Sky

How do your Clients benefit from

the Community Foundation?

Organized Charitable Giving:

  • One tax receipt for all charitable gifts.

  • Regular reports reflecting the charities gifted to and gift amount.​​

 

Charitable Gifts Advantages:

  • As part of year-end tax planning, establishing a Donor Advised Fund allows for an immediate tax deduction and the flexibility to support multiple organizations for years to come.

  • With the sale of a business, structuring a charitable gift of stock before a company is sold into a Donor Advised Fund reduces capital gains and increases charitable deductions.

  • Using appreciated stock to establish a Donor Advised Fund may allow you to be eligible for a tax deduction at the fair market value of appreciated stock and avoid capital gains tax.

 

  • Your qualified charitable distribution (QCD) allows you to deduct your required minimum distribution on your tax return by giving the money to a named charity through CFNF. By lowering your adjusted gross income, the QCD rule can effectively reduce your income taxes.

 

Receive Maximum Tax Advantages:

  • Gifting with appreciated assets to escape capital gains tax.

  • By giving larger amounts in good income years, you can shelter income and then give grants out to charities over time.

  • Investing charitable dollars allows for giving more away.

  • Reduce current income tax obligation and removes assets from an estate thereby reducing future estate tax liabilities by establishing a fund.​

 

  • Consider bunching your donations into one of two tax years, it's possible to reduce your combined year one and two income tax liability by increasing available aggregate deductions. The standard deduction for married taxpayers filing jointly is $24,000 ($12,000 for individuals filing single).

Establish Generational Giving:

  • Perpetuate giving beyond one's lifetime.

  • Include children and grandchildren in philanthropy.

  • Support for a single charity or multiple charities.