Ways To Give
Once you’ve determined that creating a fund at the Community Foundation of Southern Indiana would be beneficial to you and the community, it’s time to think about how and when you want to give.
With the Community Foundation of Southern Indiana you’re able to give in a wide variety of ways and you’ll get the maximum tax benefit for your contribution.
The Community Foundation’s expert staff can help you with a seamless gift – whether that is a liquid or cash asset, or even an illiquid closely held asset – and you may be able to do so without ever writing a check.
If You Want to Give Now
Make a Donation Online
Making a gift online is simple. You can choose to make a gift to the Community Foundation’s Community Endowment Fund that allows the Foundation to support the most pressing needs in our community, or you can choose a specific named fund held at the Foundation. Simply follow this link to the Give Today page and follow the steps.
Cash or Credit
Making a gift of cash now is simple and can provide you with attractive tax benefits now. You can make your gift by mailing or dropping off a check at our location, or by making a gift using your credit card through our secure website on the Give Today.
Stocks, Bonds, and Mutual Funds
Using marketable securities to add to or establish a fund at the Community Foundation is one of the more popular ways to give. These types of gifts are a simple to give and offer attractive tax benefits, including: avoiding capital gains tax on the appreciation and, if you have owned the securities for more than 12 months, you may claim a tax deduction for the full fair market value of the share you donate rather than the purchase price.
Appreciated real estate can be a great gift to establish your fund at the Community Foundation. The value of your real estate may exceed that of any other asset you own and donating to the Community Foundation of Southern Indiana could help you avoid costly taxes while fulfilling your charitable interests. Gifts of real estate require some specific guidelines to be followed – click here to learn more.
Closely Held Business Interests including Subchapter S-Stock
Gifting appreciated business interests to the Community Foundation can present an attractive option for business owners because you can reduce your personal income and potential estate taxes while maximizing the size of your charitable impact. These gifts can be a great tool in succession planning, and by giving to the Community Foundation instead of establishing a private foundation you can secure the maximum tax advantage with minimal work.
IRA Charitable Rollover
The IRA Charitable Rollover allows individuals who are 70½ to make a gift of up to $100,000 directly from their IRA to the Community Foundation of Southern Indiana. The gift would satisfy any IRA required minimum distributions for the year.
In December of 2015, Congress passed a permanent extension of the IRA Charitable Rollover provision which, if you are age 70½ or older, makes it easy to make tax-free distributions to the Community Foundation of Southern Indiana or any other qualified charitable organizations (up to $100,000 per year) from your Individual Retirement Account (IRA).
It’s simple to make an IRA rollover gift to your favorite charity – just consult with your retirement plan administrator and tell them you would like to make an IRA Charitable Rollover distribution to the Community Foundation of Southern Indiana. Then, we’ll work with you to establish your personalized charitable plan.
Because we are a 501(c)(3) charity, you can make your direct charitable IRA rollover gifts to the Community Foundation. Then, we will distribute your rollover gifts to nonprofits in accordance with your unique charitable wishes. This works especially well when you would like the rollover amount distributed over a period of several years, if you want to make rollover gifts to more than just one charity, or if you wish to make anonymous gifts. You can also make “the gift of a lifetime” by establishing a permanent charitable legacy.
Why use the IRA Charitable Rollover to Make a Gift to CFSI?
- Establish permanent legacy for your favorite charitable causes
- Benefit more than one charity with single gift
- Make a significant gift anonymously
- “Stretch out” one rollover gift for a specified number of years
- Example: annual tithe to church
If you have any questions about the IRA Charitable Rollover, please contact Linda S. Speed, President & CEO of the Community Foundation of Southern Indiana, at (812) 948-4662 or firstname.lastname@example.org.
It is important to remember that IRA Charitable Rollover gifts cannot be made to support a donor advised fund or private foundation. Your gift can be used to support a designated fund, field of interest fund, or the Foundation’s Community Fund which supports the greatest needs of our region though community grants.