There are often misconceptions that philanthropy is only for the very wealthy. The reality is that many of the grants awarded by the Foundation are made possible by the modest donations of people from every walk of life.
As individuals, each of us feels a responsibility to give back to our community through donations of time, talent and treasure in our own ways. Whatever method you choose, the Foundation has the flexibility to make it easy. We ensure that your contribution will meet your charitable expectations. Listed below are several ways to give, each offering distinct advantages.
GIFTS OF CASH
Regular gifts of cash are a popular choice for people contributing any amount. Whether in honor or memory of a friend or loved one, or to meet personal charitable wishes, cash gifts help the Foundation grow and expand its support of Franklin County.
Contributions of securities are attractive to people who have held stocks or bonds for a long period of time. With greatly appreciated securities you can make a larger contribution to the Foundation than the original cost and at the same time avoid significant capital gains tax.
It may be a surprise to know that your life insurance policies can be a charitable gift. You may have had a policy for years, but now the protection is no longer needed. You may donate the policy to the Foundation and receive an immediate tax deduction, usually an amount equal to the cash surrender value. Or, you may name the Foundation as the owner and beneficiary of a life insurance policy in which the face value ultimately goes to the Foundation. Your continued premium payments on the policy are also tax-deductible.
An estate gift is a specific bequest in your will or trust. Such gifts may be for specific amounts or a percentage of a trust or estate’s value and are exempt from estate tax.