Ways to Give
We offer a wide range of giving options and vehicles that you can use to establish or add to a charitable fund. Because we are recognized by the Internal Revenue Service as a public charity, you are eligible for the maximum tax benefits under law.
Choose the best way to give
Our staff is eager to talk with you and your attorney or financial advisor about these opportunities. We are always happy to answer your questions. Call Wesley Tomlinson at (901) 722-0036 or send her an email.
Types of gifts
- Cash provides an immediate income tax deduction.
- Appreciated securities in the form of stock or mutual funds shares held for more than one year help you avoid capital gains taxes and earn a charitable tax deduction based on market value. We accept both closely held and publicly traded stock.
- Real estate, if held for more than one year, usually provides the same tax benefits as gifts of securities.
- Life insurance allows you to direct insurance policy proceeds to a fund at the Community Foundation. You may name the Foundation as owner and beneficiary of the policy, or you may retain ownership and name a fund at the Foundation as the primary or contingent beneficiary.
- IRAs and other qualified retirement plans can mean substantial tax savings for your heirs if you name a charitable fund as a beneficiary of assets. You may name the charitable interests you wish to benefit from your funds and name your heirs as advisors.
- Partnership interests such as limited liability company interests and limited partnership interests will be considered. The Community Foundation has accepted limited liability company interests and limited partnership interests.
- Bequests establish charitable funds through your will. A bequest is simple and can be advised by your heirs.