Outright
Gifts
Outright gifts are immediate contributions that provide direct support to a community foundation fund.
Why Make
Outright
Gifts?
Immediate Impact
Outright gifts provide immediate resources that the foundation can use to address urgent needs and support ongoing programs.
Tax Benefits
Donors can receive tax deductions and potentially limit capital gains tax exposure, enhancing the financial benefits of their charitable giving.
Simplicity and Convenience
Outright gifts are straightforward to arrange and can be executed quickly, making them a convenient option for donors.
Versatility
These gifts can be directed toward specific programs, projects, or endowment funds, allowing donors to align their contributions with their philanthropic goals.
Community Support
By making outright gifts, donors play a crucial role in strengthening and sustaining their community through immediate and impactful support.
Types of
Outright
Gifts
Cash Donations
Credit Card Gifts
Simple and immediate, credit card contributions provide essential and flexible support that can be used where it’s needed most or contributed to a specific fund. Click the the link to make a credit card donation online.
Checks and Electronic Transfers
Contributions via checks or electronic bank transfers are also straightforward ways to donate cash. Contact Mackenzie, mackenzie@huroncounty.com, for electronic transfer information.
Memorial or Tribute Gifts
Honor Loved Ones: Make a donation in memory or honor of someone special, supporting causes that matter to them. These gifts often support community projects or specific funds aligned with the honoree’s interests.
Securities
Stocks and Bonds
Donating appreciated stocks or bonds may offer significant tax benefits, such as limiting capital gains tax exposure and receiving a charitable deduction for the full market value. These gifts often allow donors to provide more financial support to causes they care about than out-of-pocket, cash gifts.
Mutual Funds
Contributions of mutual fund shares are another way to support the foundation while potentially benefiting from tax advantages.
Real Estate
Outright Real Estate Gifts: Donating property, such as homes, commercial buildings, or land, can be a valuable, tax advantageous, way to support the foundation.
Retirement Assets
IRA Charitable Rollovers
If you are 72 (or turned 70 ½ before January 1, 2020), you can make a gift directly from your Individual Retirement Account (IRA) to the foundation. This gift may help satisfy a Required Minimum Distribution for the year. Because the gift is contributed directly from your IRA to the foundation, it is not treated as income, which allows donors to maximize their income tax savings. IRA Charitable Rollovers allow donors to contribute to causes they care about without needing to write an out-of-pocket check.
Next
Steps
If you have any questions or would like to inquire about making a Planned Gift contact Mackenzie, HCCF Executive Director at (989) 269-2850 or by email at mackenzie@huroncounty.com.
All gifts and funds are subject to HCCF policies, including the Gift Acceptance Policy and required fund minimums.