Outright Gift
You can make a gift of cash, stocks, bonds, real estate, or other assets to the Lincoln Community Foundation. Your charitable gift qualifies for an income tax deduction and could avoid capital gains tax. Gift of Real Estate
Making a charitable gift of real estate through the Lincoln Community Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the Lincoln Community Foundation, you can use it to fulfill your charitable interests while receiving financial and tax benefits. Gift of Life Insurance
Life insurance provides a simple way for you to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime. Gift of Appreciated Stock
Everybody wins when you make a gift of appreciated stock to the Lincoln Community Foundation. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction.
Return to Methods of Giving
2003 Council on Foundations and Community Foundations of America
Everybody wins when you make a gift of appreciated stock to the Lincoln Community Foundation. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction. Giving appreciated stock through a community foundation is popular among a range of givers – individual investors, families, entrepreneurs, and even groups of friends who have formed investment clubs. By giving stock through the Foundation, you can avoid capital gains taxes that would be due if you sold the stock, and the value of the stock can be used to establish a charitable fund that benefits the local causes and organizations you care about most. With gifts of appreciated stock, your stock market earnings translate into community impact, so you get a more rewarding return on your portfolio. You can set up a scholarship; support special programs for at-risk youth, senior citizens, or other people in need; address environmental concerns; or support the arts. Generating a return for your community.
Stock returns provided the means for giving to the community for Joanne and Gerald. That's why they joined the many people who have chosen to use appreciated stock to open a donor advised fund. Last year, the Joanne and Gerald Doe Fund supported a local family outreach program, a homeless shelter, and a local theatre group. Through past experiences, Joanne and Gerald discovered that some of their charities were too small to accept direct stock gifts. But by giving through the Lincoln Community Foundation, the barrier was eliminated. They received a tax deduction on the full market value of their appreciated stock, while avoiding the capital gains tax that would otherwise have arisen from sale of this stock. Joanne and Gerald have found that using the services of the Foundation is a simple, satisfying way to give.
2003 Council on Foundations and Community Foundations of America
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Life insurance provides a simple way for you to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime. You can make a gift when life insurance is no longer needed for personal financial wealth replacement by either giving a paid-up policy or continuing to pay premiums. You may receive a number of tax benefits, including reduced income taxes and estate taxes. And, if you choose to continue paying premiums through the Lincoln Community Foundation, you will be entitled to a charitable contribution deduction of up to 50 percent of your adjusted gross income. You can replace the dollar value of an asset transferred to the Lincoln Community Foundation with a life insurance policy. Or, you can use regular payments from a charitable gift annuity or charitable remainder trust to establish an irrevocable life insurance trust. The trust can purchase insurance on your life to benefit your heirs. This way, you can make a gift to the Foundation and replace the value of this gift within your estate with life insurance proceeds. A gift that pays.
When his two daughters were young, Zachary bought a life insurance policy to provide for his family in the event of his death. Now, he's 65, and things have changed. His daughters are both grown and doing very well for themselves, and over the years, he and his wife, Peggy, have become fairly comfortable – she will no longer need the death benefit from his policy. Zachary and Peggy support and volunteer for a youth mentoring program as well as the children’s museum. They've always planned to leave something for important community organizations when they pass. After talking with their financial planner, Zachary decided to give his life insurance policy to the Lincoln Community Foundation. After giving his policy, Zachary received a significant tax deduction. He and his wife had owned the policy for so long that they could choose to stop paying the premiums and maintain a sizable death benefit. The Zachary and Peggy Doe Fund will be established with the proceeds from the insurance policy to benefit youth development and other community organizations.
2003 Council on Foundations and Community Foundations of America
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Making a charitable gift of real estate through the Lincoln Community Foundation can help you turn your property gains into community good. Gifts of real estate range from personal residences and vacation homes to rental properties, farmland, and commercially developed land – the value of which may exceed that of any other asset you own. With the help of the Lincoln Community Foundation, you can use real estate to make a bigger charitable difference than you thought possible, avoid estate taxes, and minimize or eliminate burden placed on your heirs. You may choose to give real estate outright and receive an immediate tax deduction or retain the use of the property during your lifetime and make a planned gift to the Lincoln Community Foundation. You may also choose to convert real estate into a stream of income for the rest of your life by establishing a charitable remainder trust or charitable gift annuity with the Foundation. Doing this lets you transform a low-yield asset into a higher-yield, income-producing asset and claim a tax deduction for the charitable portion of the gift. A gift of real estate must be professionally appraised to establish its fair market value. It is also assessed for compliance with our acceptance policies to make sure its resale will provide the appropriate value to community. The Lincoln Community Foundation’s Gift of Real Estate Check-off Sheet can be found below.
Real charitable value.
Sandra and Cliff farmed for several years and had reached the point in their lives where they were ready to retire. The couple had no children interested in taking over the family farm, so Sandra and Cliff planned on selling the land and giving the proceeds directly to charity. But after talking with their professional advisor, they realized that selling the land outright would not create the biggest, most effective gift for charity since they would be required to pay taxes on the capital gains. Therefore, Sandra and Cliff decided to donate the land to the Lincoln Community Foundation to set up a charitable remainder trust. The donation of the land eliminated the need to pay the capital gains tax and provided them with a tax deduction. Plus, the trust will provide the couple with income for life. After both Sandra and Cliff die, the assets left in the trust will be used to create the Sandra and Cliff Doe Endowment Fund, which will be used by the Foundation to make grants to community programs, forever.
2003 Council on Foundations and Community Foundations of America
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