A cash gift is tax deductible as provided under current law.
Donations of appreciated publicly-traded securities are accepted. This type of gift avoids capital gains tax and allows the maximum tax deduction for the full market value of the gift. The Foundation also accepts closely-held stock and limited partnership interests. Click here for details on making a gift of securities to the Foundation.
Gifts of cryptocurrency are accepted at Greater Toledo Community Foundation. The biggest benefit to a donor giving a gift of cryptocurrency to GTCF is avoiding capital gains tax while still supporting your favorite charity. For tax purposes, the IRS designates cryptocurrency as property and is subject to the same rules that apply to noncash charitable gifts. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. Click here to make a gift of cryptocurrency to the Foundation.
A bequest in your will is a simple way to leave a lasting legacy. Click here for additional information on creating a fund through your bequest or sample bequest language.
A life insurance policy can be changed to designate the Foundation as the owner and/or beneficiary of a policy. Retirement fund accounts are often one’s largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Retirement fund accounts are often your largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Real estate (land, primary residences, vacation homes, farm land, for example) can be donated to the Foundation and deducted at full fair market value, up to 30 percent of one’s adjusted gross income. The Foundation sells the real estate and the net proceeds capitalize a new fund or are added to an existing fund. Similarly, tangible personal property can be donated to the Foundation, which is also then sold.
A charitable remainder trust allows you (or other named beneficiaries) to receive lifetime income. Upon your death the remaining principal creates a fund at the Foundation. You receive an immediate charitable deduction for a portion of the gift and avoid capital gains tax.
A charitable lead trust creates income for the Foundation for a specified period, after which the remaining principal is distributed to named beneficiaries. Gift and estate taxes are reduced with this type of gift.