The Community Foundation of the Lowcountry’s professional staff works closely with you to review your philanthropic wishes and the assets you’d like to use to achieve those goals. Such assets may include:
Cash Gifts Currency, checks or money orders made payable to the Community Foundation of the Lowcountry are common donations, as are Credit Card Gifts.
Appreciated Property Gifts of appreciated securities or real estate often allow you to make a substantial contribution while receiving valuable income tax advantages. Generally, a donor may deduct the fair market value of the gift up to 30% of their adjusted gross income with a five-year carryover for any excess. Most importantly, the capital gain from the donated asset passes tax free to the Community Foundation.
Deferred Gifts When you include the Community Foundation in your estate plan, you make a charitable gift, enjoy tax benefits, and preserve economic security for yourself and your family.
Private Foundation The board of a private foundation may transfer its assets to the Community Foundation to establish a donor advised fund or supporting organization. The private foundation may retain its name and philanthropic goals with no tax or penalty on the transfer. Click here to learn more about this option.
Other Gift Types Additional gifting choices include stock in privately held companies, limited partnerships and company stock options, with the exclusion of employee stock options. Personal property and other assets may also be excellent contributions. Please contact the Community Foundation for information regarding these gift opportunities.
When I was in my graduate program in counseling, my instructors all were on a first-name basis with the students. Instead of Professor Jones, it was Bill. Instead of Dr. Bradley, it ... MORE>