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Cass County Community Foundation
(574) 722-2200
What to Give

What To Give

The foundation understands that contemporary philanthropists want to make their giving as simple and effective as possible. Joining forces with the CCCF offers the donor simplicity, flexibility and maximum tax advantages. Your investment will benefit from the Foundation's staff, experience, knowledge and resources. Our primary goal is to enable your gift to reach its potential - today and well beyond your lifetime.

The foundation welcomes inquiries and will gladly work with attorneys, accountants and financial advisors to meet your charitable goals. The following are the types of gift options to consider:

Cash Gifts - This option is simple, fast and flexible. You can set up a fund in your name with the Foundation and add to it whenever you choose. It can be an effective vehicle when you want your donation to make an impact on a specific cause during your lifetime. All cash contributions offer immediate tax deductions and may be deducted up to 50% of your adjusted gross income with any unused amount carried over for up to an additional five years. (Consult your tax advisor.)

Appreciated Property - When designated as a gift, the donation of securities or real property can often provide important tax advantages. The full market value of your gift can generally be deducted without recognizing income on the gain from your real cost. Contributions of appreciated property owned more than one year may be deducted up to 30% of your adjusted gross income with any unused amount carried over up to an additional five years. (Consult your tax advisor.)

Bequests - This gift alternative takes a variety of different forms. As an enduring symbol of your generosity, a bequest supports the changing needs of our community for generations. A bequest can be a specific lump sum of money willed to one of the Foundation's endowment funds or your own named endowment fund. It can also take the form of a percentage of your estate or a piece of property. In addition, the Foundation can be identified as the residual beneficiary of your estate, as the recipient of a specified gift, a contingent beneficiary or as the ultimate recipient of the assets of a charitable remainder trust. (Consult your tax advisor.)

Charitable Remainder Trusts - This planned giving strategy is ideal for donors who want to provide a life income for themselves, their spouse or children. The tax benefits for this type of trust are substantial. Upon the donor's death, the assets go to the Foundation and benefit the community for years to come. (Consult your tax advisor.)

Charitable Lead Trusts - Your estate can take care of you, your children and grandchildren when you establish a Charitable Lead Trust. A portion of your estate is entrusted now with the income going to your fund for a specified number of years. This avenue is an effective way to reduce estate taxes. When the income is needed by your family members, the trust is terminated and the assets are directed toward their benefit. The community has reaped the reward of your gift for the years that the trust was in effect. (Consult your tax advisor.)

Life Insurance - Many overlook the value of a life insurance policy later in life. It is actually a creative avenue for charitable giving and can be an inexpensive way to make a substantial contribution to the Foundation. Name the Foundation as the owner and beneficiary and you are entitled to a tax deduction equal to the value of the policy. (Consult your tax advisor.) Any future insurance premiums are also deductible as charitable gifts. The Foundation has a special life insurance program called Endow Your Legacy. (Consult your tax advisor.)

Private Foundations - Your private foundation can transfer all or part of its assets to the Community Foundation. Our staff will manage your funds and carry out your philanthropic vision. Your funds will benefit from our size and scope and you will enjoy reduced administrative costs, maximized giving and the knowledge that your foundation?s work will be recognized by future generations. (Consult your tax advisor.)

Retirement Plans - If you give to charities on an annual basis and are in the process of planning for your retirement, consider the many benefits of planned giving. A charitable bequest or IRA often turns out to be the best opportunity to give to worthy causes. A bequest on your behalf can prevent your IRA or qualified plan from becoming a liability to your estate, and the gift is made with pre-tax dollars. A careful plan could spare your family considerable estate and income taxes. (Consult your tax advisor.)