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.