What To Give

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What You Can Give

There are numerous ways the Community Foundation can assist you with establishing your giving through the Foundation. Whether you want to make a one-time donation or create a permanent charitable legacy, virtually any asset can be used to make an impact.

CASH

Did you know that you can mail a check on December 31st and, even if the check is not received and cashed by Community Foundation of South Lake until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!

BENEFITS OF GIVING CASH

• You can make an immediate impact on our mission.

• You can take a charitable income tax deduction.

How to make a cash contribution:

You can mail us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.

LIFE INSURANCE

A gift of your life insurance policy can be an effective and convenient asset to give. There are various methods for making life insurance donations; each method has unique advantages.

Benefits of gifting life insurance:

• Receive a charitable income tax deduction.

• If Community Foundation of South Lake retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.

• If Community Foundation of South Lake cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.

• If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.

REAL ESTATE

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to help our community.

Benefits of gifting Real Estate:

• Avoid paying capital gains tax on the sale of the real estate.

• Receive a charitable income tax deduction based on the value of the gift.

• Leave a lasting legacy to Community Foundation of South Lake.

RETIREMENT ASSETS

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Community Foundation of South Lake.

Benefits of gifting Retirement Assets:

• Avoid potential estate tax on retirement assets.

• Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.

• Receive potential estate tax savings from an estate tax deduction.

STOCKS & BONDS

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Community Foundation of South Lake.

Benefits of gifting Stocks & Bonds:

• Avoid paying capital gains tax on the sale of appreciated stock.

• Receive a charitable income tax deduction.

• Further our mission to help our community.

TANGIBLE ASSETS

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Benefits of gifting Real Estate:

• Avoid paying capital gains tax on the sale of the real estate.

• Receive a charitable income tax deduction based on the value of the gift.

• Leave a lasting legacy to Community Foundation of South Lake.

How Giving Can Benefit You

Benefits Of Gifting

Benefits of gifting Cash:
  • You can make an immediate impact on our mission.
  • You can take a charitable income tax deduction.
How to make a cash contribution: You can mail us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
Benefits of gifting life insurance:
  • Receive a charitable income tax deduction.
  • If Community Foundation of South Lake retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.
  • If Community Foundation of South Lake cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.
Benefits of gifting Real Estate:
  • Avoid paying capital gains tax on the sale of the real estate.
  • Receive a charitable income tax deduction based on the value of the gift.
  • Leave a lasting legacy to Community Foundation of South Lake.

Benefits of gifting Retirement Assets:

  • Avoid potential estate tax on retirement assets.
  • Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.
  • Receive potential estate tax savings from an estate tax deduction.

Benefits of gifting Stocks & Bonds:

  • Avoid paying capital gains tax on the sale of appreciated stock.
  • Receive a charitable income tax deduction.
  • Further our mission to help our community.

Benefits of gifting Business Interests:

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There are numerous ways the Community Foundation can assist you with establishing your giving through the Foundation. Whether you want to make a one-time donation or create a permanent charitable legacy, virtually any asset can be used to make an impact.

Contact Us To Request More Information