Ways to Give

Ways to Give

 

The Community Foundation of Central Wisconsin works closely with you and/or your professional advisor to find the perfect match to your charitable goals. At any time, and for any reason, you can add to an existing fund or create a new fund! There is a wide variety of giving options available to you, whether you are an individual, family, business, or nonprofit organization.

Giving Methods

Many of our donors give during their lifetime or create a bequest in their will. Please review Outright Gifts, Remainder Gifts, and Honorary or Memorial Gifts to learn more about the types of gifts that can be made as well as the instruments available to assist you in fulfilling your charitable goals.

At the Community Foundation of Central Wisconsin, we are able to offer a variety of giving methods designed for each donor’s unique situation. All of these methods give our donors opportunities for a variety of tax benefits. We encourage you to visit our Tax Incentives section located under Professional Advisors to learn more!

*Please click on the tabs to learn more about different ways to give.

Outright Gifts

At the Community Foundation of Central Wisconsin, we are able to offer a variety of giving methods designed for each donor’s unique situation. All of these methods give our donors opportunities for a variety of tax benefits. We encourage you to visit our Tax Incentives section located under Professional Advisors to learn more!

Gift of Cash

A simple way to say you care

Cash gifts are one of the simplest ways to establish a fund or add to an existing fund at the Community Foundation of Central Wisconsin. Cash gifts are fully deductible up to 50% of the donor’s adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.

Gift of Appreciated Stock

Turning stock market gains into community investment

Everybody wins when you make a gift of appreciated stock to the Community Foundation of Central Wisconsin. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value. By giving stock through the Community Foundation of Central Wisconsin, you can avoid capital gains taxes that could be due as a result of its sale. Your gift is then used to establish a fund that benefits the local causes and organizations you care about most. With gifts of appreciated stock, your stock market earnings translate into community impact, so you get a more rewarding return on your portfolio.

Gift of Real Estate

A charitable gift unearthed

The Community Foundation of Central Wisconsin established the CFPC Properties, LLC in order to accept real estate gifts. Making a charitable gift of real estate through the Community Foundation of Central Wisconsin can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the Community Foundation, you can use it to fulfill your charitable interests and receive financial and tax benefits. A gift of real estate is an ideal way to attain a level of giving you may have never thought was possible. You receive the maximum tax deduction allowed and avoid capital gains tax.

Gift of Life Insurance

Life Insurance Beneficiaries

Community as your beneficiary

Perhaps you would like to contribute the proceeds of a life insurance policy to help the community, but you are not ready to give up ownership of the policy. By naming the Community Foundation of Central Wisconsin only as beneficiary, you retain ownership of the policy and have access to the cash value as well as the right to change the beneficiary. When you retain ownership of the policy, with the Community Foundation of Central Wisconsin named as the beneficiary, there is no charitable deduction for the value of the policy or for subsequent insurance premiums. However, any proceeds payable to the Community Foundation at your death will not be subject to federal estate taxes.

Alternately, you can transfer ownership of your life insurance policy to the Community Foundation of Central Wisconsin by either giving a paid-up policy or continuing to pay premiums.  If you choose to continue paying premiums through the Community Foundation, you will be entitled to a charitable contribution deduction of up to 50 percent of your adjusted gross income.

Life insurance provides a simple way for you to give a significant gift to charity after you die, with tax benefits that you can enjoy during your lifetime.

Remainder Gift

The Community Foundation of Central Wisconsin offers a variety of giving methods designed for each donor’s unique situation. All of these methods give our donors opportunities for a variety of tax benefits. We encourage you to visit the Tax Incentives section located under Professional Advisors to learn more!

Bequest by Will

A Legacy of Giving

Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through the Community Foundation of Central Wisconsin, you can establish a new fund that becomes your personal legacy of giving, or, you can contribute to any of our existing funds.   Including the Community Foundation in your will allows you to leave a legacy to your community while distributing some or all of your assets, tax free. You can give your gift in the form of cash, appreciated stocks, or other assets.

Some of the most tax-efficient asset types to give through your will come from retirement plan accounts, since heirs would be taxed on the income in respect of the decedent (IRD). You can choose to give a stated dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or you can make your gift contingent on certain events.

Retirement Plan Beneficiaries

Working to provide for the future

Retirement Plans provide an opportunity for you to help plan for your community’s future. They are one of the best types of assets to transfer to a charity, because retirement plans produce taxable income. By naming the Community Foundation of Central Wisconsin as the beneficiary of your retirement plan, you could receive a number of benefits.

Most assets that an heir inherits are free from income tax. However, an heir will pay income tax on disbursements from a decedent’s retirement plan such as a profit sharing plan, Section 401(k) plan or IRA. If you are going to make a charitable bequest, it is usually better to transfer these taxable assets subject to income tax to a tax-exempt charity, such as the Community Foundation of Central Wisconsin, and to transfer the non-taxable assets not subject to income tax to heirs.

Honorary Memorial Gift

Special People Deserve Special Recognition

The Community Foundation of Central Wisconsin can help you to recognize special people who have made a difference in your life and the life of the community. Donations to existing funds at the Community Foundation can be made in honor or in memory of an individual, family, organization, etc. A new fund can also be created to handle specific honoraries and memorials.

Honorary Gifts

Donors give to the Community Foundation of Central Wisconsin for many reasons when they wish to honor an individual, family, organization, etc.

Contributions may be made to any existing funds in order to do many things:

  • celebrate and honor a living person
  • memorialize persons at the time of their death
  • celebrate anniversaries
  • recognize special birthdays
  • say thank you for a job well done
  • for no reason at all- other than to benefit your community
Memorial Gifts

If you are currently facing a loved one’s death, consider memorializing them at the Community Foundation. You may be content to ask that contributions in lieu of flowers be made to a specific fund at the Community Foundation of Central Wisconsin. Or, you may want to create a fund that will bear your loved one’s name.

The Community Foundation of Central Wisconsin is grateful for contributions made in memory of friends and loved ones who have passed away. Remembrances contributed to funds within the Community Foundation are a fitting tribute to those who have enriched our lives and our community. These are truly gifts that keep on giving.

Leah Lueck
Community Foundation of Central WI
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