Types of Foundation Gifts

 

  • Cash – A one-time gift of cash is tax deductible to the extent allowed by law.
  • Pledge – A pledge is a commitment to give a gift at pre-determined times. A pledge can be made at any time, and paid monthly, quarterly or annually.
  • Security – A gift of stocks, bonds or other securities involves transferring the asset to the charitable service. This gift provides a tax deduction equal to the fair market value when the gift is delivered.
  • Tangible Assets – A gift of tangible assets is transferring to the charitable service, property such as real estate, artwork, vehicles, etc. These assets may be fully tax deductible at appraised value.
  • Life Insurance – A gift of life insurance involves naming the charitable service as the beneficiary of a paid-in-full policy, or in a new policy where the premiums may be tax deductible.
  • Charitable Trusts – A charitable trust involves placing assets in a trust and naming a charity as the eventual recipient of the assets. Interest income is paid from the trust to the donor or donor's named beneficiary (e.g. spouse, children).
  • Charitable Gift Annuity – A charitable gift annuity involves exchanging an asset for guaranteed, fixed interest income for the rest of your life.
  • Bequests – A bequest involves transferring assets to a charity through a will.