Why Give?
Our community and the causes close to you should be seen as another family member or child to care for. Being able to support and give back to the community in order to continue it’s growth and strength as a whole. There is nothing more rewarding than that.
The Yolo Community Foundation is the affordable alternative to opening a private foundation. We are a center of knowledge about effective, tax-smart charitable giving. We offer highly personalized attention to meet a variety of charitable goals. You can decide where your gifts go, during your lifetime and beyond. We manage all the details.
What to give:
Gifts to the Yolo Community Foundation allow immediate, maximum tax advantages and help you turn financial gains into community good. We can accept a wide variety of assets and facilitate even very complex forms of giving.
Charitable assets
• Cash
• Stocks
• Bonds
• Real Estate
• Life Insurance
• Retirement Assets, such as a 401(k), 403(b), individual retirement accounts (IRA) or other qualified retirement programs
• Some tangible personal property
Would you prefer to experience the joys of giving during your lifetime or to leave a legacy with a deferred gift? We can help recommend a giving strategy that’s right for you
How to Give?
The Yolo Community Foundation offers many ways to give. Our flexible giving options can be customized to fit your unique financial and charitable interests. You can give now, or include a gift as part of your estate planning. We are here to help. We can work with you and your lawyer or financial adviser to help you choose the giving strategy that is right for you. Contact us to discuss your giving options.
How to give:
Giving Now:
• You can give many different kinds of charitable assets as an outright gift to the Foundation.
• For appreciated stock or qualified retirement assets, a direct transfer will deliver maximum tax advantage.
• Planned giving You can accomplish a range of financial and charitable goals with planned gifts.
• Bequest by Will. After assuring that their loved ones have been cared for, many donors choose to leave their assets to a local charity upon their deaths.
• Charitable Trust. We can help you provide for family and causes that are important to you by setting up a charitable trust.
• Beneficiary designation. For qualified retirement plans and life insurance policies, you can designate the Foundation or your own fund as the beneficiary.
• Charitable gift annuity. You can arrange a generous gift to the community, while providing lifetime income for you or another beneficiary.
Planned Giving:
What is planned giving?
Planned giving is the process of thinking strategically about charitable giving to maximize the personal, financial, and tax benefits for your gifts.
For instance, you may need to receive income in exchange for the assets you donate, or you may want to be involved in deciding how your gift is spent–things that typically can’t be done with standard checkbook giving.
When planning a gift through your will it is sometimes difficult to determine what size donation will make sense. We can help you create an addendum to your fund agreement that will spell out the exact detail of your plans for giving and you can update it at any time, at no cost.
There are many reasons to give through a bequest:
Flexibility: Because you are not actually making a gift to your fund until after your lifetime, you can change your mind at any time.
Versatility: You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage to your estate to your fund.
Tax Relief: Your estate is entitled to an estate tax charitable deduction for the gift’s full value.
Questions to Consider:
-Which charities do you want to benefit?
-What kind of property do you want to donate (cash, stocks, real estate, life insurance)
-Do you want the gift to take effect during your life or at your death?
-Do you want to retain an interest in the property you donate?
-Do you want to be involved in deciding how your gift is spent?
Gifting Strategies:
There are many ways to donate to charity, from a simple outright cash gift to a complex trust arrangement. Each option has strengths and trade-offs, so it’s a good idea to consider which strategy is best for you.
Outright Gift: an outright gift is an immediate gift for the charity’s benefit only. It can be made during your life or at your death via your will or other estate planning document. Examples of property you can gift are cash, securities, real estate, life insurance proceeds, art, collectibles, or other property.
Charitable Trust. A charitable trust lets you split a gift between a charitable and a non charitable beneficiary, allowing you to integrate financial needs with philanthropic desires. The two main types are a charitable remainder trust and a charitable lead trust. A typical charitable remainder trust provides an annuity or uni trust interest for one or two persons for life. An annuity interest provides fixed payments, while a uni trust interest provides for payments of a fixed percentage of trust assets(valued annually). At the end of the trust term, assets remaining in the trust pass to the charity,. This can be an attractive strategy for older individuals who seek income. There are a few other variations of the charitable remainder trust, depending on how the income stream is calculated. With a charitable lead trust, the order is reversed; the charity gets the first, or lead uni trust or annuity interest, and the non charitable beneficiary receives the remainder interest at the end of the trust term.
Charitable Gift Annuity. A charitable gift annuity provides a fixed annuity for one or two persons for life. it’s easier to establish than a charitable remainder trust because it doesn’t require a formal trust document
Private Foundation. A private foundation is a separate legal entity you create that makes grants to public charities. You and your family members, with the help of professional advisers, run the foundation–you determine how assets are invested and how grants are made. But in doing so, you’re obliged to follow the many rules and regulations governing private foundations.
Donor-Advised Fund. similar to but less burdensome than a private foundation, a donor-advised fund is an account held by a charity to which you can transfer assets. You can then advise, but not direct, how your assets will be invested and how grants will be made.