Ways to Give
Learn How You Can Make An Impact.
Please note, you may wish to consult with your professional advisor about the tax implications of your charitable contributions.
For a copy of our gift acceptance policy, please contact Philip A. Woods, Gift Planning Officer, at [email protected].
Ways to Give Now
A cash gift is the simplest way to create a fund or give to an existing fund. Cash gifts are fully deductible.
Gifts of appreciated securities (stock, bonds and most mutual funds) also provide tax advantages.
Learn More About Gifts of Stock
We can accept a gift of a house or other personal residence, farm, commercial building and income producing or non-income producing land.
When you name the Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.
You can turn your property’s value into community good by making a gift of real estate to York County Community Foundation. You can continue to live in and fully enjoy your home (or rental or vacation property) while giving the future ownership of it to the Community Foundation. This is called a Retained Life Estate. The gift of the “remainder interest” is a charitable contribution in the year the gift arrangement is made, which may result in a substantial income tax charitable deduction. When the life tenancy terminates, the Community Foundation becomes the owner of the property. The proceeds of the property’s sale may be used to establish a fund at the Community Foundation or be added to an existing fund.
If you are 70½ or older, rather than simply taking your IRA required withdrawal and paying taxes on it, you can direct your IRA administrator to distribute a gift from your IRA to a fund at the Community Foundation, tax free. Any amount you transfer counts against your annual required minimum distribution (RMD), and you can direct up to $100,000 each year.
You will pay no income taxes on the amount transferred.
Note: Because you are not claiming the transferred amount as income, you cannot claim the gift as a tax deduction.
Ways to Give Later
A charitable bequest enables you to retain control over your assets during your lifetime and support the community you love later. A charitable bequest can be a specific dollar amount, a percentage of an estate, or what remains after other bequests are made.
Learn More About Leaving a Bequest
Individual Retirement Accounts (IRAs) or other qualified retirement plans are often one of the best types of assets to leave to charity because they are taxed so heavily when left to heirs. When you leave retirement plan assets to the Community Foundation, 100 percent of the gift will be available to support your charitable interests. It’s as easy as naming the Community Foundation as the beneficiary.
Charitable Gift Annuity (CGA) or Charitable Remainder Unitrust (CRUT)
- Receive guaranteed income for life
- Benefit from an immediate income tax deduction
- Leave a legacy that supports your passion or community
Charitable Remainder Trusts
Payments are based on age: the older you are, the greater the annuity payment. If you choose, you can receive an income tax deduction now and defer receiving the annuity payments until a future date. After receiving annuity payments for life, the remainder interest may be used to establish a named charitable fund, or be added to an existing fund. The tax advantages of both a current and deferred annuity are two-fold. First, you receive an immediate charitable income tax deduction when you create the annuity. Second, a portion of the payments you receive may be treated either as a tax-free return of principal or long-term capital gains. These tax advantages increase the effective value of the annuity payments.
A charitable remainder trust offers you a great deal of flexibility. Payments may be made to you or another beneficiary for life, or a specified number of years. The income beneficiaries annually receive is an amount equal to a fixed percentage of the trust’s fair market value, or a fixed dollar amount. A charitable remainder trust may be set up during your lifetime or through your will. The eventual distribution to the Community Foundation will only take effect upon the death of the trust’s income beneficiaries, or at the end of the specified number of years. At this time, the remainder of the trust transfers to the Community Foundation.
Learn More About Charitable Gift Annuities