Learn How to Give
Each one of us has the potential to impact a person, a cause, a community. Be the one to make a difference.
Whether you want to make a one-time donation or establish a permanent charitable legacy, virtually any asset can be used to turn your passion into action — making a positive impact on those most in need.
Cash
A check or credit card is the easiest way to contribute to a fund and may qualify for the highest level of charitable income tax deduction.
Cryptocurrency
You can make a charitable gift using cryptocurrency, which we convert to cash upon receipt. Donating appreciated crypto assets may also offer potential tax advantages.
Stocks & Bonds
Gifting appreciated stock that has been held for more than one year allows a donor to deduct the full fair market value on the date of the gift while avoiding paying capital gains tax.
Real Estate
Appreciated, mortgage-free property that has been owned for more than one year may be gifted to a fund. A qualified appraisal will be required to determine the fair market value for your charitable income tax deduction.
Life Insurance
Life insurance policies can be used to create a major gift at relatively low cost to the donor. If the Community Foundation is named as the owner or as a beneficiary of a new or existing policy, the donor may receive a charitable tax deduction.
Closely-held Business Interest
Shares of closely held business interest may be gifted to the foundation and can help minimize the tax implications that come with the sale of a business. Shares must be transferred prior to entering into an agreement with a potential buyer.
Individual Retirement Account (IRA) Qualified Charitable Distribution
A donor age 70 and a half or older may transfer more than $100,000 each year from an IRA to the foundation. The amount transferred does not generate a charitable income tax deduction for the owner, but the gift will count toward the annual required minimum distribution amount, with no taxes owed on the amount of the gift. A donor may establish a Designated Fund, a Scholarship Fund, or an Unrestricted Fund when applying this strategy.
Bequest Language for Donors and Professional Advisors
Gift Acceptance Policies and Guidelines
Giving Portal User's Guide
If more information is needed, please contact:
Jay Young
Vice President, Philanthropy
941-556-7178
jyoung@cfsarasota.org