We offer a wide range of gifting options and vehicles that you can use to make gifts to the Community Foundation and to establish a charitable fund. Since we are recognized by the Internal Revenue Service as a public charity, donors are provided with the maximum tax benefits allowed by law. Once your fund is established you can add to it at any time and in any dollar amount.
We'd be happy to talk with you and your financial advisor about these opportunities in person. If you have questions about becoming a donor, please call us at 864-233-5925 or e-mail Bob Morris or Gina Blohm.
A check is an easy and convenient way to support worthy causes through the Community Foundation. Donors may claim a tax deduction of up to 50% of adjusted gross income in any one year when deductions are itemized, with any excess carried forward for an additional five years.
Appreciated securities donated to the Community Foundation are deductible at their full market value up to 30 percent of adjusted gross income each year when deductions are itemized. Any excess may be carried forward five additional years. The Community Foundation will liquidate the securities and no capital gains tax is paid on the appreciated part of the gift. Securities that can be accepted include publicly traded stocks and bonds, closely-held stock, restricted stock, partnership interests (including family limited partnerships), and mutual funds.
The Community Foundation can accept personal residences, farms, commercial buildings, and undeveloped land. Property owned for more than a year will qualify for a deduction based on the fair market value of the property and avoid payment of capital gains tax. The deduction is limited for real property that is subject to a mortgage or loan.
Bequests are one of the easiest ways to give to the Community Foundation because donors retain complete control over the assets during their lifetime. Bequests can be a specific dollar amount, a percentage of the estate, or the residual that remains after all other bequests are made. Bequests may be made as an unrestricted gift to the Community Foundation to be used as directed by the Board. Bequests may also be made to an existing fund or to a new fund to be established by the gift in the donor's name. Bequests to the Community Foundation are excluded from assets for estate tax purposes. Sample language for a bequest by a codicil to your will can be found here.