Giving Options
Outright Gifts
You can transfer cash, stocks, bonds, real estate, or personal property to your Community Foundation. Your gift qualifies for maximum charitable benefit under state and federal law.
Read further about the advantages of gifting appreciated stock:
Bequest
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.
Download suggested language to use in a will or trust:
Charitable Gift Annuity
You can transfer cash or property to your Community Foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual payments for life. This option is a great solution for many older charitable individuals. Read more »
Charitable Remainder Trust
You can place cash or property in a trust that pays annual income to you or another named beneficiary for life. After your death, the remainder of the trust transfers to your Community Foundation, and is placed in a charitable fund you select. You receive Michigan Community Foundation Tax Credit for the year you establish your trust. Read more »
Charitable Lead Trust
You can place cash or property in a trust that pays a fixed amount to your Community Foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes. This can be described as the opposite of a charitable remainder trust. Upon death or the amount of years selected, the assets held by the trust are transferred to the beneficiaries named (usually children or grandchildren). Read more »
Beneficiary Designations
You may also wish to consider naming the Community Foundation of St. Clair County as the beneficiary of your IRA or life insurance policy.
Additional Information
Tools & Links
Downloads
- Gifting Appreciated Stock
- Sample Agency Designated Fund Agreement
- Sample Language for Wills & Trusts
PDF file - you will need the free Adobe Reader (or equivalent) to view. Download here.
