At the Community Foundation of Northeast Iowa, we are able to offer a variety of giving methods designed for each donor's unique situation. All of these methods give our donors opportunities for a variety of tax benefits. We encourage you to visit our Tax Benefits page to learn more!
A simple way to say you care.
A cash gift is one of the most simple ways to establish a fund or add to an existing fund at the Community Foundation of Northeast Iowa. Cash gifts are fully deductible up to 50% of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Turning stock market gains into community investment.
Everybody wins when you make a gift of appreciated stock to the Community Foundation of Northeast Iowa. 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. By giving stock through the Community Foundation of Northeast Iowa, you can avoid capital gains taxes that could be due as a result of its sale. Your gift is then used to establish a fund that benefits the local causes and organizations you care about most. With gifts of appreciated stock, your stock market earnings translate into community impact, so you get a more rewarding return on your portfolio.
A charitable gift unearthed.
Making a charitable gift of real estate through the Community Foundation of Northeast Iowa 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. A gift of real estate is an ideal way to attain a level of giving you may have never thought was possible. You receive the maximum tax deduction allowed and avoid capital gains tax.
The Community Foundation of Northeast Iowa established the Community Foundation Realty Holdings Corporation just for the benefit of accepting real estate gifts. With the help of the Community Foundation, you can use the value of your property to fulfill your charitable interests and receive financial and tax benefits.
Community as your beneficiary.
You can make a Life Insurance gift to the Community Foundation of Northeast Iowa when life insurance is no longer needed for personal financial wealth replacement by either giving a paid-up policy or continuing to pay premiums. You may receive a number of tax benefits, including reduced estate and income taxes. And, if you choose to continue paying premiums through the Community Foundation, you will be entitled to a charitable contributions deduction of up to 50 percent of your adjusted gross income.
You can replace the dollar value of an asset transferred to the Community Foundation of Northeast Iowa with a life insurance policy. Or, you can use regular payments from a Charitable Gift Annuity or Charitable Remainder Trust to establish an irrevocable life insurance trust. The trust can purchase insurance on your life to benefit your heirs, thus allowing you to make a gift to the Community Foundation and replace the value of this gift within your estate with life insurance proceeds.
Life insurance provides a simple way for you to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime.