Ways To Give
Gifts of any amount to an existing Foundation fund are always welcomed and valued. Or, donors may wish to establish their own fund. A modest administrative fee is charged for the services provided to these funds.
Your
gift may be made in one or more of the following ways.
Cash
A gift of cash is the simplest and most convenient way of giving to the
Foundation. Cash can be given in the form of currency, checks, or money
orders. Checks or money orders should be made payable to Yolo Community
Foundation.
Securities
Gifts of appreciated securities provide considerable advantages to
donors. When securities have been held for the required period of time,
a donor can deduct the full fair market value of the gift and will
avoid a capital gains tax on the appreciated amount of the
securities.
Bequests
Many donors have created funds within the Foundation through a bequest.
Bequests to the Foundation are not subject to estate or inheritance
taxes, thus ensuring the maximum benefit to your charitable fund.
Life Insurance
Gifts of life insurance allow donors to make sizeable gifts at
relatively low cost. By assigning ownership of a life insurance policy
to the Foundation, you receive an immediate tax deduction and eliminate
the proceeds of the policy from your estate. All premium payments made
by you thereafter will also be tax deductible, subject to Internal
Revenue Service limitations.
Charitable Remainder Trusts
Charitable Remainder Trusts enable donors to transfer assets to a
trustee to be held on behalf of specified beneficiaries during the
trust?s lifetime. You receive an immediate federal tax deduction for
the year the trust is established, subject to Internal Revenue Service
limitations. Distributions of income from the trust will be made to you
and/or to other beneficiaries for the life of the trust. When the trust
terminates, the proceeds will be used to create a charitable fund in
your name or in any other name as designated in the original trust
agreement.
Charitable Lead Trusts
A Charitable Lead Trust is the reverse of a Charitable Remainder Trust.
This type of trust allows for payments to your charitable fund within
the Foundation for a specified number of years. Upon termination of the
trust, the principal is paid to you or any other non-charitable
beneficiary you select. This vehicle is especially useful for property
that has the potential to significantly appreciate.
Transfer of Charitable Trusts
The Foundation provides for the efficient and cost effective management
of charitable trusts. Such arrangements enable a maximum flow of
charitable dollars to the community.
Private Foundation Transfers
Maintaining a private foundation can be burdensome and costly. By
transferring the assets of a private foundation to Yolo Community
Foundation, you can benefit from tax and administrative benefits while
retaining the original purpose and identification of your
foundation.
Corporate Giving
Corporations can ease the administrative work required to manage their
charitable giving program by creating a fund within the Foundation. All
paperwork, acknowledgments, filing of government forms, and audits are
handled by the Foundation. Corporations continue to receive recognition
of their philanthropic generosity, unless anonymity is requested.
Other
Contributions of Real Estate, Tangible Personal Property, Closely Held
Stock, Patents and Copyrights, Surplus Business Inventory, etc. are
other ways of creating a fund within the Foundation.