Ways to Give
Cash is the simplest way to establish a fund or give to an existing fund, and has significant tax benefits.
Wills & Bequests
Bequests offer varied ways of giving to the Foundation. Through an outright bequest in one’s Will, cash securities, or other property may be bequeathed. The taxable estate is reduced by the total amount of the charitable bequest.
Pension Plan Distribution
Giving part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or another tax-deferred plan, is an excellent way to make a difference in your community and received tax benefits. IRAs require that individuals take a distribution at 70 ½ - this can be easily rolled over into a fund at the Community Foundation.
Appreciated stock is a savvy way to give to the Community Foundation. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value.
Gifts of Life Insurance
If you are a donor who wants to achieve immediate tax benefits, you could consider irrevocably assigning an insurance policy to the Huron County Community Foundation. You will receive an immediate federal income tax charitable deduction in the year of the assignment. The value of the deduction is equal to the lesser of the policy’s replacement value or the cost, in terms of net premiums. Not only do you receive an immediate tax deduction and substantial estate tax savings later, but also the satisfaction of supporting your charitable interests. Any type of fund may be established with an insurance policy.
Real Estate & Property
Giving real estate through Huron County 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 interests and receive financial and tax benefits.
Gift of Grain
This vehicle was created to aid our agriculture partners who might have excess product they would like to donate. Through an account set up with Sunrise Cooperative, gifts of grain can be donated and the value will be given to the Community Foundation to a fund of the donors’ choice.
Charitable Remainder Trusts
A Charitable Remainder Trust provides life income for one or several income beneficiaries, such as the donor and the donor’s spouse, and leaves the remainder interest to the Foundation or designated beneficiary. Significant income and estate tax savings will result from this method of gifting.
Checks can be made payable to: Huron County Community Foundation
Please mail to: 12 Benedict Avenue, Norwalk OH 44857
Questions – Contact firstname.lastname@example.org // 419.621.9690