Cash
A cash gift is the easiest way to start a fund or make a gift to an existing fund. Cash gifts are fully deductible up to 50% of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Appreciated Securities
Gifts of appreciated securities (stocks and bonds, including stock in closely held companies) may be used to establish a fund. Such gifts often provide important tax advantages. The full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely held stock enjoy the same tax benefits as with publicly traded stock.
Estate/Will Designations
Naming the Community Foundation as a beneficiary in your Will is a simple way to make a lasting gift to your community. You can leave a gift to an existing fund or create your own. Speak to your professional advisor about your particular situation and work with our professional staff to make sure your charitable giving is carried out for many years to come. Click here for detailed information about planning your will.
People who commit to supporting our community forever through a gift from their estate/will, become part of the North Lee Community Foundation’s Legacy Society. Our Legacy Society is our way of acknowledging your commitment to the future of your community—today. Click here to learn more about our Legacy Society.
IRA Charitable Rollover
The IRA charitable rollover, or qualified charitable distribution (QCD), allows individuals age 70½ and older to make direct transfers of up to $100,000 per year to qualified charities, like the Community Foundation. Individuals do not have to count the transfers as income for federal income tax purposes and transfers may satisfy your required minimum distribution (RMD). An IRA charitable rollover is a way you can help make an impact in your community and benefit this year. The IRA Charitable Rollover is now permanent. Click here for more information about this charitable giving opportunity.
Real Estate
Making a charitable gift of real estate through the 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 Community Foundation, you can use it to fulfill your charitable wishes and receive maximum tax benefits.
Gift of Grain
By giving a gift of grain, you avoid including the sale of the grain in your farm income. Deducting the cost of growing the crops typically results in saving self-employment, federal, and state income tax. And you can still benefit even if you take the standard deduction rather than itemizing your deductions.
Creating a fund with us is simple, takes little time, and allows you to create a legacy that will live on forever. Our professional staff handles all of the administrative details allowing you to focus on impacting your community.
The Donor Advised Fund
A Donor Advised Fund offers you a flexible and easy-to-establish vehicle for charitable giving.
IRA Charitable Rollover
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
Life Insurance
Life insurance policies can be used as charitable gifts. If you name the North Lee Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution. You can then work with the Foundation to determine how the proceeds of your insurance policy can be used for charitable endeavors in your areas of interest.
Retirement Plans
Double taxation on retirement plan withdrawals decreases their value for your heirs. Consider providing other assets to heirs and naming the Community Foundation as the beneficiary of your retirement accounts. You can save taxes and preserve your hard-earned assets for the good of your community. Click here to learn more about gifts of retirement assets.
Trusts and Other Giving Vehicles
If you have questions about Charitable Gift Annuities, Charitable Remainder Trusts, Charitable Lead Trusts, or other giving vehicles, please call us – we would be happy to discuss them with you.
Additional GIVING
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The Legacy Society & Planned Giving
You may be looking for a way to make a significant gift to help further our mission A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.
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