There are many financial events that can happen during a year that make charitable giving a wonderful option for avoiding unnecessary tax payments while increasing your donations to not-for-profits. If you have sold a business, inherited money, or had other capital gains that you’d like to offset, opening a fund at the Community Foundation can offer you several benefits.

• Receive the tax benefit today, and give the money out to your favorite not-for-profits tomorrow, next year, or ten years from now. By making a donation to a donor-advised fund, you can deduct the full allowable amount of the gift in the current year without time restrictions on the distribution of the money.
  
• While your charitable account is held as a part of the Community Foundation, it can continue to grow tax-free.
  
• The Community Foundation is equipped to accept complicated gifts and complete sophisticated transactions quickly.

Our Development staff is available to speak with you, your lawyer, your tax accountant, or your financial planner at any time. Please contact Jenn Owens by phone at 315-883-5540 or by email.