Leadership White County - 2014 Give Now
Ways to Give
Anyone can make a gift to any community foundation fund at any time. There is no
minimum contribution to existing funds, which offers great opportunity for everyday
people to strengthen their community through charitable giving.  If you desire, your
gift may be made in memory of or to honor a person, event, organization, or the
community at large.

Cash.  An outright gift of cash to WCCF – to support an existing fund or establish a
new one – is a simple and convenient way to make a contribution.  

Appreciated Securities.   Gifts of appreciated stocks, bonds, or other property are
extremely popular, particularly because they may provide significant tax benefits.   A
charitable gift of these assets, made directly to the Foundation (i.e. not passing
through your hands) generally will allow you to take a charitable deduction on your
income taxes for the full market value of the asset as of the date of the gift.  You also
may avoid significant capital gains taxes.  A gift of appreciated securities may enable
you to make a larger contribution to the Foundation at a reduced cost to you,
benefiting you, the Foundation, and your chosen charitable cause.

Bequest.   The simplest and most common way to leave a legacy is to designate a
specific gift amount or a percentage of your estate to WCCF.  Fund agreements to
benefit your selected charitable interests can be written and signed now, to take
effect upon your death; those agreements can be changed to address new
opportunities during your lifetime, if desired.  A bequest is a wonderful way to leave a
permanent legacy of your lifetime interests and values. “We are honored to welcome
donors who notify us of their bequest during their lifetime as members of our Legacy
Society.”

Life Insurance Policies.  Whether it’s a policy you already have but no longer need,
or a new policy you buy for the specific purpose of making a future gift to WCCF, life
insurance can be a very helpful gifting tool.  Depending on the gift arrangement, you
may receive an income tax deduction for the policy’s cash value and any premiums
you pay in the future.

Retirement Plan Assets.  Qualified retirement plans are very expensive assets to
pass on to our children:  they carry a significant income tax liability and can also be
eroded by estate taxes.  Naming WCCF as a beneficiary of your retirement plan may
reduce or avoid estate and income taxes, leaving less highly-taxed assets available for
your children and providing more for charitable causes in White County than you may
have thought possible!

For the past several years, Congress has provided a very beneficial tool for charitable
donors with Individual Retirement Accounts.  The IRA Charitable Rollover allows people
age 70½ or older to make tax-free gifts directly from their IRA to a public charity such as
WCCF, up to $100,000.  Such gifts are excluded from your gross income and can count
toward your minimum annual distribution.  This provision is in effect for 2012 and 2013;
future eligibility is up to Congress.

Real Estate.  Consider deeding your home or farm to WCCF now while retaining the use
and enjoyment of the property for your lifetime; you could receive an immediate charitable
tax deduction, and the value of your property or land would be removed from your estate.  
If you own real estate that has appreciated in value, a gift to WCCF may provide you with
immediate tax relief and support ~ and your gift supports your community…forever.

Charitable Remainder Trust.  A charitable remainder trust names the community
foundation as trustee and ultimate beneficiary of trust assets; you receive an immediate tax
deduction for the charitable gift, and the assets are removed from your estate, avoiding
potential estate taxes.  You, or someone you name, receives income from your gift for their
lifetime.  Upon the death of the life income beneficiaries, the remaining trust assets are used
to establish or support an endowment you have specified.

Charitable Gift Annuities.  Consider a gift that pays you back!  A charitable gift annuity is a
simple contract in which WCCF, in return for a gift of cash or other property, agrees to pay
you a fixed sum of money for your lifetime (to one or two people = the annuitants).  You
receive an immediate tax deduction, and a portion of the income received is tax free.  

Penny Per Bushel.  If you are a farmer with charitable interests, WCCF’s Share Your Harvest:
One Penny Per Bushel program can help you support the charities you care about and provide
tax benefits at the same time.  To receive tax benefits, gifts must be made directly from the
grain buyer to WCCF; call for information and enrollment forms.