What to 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
Benefits of gifts of cash
- You can make an immediate impact on our mission or the charitable organization of your heart
- You can take a charitable income tax deduction
How to make a gift of cash
Drop off or Mailing a gift of cash – You can send 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.
*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!
Insurance
A gift of your life insurance policy is an excellent way to make a gift to Community Foundation of South Lake. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Community Foundation of South Lake. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of 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
Insurance
A gift of your life insurance policy is an excellent way to make a gift to Community Foundation of South Lake. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Community Foundation of South Lake. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of 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
Cash
Benefits of gifts of cash
- You can make an immediate impact on our mission
- You can take a charitable income tax deduction
How to make a gift of cash
Mailing a gift of cash – You can send 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.
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!