How Can I Give

HOW CAN I GIVE?

Cash

You can write a check to the Door County Community Foundation, Inc. whenever you want. Cash gifts qualify as a charitable contribution for federal income tax purposes and are fully deductible up to 50% of your adjusted gross income in the year of your gift. Deduction amounts exceeding this limit may be carried forward for up to give additional years.

Securities

Gifts of appreciated securities may be used to create a fund or add to an existing fund at the DCCF. By transferring stocks or bonds to the DCCF, you may completely avoid capital gains tax, while securing an income tax deduction for the full current fair market value of the gift of securities equaling up to 30% of your adjusted gross income in the year of the gift.

Real Estate

A gift of real estate yields a deduction for the full fair market value of the property and avoidance of capital gains as in a gift of securities. It carries the additional benefit of the option to retain the right to live in a residence or farm which you contribute.

Bequests

In your will you can include gifts to the DCCF in the following forms:

A gift of cash, stock or property, whether specific or by percentage.

A gift of real estate, whether developed or underdeveloped, a permanent vacation residence.

A gift in trust to benefit family members during their lives with principal conveyed to the DCCF at the time of their passing.

The DCCF can be a named beneficiary of your retirement plan, or a gift of the remainder of an estate when other specific bequests have been fulfilled.

Life Insurance

There are several ways you can give through life insurance. You can give a policy you already own, assign the dividends as a gift, or name the DCCF as a beneficiary. In addition to estate tax benefits, you also gain an income tax deduction.

Charitable Remainder Trusts

You make an irrevocable transfer of assets to a charitable remainder trust. You receive, in return, a liftetime income interest for specified beneficiaries - you, your spouse, children, or friend. Thereafter the assets become part of the DCCF and are used for purposes specified by the donor. Such vehicles include charitable remainder unitrusts and charitable remainder annuity trusts.

Charitable Lead Trusts

You can provide income to the DCCF for a period of years, at the end of which the principal reverts to you or passes to other members of your family. If the remainder is to be passed to a family member, estate taxes are reduced or eliminated, and the gift tax is based on the remainder value, not on any appreciation of the property that might occur over the life of the trust.

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