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What
To Give:
 One
of the reasons that giving through CFFSBC is easy is that we can accept
a wide variety of assets. These include:
o cash: Cash is an easy and convenient way to support the work of the
Foundation. Gifts of cash qualify for federal income tax purposes and
are fully deductible up to 50% of the donor's adjusted gross income in
any one year.
- securities:
Gifts of appreciated
securities (including stocks and bonds) can provide important tax advantages,
since their full fair-market value is deductible as a charitable contribution
up to 30% of the donor's adjusted gross income each year. (Any excess
deduction amount may be deducted over a five-year carry-over period).
Significantly, donors do not have to pay federal or state capital gains
taxes on the appreciated portion of the gift.
The
CFFSBC can accept restricted stock in most cases. Please discuss a gift
of restricted stock with a representative of the Foundation well in
advance of the time you plan to transfer the stock to us.When the securities
are liquidated by the Foundation, the full value of the gift is available
to support your charitable goals.
- marketable
real estate:
A gift of
real estate held more than a year can provide the same federal tax advantages
as those for gifts of securities. Since these gifts are considered on
a case-by-case basis, please contact our Director at:
Gary Byrne, gbyrne@cffsbc.org,
telephone: (831) 630-1924.
- personal
property:
The Foundation will consider gifts of personal property, such as art.
These gifts are also considered on a case-by-case basis, so please contact
a representative of the Foundation to discuss them.
- bequests:
By naming
the Community Foundation For San Benito County in your will or living
trust, you are able to reduce your estate taxes while supporting your
community. A bequest to a charitable group can be a specific amount,
a specific percentage of your estate, or what remains after other bequests
- including those to family members - are made. Or, your will can specify
that your heirs will receive lifetime income from your estate, with
the remainder going to the Foundation for charitable purposes. Here
is suggested language for to use when naming the Foundation as the recipient
of funds through your will or living trust.
- life
insurance: For
those whose need for life insurance has decreased as they've become
older, making a gift of a policy can be a convenient and effective way
of supporting the Foundation. By transferring ownership of the policy
to the CommunityFoundation for San Benito County, you become eligible
for a charitable tax deduction based on the current value of your paid-up
policy.
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The
Community Foundation For San Benito County
719 San Benito St., Suite G
Hollister, CA 95023
(831) 630-1924
Fax: (831) 630-1934
©
2003, The Community Foundation for San Benito County.
All Rights Reserved.
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