Options for Giving
The Montgomery County Community Foundation is authorized to accept gifts of all kinds. We encourage our donors to use the full "menu" of giving vehicles to realize their philanthropic goals. All donors may establish and make additions to their funds using both current and deferred gifts. Current Gifts w Cash closely held stock, real estate foundation may also be converted into your donor advised fund or supporting organization within The Community Foundation. This enables you to retain the name and purpose of the private foundation while alleviating the administrative and compliance functions. Planned Gifts
Below is a summary of deferred-giving options. For greater detail, visit the Bequests and Planned Giving page.
Bequest. A bequest to The Montgomery County Community Foundation is as simple as adding a codicil to your will.
Life Insurance. One of the simplest ways to make a significant contribution is to give a life insurance policy to The Montgomery County Community Foundation for your fund. You may give a policy no longer needed, take out a new policy or name The Community Foundation as a beneficiary of an existing policy and receive valuable income and estate tax savings.
Charitable Remainder Trust. A Charitable Remainder Trust (CRT) allows you to establish a trust for the ultimate benefit of your Fund while retaining the income generated by the assets given. A CRT may eliminate capital gains taxes, reduce or eliminate estate taxes, improve lifetime cash flow, and may provide for heirs as well.
Charitable Lead Trust. This trust allows you to provide income to your Fund for a fixed number of years. The remainder is then returned to you or a named beneficiary.
Charitable Gift Annuity. With a Charitable Gift Annuity your one-time gift will pay a return for as long as you and your spouse live. Upon your death, the principal of your annuity will be placed in an endowment fund in your name. You may specify where your money is to go based on your charitable interests, or ask The Community Foundation to allocate the funds where the needs are greatest.
Pooled Income Fund. A Pooled Income Fund works much like a mutual fund. You receive a variable amount of income each year for life for up to two income beneficiaries, and the assets ultimately go to The Community Foundation to benefit your charitable interests.
Retirement Accounts. Qualified retirement plan accounts are subjected to layers of taxation (i.e., estate tax, federal income tax and state income tax). For some accounts, the combination of these taxes can be as high as 75-85 percent! A charitable gift of these funds, however, may provide your Fund at The Montgomery County Community Foundation with 100% of the value.
Life Estate. If you own valuable property that you would like to use during your lifetime, but make arrangements to give it to The Community Foundation upon death, you may receive a current income tax deduction and future estate tax deduction. |
A Regional Affiliate of The Community Foundation for the National Capital Region
