Cash
Cash, usually in the form of a check, is the most common form for charitable gifts. Cash gifts enable donors to claim a current income tax deduction of up to 50 percent of their adjusted gross income in the year of the gift with a five year carry-forward period.
Checks
Make checks payable to “CFWC,” note the name of the fund in the memo line and mail to:
Community Foundation of Whitley County
400 N. Whitley Street
Columbia City, IN 46725
eCheck
Testamentary
With estate planning, you can include a gift to the Community Foundation to benefit the charity of your choice.
Make a Credit Card Gift
For your convenience, the Community Foundation of Whitley County uses Paypal to make on-line giving safe and easy for our donors. Upon receiving notice of a contribution from Paypal, The Community Foundation of Whitley County will acknowledge the tax deductible contribution with a letter to the donor.
Stocks, Bonds & Mutual Funds
Giving highly appreciated publicly-traded securities is a “tax-smart” way to accomplish charitable giving goals. Donors avoid capital gains taxes on the appreciated value and receive a charitable deduction for the full market value of the stocks or mutual funds (up to 30% of a donor’s adjusted gross income in the year of the gift, with a five-year carry-over).
Gifts of Grain
Donating a gift of grain to your Community Foundation is a simple way to make a lasting difference. The value of the grain can be used to start an endowed fund in the name of your family, for a specific church, nonprofit organization important to you or to support charitable causes in your community. No matter what type of endowment you chose to establish or support, you can be sure that your gift of grain is growing the future of your community.
Real Estate
Donating a parcel of property can yield significant tax savings. Donors avoid capital gains tax and receive a charitable deduction of the fair market value. All gifts of property must meet The Community Foundation of Whitley County’s gift acceptance guidelines.
Personal Property
The Community Foundation of Whitley County accepts gifts of tangible property (e.g. art, antiques, rare books, jewelry, gems, collections, etc.). We even accepted a house trailer once! Some restrictions apply and gifts valued at more than $5,000 require an independent appraisal.
Life Insurance
Gifts of life insurance enable donors to make a future major gift to the Foundation at a relatively modest cost. Donors may name the Foundation as the owner and beneficiary of existing policies that they no longer need. Alternatively, donors may purchase new policies and name the Community Foundation as the owner and beneficiary. Donors are entitled to a federal income tax deduction for the cash surrender value in the year the gift is made.
Gift and fund acceptance policies are available upon request. Contact September McConnell at 260-244-5224 or septemberwccf@gmail.com.
