The Foundation offers a variety of ways for you to make donations to reach your philanthropic goals. Corporations and businesses are limited to gifts of cash, securities, closely-held stock, limited partnership interests and real estate. Individuals and families have even more options to consider.
You can create your own fund to use to make donations to any number of charities, or you can support community efforts that the Foundation is focusing on.
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.
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.
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INSTITUTE FOR FINER ARTS, DETROIT, MI
Toledo Community Foundation is honored to carry out the charitable interests and intentions of more than 800 individuals, families and organizations who have established both current and future funds with us. However, you don’t need a fund to support your community!
It is important to understand that anyone can contribute to an endowed fund — it isn’t required that you establish your own fund with TCF. Everyone can help us build a better community with a gift to support a cause.
TCF has identified three community issues that need ongoing attention and support, and incorporated these as a focus in our strategic planning. Those are:
TCF created this fund in 2014 to support grant making which helps develop and expand economic opportunities in northwest Ohio and southeast Michigan. This includes efforts to support neighborhood improvements, job readiness and workforce training.
TCF created this fund in 2014 to support grant making focusing on the development and education of children and young people residing in northwest Ohio and southeast Michigan. This includes looking at the developmental needs of 3-5 year olds and exploring programs/models that help children be prepared for kindergarten, while also providing educational support to all students through high school. Supporting the youth of our community from cradle to career.
TCF is concerned about the advancement of women in our community. In 2015, the Women’s Fund of the Toledo Community Foundation was established to support organizations, initiatives and programs that impact women and girls. Contributions to the Women’s Fund will exclusively support programs, projects and organizations that improve the quality of life for women and girls in northwest Ohio and southeast Michigan. Grants made from this fund will focus on long-term solutions, and will enable women and girls to succeed in any and all aspects of life. Our goal is to raise $1.5 million to invest in perpetuity to address changing needs of the community as they relate to women and girls.
To support TCF with a contribution to any of these funds, you can make your donation here. If you have any questions, please contact Mike George or Bridget Brell Holt in our Philanthropic Services Department at 419.241.5049, [email protected], or [email protected].
If you would like more information on the charitable giving options available through the Foundation, contact Bridget Brell Holt, Philanthropic Services Officer, or Mike George, Vice President, Philanthropic Services & Advancement, or call 419.241.5049.
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