Making a Difference
What Type of Gift Would You Like to Make?
I want to make a gift now. Donors can establish or add to their fund with gifts of cash, publicly-traded or closely-held securities, real estate or personal property. An outright gift accomplishes two important tax objectives: a charitable income tax deduction in the year of the gift and the reduction of the gross estate for future estate tax purposes. In addition, donors eliminate capital gains taxes for gifts of appreciated property.
I want to give through my will. A bequest is the simplest way for many donors to make significant, lasting gifts to their community and reduce the federal estate tax and the inheritance tax due at the donor’s death. Consider directing a percentage of your estate to the Foundation in your will.
I want to use my life insurance policy to make a charitable gift. Name the Foundation as a beneficiary or as a partial beneficiary of your policy. Or, take out another policy to benefit the Community Foundation. Premium payments are tax-deductible.
I want to receive income now and help a charity. Make a tax-deductible gift to establish a Charitable Remainder Trust or a Gift Annuity now and you’ll receive income for a number of years or for life. The Foundation receives the ‘remainder’ of the trust at your death.
I want to help my favorite charity now and leave money to my heirs. Make a tax-deductible gift to open a Charitable Lead Trust now and the Foundation will receive annual payments to support a permanent fund in your name. Your heirs receive the trust’s balance at your death.
I want to live in my house and give it to charity. With a Life Estate agreement, you can donate your home, farm or vacation property and keep the right to live there. You’ll benefit from the income tax deduction now. On termination of your interests, the Foundation will sell the property and establish a charitable fund with the proceeds, simplifying your estate for your heirs.
I want to donate my IRA/Retirement Plan. Simply name the Foundation as the beneficiary of your IRA/Retirement Plan or as a partial beneficiary.
Meet National Standards for operational quality, donor service and accountability in the community foundation sector.
620 DeMers Avenue
Grand Forks, North Dakota, 58201
Office: (701) 746-0668
Fax: (701) 772-3018
Email: communityfoundation@gofoundation.org