Gifts to the Community Foundation can be made in a variety of ways, for a variety of purposes. We accept a wide range of assets, giving you the flexibility to use your resources to support the charitable causes that you are most passionate about.
Your gift can be as simple as making a cash gift, in any amount, to one of the existing funds of the Foundation, or as sophisticated as donating appreciated property to establish several different funds tailored to fit your philanthropic goals.
The Foundation accepts the following types of gifts:
Gifts of cash in any amount are always welcome and the easiest way to support the causes you care about. Real estate, appreciated stock and other tangible property can also be donated to the community foundation and provide immediate tax benefits for donors.
- Unencumbered Real Estate
- Stocks & Bonds
Not only does a gift to charity remove the asset from the donor's taxable estate, but it is also the ultimate statement of values. It reminds loved ones, heirs, and the community of where the donor found passion and merit. Charitable bequests add meaning to our lives both now and forever. Bequests to the Community Foundation can add to an existing fund or establish a new fund. The fund can be anonymous or named. It can make grants in a wide area of need that interests the donor, or it can benefit designated charities and churches, which will receive a grant each year in perpetuity. Wills can also provide scholarship funds. Making a bequest is simple –
- Talk to your family about your intentions.
- Contact your attorney about creating or amending your will to include a bequest.
- Designate Foundation for Appalachian Kentucky, Inc. and any specific designations or restrictions that are important to you.
- Indicate the amount of the gift, percentage of estate or list any specific property.
If you desire, notify the Foundation of the bequest to be included in future gift acknowledgements.
CHARITABLE REMAINDER TRUSTS
A charitable remainder trust is a gift plan defined by federal tax law that allows a donor to provide income to himself or herself and/or others while making a generous gift to charity. The income may continue for the lifetimes of the beneficiaries, a fixed term of not more than 20 years, or a combination of the two. Creating a charitable remainder trust can potentially increase your income and that of a loved one for the rest of your lives, eliminate immediate capital gains taxes on the sale of appreciated assets such as stocks, bonds and real estate, and reduce estate taxes – all while creating a significant gift to your community.
A non-grantor charitable lead trust is a gift plan defined by federal tax law that allows an individual to transfer assets to family members at reduced tax cost while making a generous gift to Foundation for Appalachian Kentucky.
CHARITABLE LEAD TRUST
Life insurance may be given to the Foundation and the cash value deducted from income tax. However, the Foundation can also be named as a beneficiary on life insurance policies. Donors may wish to establish a fund at the Foundation by naming Foundation for Appalachian Kentucky as a sole beneficiary, a contingent beneficiary, or a beneficiary of a fixed percentage of the policy.
Retirement Plans or IRA Accounts
Donors may make lifetime gifts of retirement assets or name the Foundation as the beneficiary of their plan. Retirement plans include, but are not limited to, Individual Retirement Accounts (IRA), 401(k), 403(b), and defined contribution plans.
If you would like to learn more about how to give, contact us. We are here to help you.