy naming the Foundation as owner and beneficiary. Your annual payments to the Foundation to pay the premiums are fully deductible as a charitable contribution.

Click here to contact us about making a gift to the Foundation.