Give a gift that keeps on giving...
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The Avila Beach Community Foundation is a tax-exempt public charity that enables people like you to simply and effectively support the issues you care about.
Ways to Give
Leaving a Legacy
How do you want to be remembered?
Throughout their lifetime, people volunteer regularly and give to charity. Many of them sustain their investment of time and donations by leaving a legacy through their will or estate plan. In that way, your generosity will be remembered in your community forever. Arranging a legacy couldn’t be simpler. Talk to your professional advisor about leaving a gift and the tax benefits associated with planned giving.
Alternatively, a simple, but equally effective approach is to arrange for a bequest to the Avila Beach Community Foundation’s Permanent Endowment Fund, which will help us ensure that whatever community challenges we face in the future, our Board and grant-making committees will have the capacity to respond. The decision is entirely yours.
Gifts of Cash
Cash, usually in the form of a check, is an easy and convenient way for you to support worthy causes in the community. Gifts of cash enable you as a donor to claim a current tax deduction of up to 50% of your adjusted gross income in any one year when you itemize deductions, with the excess, if any, carried forward for an additional five years. Actual savings from gifts of cash depend on your tax bracket—the higher the tax bracket, the higher the deduction.
Gifts of Securities
Gifts of appreciated securities (bonds and stock, including stock in closely held companies) are accepted forms of giving. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amountsthat exceed this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely held stock enjoy the same tax benefits as with publicly traded stock.
Gifts of Real Estate
A gift of real estate can provide generous support for the Foundation or charity of your choice and may generate significant tax savings for you. The Foundation accepts most unencumbered real property, which can allow a donor to contribute more than they may have thought possible. Almost any type of property, such as a personal residence, a vacation home or an undeveloped parcel of land is a valuable gift. When gifting real property, donors can avoid capital gains on the sale of the property and can take a charitable tax deduction.
Gifts of Life Insurance
If you are considering a contribution to the Foundation, a gift of life insurance could be a sensible, as well as generous, course of action. By naming the Avila Beach Community Foundation the beneficiary and assigning us ownership, you receive an income tax charitable deduction. If you make the gift and continue paying the premiums, you can claim the premium amount as an annual tax deduction. The proceeds are completely removed from your taxable estate so long as you do not retain any incidents of ownership. Another option is to name us as the contingent beneficiary in the event your primary beneficiary predeceases you.
Bequests
To leave a bequest is to make a permanent statement of your values. It is by this act that the world will remember you, what you cared about and what you stood for.
A bequest may be:
A general-purpose bequest in your will or trust is most valuable to the Foundation as it gives us the greatest flexibility to use your gift where it is needed most. You may designate either a fixed dollar amount, a percentage of your estate or a particular asset such as real estate. Here is a sample general-purpose bequest language for your attorney.
"I hereby give to the Avila Beach Community Foundation, located at 191 San Miguel Street, Avila Beach, CA 93424, the sum of $__________or __________% of the rest, residue and remainder of my estate] for its general purposes."
The Avila Beach Community Foundation is a tax-exempt public charity that enables people like you to simply and effectively support the issues you care about.
- Think about your goals: Often a conversation with your family members or financial advisor is the best way to start thinking about a charitable plan.
- Decide when to give: Based on your needs, we can help you decide if it is more appropriate to establish a fund immediately, through your will, or through other planned giving strategies.
- Decide what to give: We can talk with you about the different kinds of assets you can use to open a fund. Most people open a fund with cash or stock. You can also make a gift of real estate, life insurance or other property.
- Choose what you want to support: Once you decide what you want to support—with or without assistance from our program staff—you can recommend grants. The Foundation takes care of all administrative details.
Ways to Give
- Unrestricted Gifts: Represent an investment in the future, allowing the Foundation to constangly respond to the changing needs of Avila Beach. Unrestricted funds are added to our permanent endowment and earn income that is used to support community projects in perpetuity.
- Restricted Gifts: Can support a particular area of interest.
- Donor Advised Funds: Play an active role in directing resources to specific organizations or projects. Set up your fund today and take an immediate tax deduction.
- Planned or Deferred Gifts: Allow a portion of an estate to benefit the Avila Beach Community Foundation.
Leaving a Legacy
How do you want to be remembered?
Throughout their lifetime, people volunteer regularly and give to charity. Many of them sustain their investment of time and donations by leaving a legacy through their will or estate plan. In that way, your generosity will be remembered in your community forever. Arranging a legacy couldn’t be simpler. Talk to your professional advisor about leaving a gift and the tax benefits associated with planned giving.
Alternatively, a simple, but equally effective approach is to arrange for a bequest to the Avila Beach Community Foundation’s Permanent Endowment Fund, which will help us ensure that whatever community challenges we face in the future, our Board and grant-making committees will have the capacity to respond. The decision is entirely yours.
Gifts of Cash
Cash, usually in the form of a check, is an easy and convenient way for you to support worthy causes in the community. Gifts of cash enable you as a donor to claim a current tax deduction of up to 50% of your adjusted gross income in any one year when you itemize deductions, with the excess, if any, carried forward for an additional five years. Actual savings from gifts of cash depend on your tax bracket—the higher the tax bracket, the higher the deduction.
Gifts of Securities
Gifts of appreciated securities (bonds and stock, including stock in closely held companies) are accepted forms of giving. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amountsthat exceed this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely held stock enjoy the same tax benefits as with publicly traded stock.
Gifts of Real Estate
A gift of real estate can provide generous support for the Foundation or charity of your choice and may generate significant tax savings for you. The Foundation accepts most unencumbered real property, which can allow a donor to contribute more than they may have thought possible. Almost any type of property, such as a personal residence, a vacation home or an undeveloped parcel of land is a valuable gift. When gifting real property, donors can avoid capital gains on the sale of the property and can take a charitable tax deduction.
Gifts of Life Insurance
If you are considering a contribution to the Foundation, a gift of life insurance could be a sensible, as well as generous, course of action. By naming the Avila Beach Community Foundation the beneficiary and assigning us ownership, you receive an income tax charitable deduction. If you make the gift and continue paying the premiums, you can claim the premium amount as an annual tax deduction. The proceeds are completely removed from your taxable estate so long as you do not retain any incidents of ownership. Another option is to name us as the contingent beneficiary in the event your primary beneficiary predeceases you.
Bequests
To leave a bequest is to make a permanent statement of your values. It is by this act that the world will remember you, what you cared about and what you stood for.
A bequest may be:
- a specific sum
- a percentage of the donor's estate
-
or the residue of the estate
- cash securities
- life insurance proceeds ·
-
real estate or other property
A general-purpose bequest in your will or trust is most valuable to the Foundation as it gives us the greatest flexibility to use your gift where it is needed most. You may designate either a fixed dollar amount, a percentage of your estate or a particular asset such as real estate. Here is a sample general-purpose bequest language for your attorney.
"I hereby give to the Avila Beach Community Foundation, located at 191 San Miguel Street, Avila Beach, CA 93424, the sum of $__________or __________% of the rest, residue and remainder of my estate] for its general purposes."