Check or credit card is the easiest way to contribute to a fund and may qualify for maximum allowable income tax deductions.
Stocks and Bonds
Gifts of securities are highly appreciated; they may be given so the donor can deduct the full fair market value as a charitable contribution and thus avoid capital gains tax on the appreciation.
Property that is not mortgaged may also be given at appraised value so the donor can receive a full charitable deduction and avoid capital gains taxes.
Life insurance policies can be used to create a major gift at relatively low cost to the donor. If the Community Foundation is named owner or beneficiary of a new or existing policy, the donor receives a tax deduction. Additional premiums paid through the Foundation are tax deductible, and proceeds pass to charity, free of estate tax.
Closely-held Business Interest
Shares of close-held business interest can be gifted to the Community Foundation of South Lake County, creating a donor advised fund. This can often help minimize the tax implications of the sale or closure of a business.