Current Gift Options
The Foundation accepts gifts of cash and a variety of other assets. Explore the benefits of different types of gifts to evaluate the most effective way to make a difference today.
Cash donations are the easiest and most popular form of giving. Cash donations are fully deductible for federal income tax purposes at up to 50 percent of your Adjusted Gross Income. Amounts given over this limit may be carried forward and deducted in future years, for up to five years.
A gift of appreciated securities that you have owned for over a year is deductible at fair market value, in amounts up to 30 percent of your Adjusted Gross Income. As with cash, amounts exceeding this limit may be deducted for up to five additional years. In addition, long-term capital gains tax can be avoided on the increased value of appreciated securities. Unlike most commercial charitable funds, the Foundation accepts gifts of non-marketable securities, such as privately held or restricted stock, on a case by case basis, providing donors with greater flexibility in tax planning.
REAL ESTATE & OTHER REAL PROPERTY
The Foundation accepts gifts of real estate, such as a house, ranch, land, or commercial building, on a case by case basis. As with appreciated securities, a gift of real estate that you have owned for more than a year may entitle you to take a tax deduction for the fair market value of the property and allow you to avoid paying capital gains tax. If you wish to donate a personal residence or ranch and choose to live on the property for the rest of your life, you can receive a current tax deduction for the future value of your gift.
We are available to assist you or your professional advisors in evaluating the most appropriate type of gift to suit your needs.
For more information, please contact Jackie Berke at (308) 324-6704.