 |
| Different types of assets can be used to establish your fund to support the arts ...or another charitable interest of your choice. |
The Connecticut Community Foundation accepts a wide variety of assets as gifts.
Cash
To give cash, make your check payable to the Connecticut Community Foundation.
Appreciated Securities
By giving appreciated stock or shares in a stock mutual fund, you can avoid the capital gains tax on the appreciation. In most instances, you can deduct the full fair market value of the stock for income tax purposes. For life income gifts, you can turn asset with little or no yield into a fixed annual income.
Closely-Held Stock
A gift of closely-held stock can be a good choice for both the donor and the company.
Real Estate
Do you have investment properties you would no longer like to maintain? Or perhaps it's time to sell your home. When you donate commercial or residential real estate to Foundation, we sell it and use the proceeds to establish a new charitable fund in your name or add to an existing fund. As a tax-exempt public charity, the Connecticut Community Foundation can sell appreciated property without incurring capital gains taxes. More of the proceeds will support your favorite cause than if you sold the property yourself.
The Foundation can accept:
- Primary Residences
- Vacation Homes
- Apartment Complexes
- Duplexes, Condominiums
- Commercial Office Buildings
- and other types of real estate.
Retirement Fund Assets
Do you have retirement plan assets such as 401(k) or Keogh plans? As part of your estate, these assets may be heavily taxed. You can avoid these taxes and support a good cause of your choice by naming the Foundation as the plan beneficiary.
Life Insurance
By assigning a life insurance policy to the Foundation, you can make a substantial gift to your own charitable fund at the Foundation with small, annual, tax-deductible contributions to cover the life insurance premiums.
Personal Property
Turn your collectibles or other personal property into income-producing assets with a charitable remainder trust. Your personal property is sold by the trust -- without paying a capital gains tax-- and the proceeds are invested in assets that provide you with an annual income. You can get paid to give!
Contact Ann Merriam Feinberg and your financial advisor for more tax-wise ways to give back to your community.
|
