Ways to Give
There are a variety of ways to donate to the Terrace Community Foundation, including:
Cash
Cash gifts are an easy way to make an impact in your community and allow you to give at any time.
Securities
Securities, both publicly traded and closely held, can be used to set up a fund or make a donation. Giving eligible appreciated stocks, mutual funds or employee options are all possible through the Community Foundation. By giving stock you can avoid capital gain taxes that would be due as a result of the sale of the stock and establish a charitable fund that benefits the local causes and organizations you care about most.
Real Estate and Personal Property
A gift of real estate releases potential that has been tied up for years, enables you to make a bigger charitable difference than you may have thought possible, helps you avoid estate taxes, and minimizes or eliminates burden placed on your heirs. Charitable gifts of real estate range from personal residences and vacation homes to rental properties, farmland, and commercially developed land.
Life Insurance
Giving life insurance through your community foundation is one of the simplest ways to make a significant contribution to your community and establish your legacy of giving. You can make a gift when life insurance is no longer needed for personal financial wealth replacement. You may receive a number of tax benefits including reduced income taxes and estate taxes. And, if you choose to continue paying premiums through your community foundation, you will be entitled to tax credits.
Leave a Gift in your Will
You can designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.
There are a variety of ways to donate to the Terrace Community Foundation, including:
Cash
Cash gifts are an easy way to make an impact in your community and allow you to give at any time.
Securities
Securities, both publicly traded and closely held, can be used to set up a fund or make a donation. Giving eligible appreciated stocks, mutual funds or employee options are all possible through the Community Foundation. By giving stock you can avoid capital gain taxes that would be due as a result of the sale of the stock and establish a charitable fund that benefits the local causes and organizations you care about most.
Real Estate and Personal Property
A gift of real estate releases potential that has been tied up for years, enables you to make a bigger charitable difference than you may have thought possible, helps you avoid estate taxes, and minimizes or eliminates burden placed on your heirs. Charitable gifts of real estate range from personal residences and vacation homes to rental properties, farmland, and commercially developed land.
Life Insurance
Giving life insurance through your community foundation is one of the simplest ways to make a significant contribution to your community and establish your legacy of giving. You can make a gift when life insurance is no longer needed for personal financial wealth replacement. You may receive a number of tax benefits including reduced income taxes and estate taxes. And, if you choose to continue paying premiums through your community foundation, you will be entitled to tax credits.
Leave a Gift in your Will
You can designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.
Thank you for supporting the Terrace Community Foundation!
