There are many options to choose from when giving to the Community Foundation of Greater Dubuque. Your client can start creating a philanthropic legacy now with an outright gift, or do so later with a planned gift.
A cash gift is the simplest way to establish a fund or give to an existing fund. Cash gifts are fully deductible up to 50 percent of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years. Make a cash gift today.
Everybody wins when you make a gift of appreciated stock to your community foundation. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value.
By giving a gift of grain, you avoid including the sale of the grain in your farm income. Deducting the cost of growing the crops typically results in saving self-employment, federal, and state income tax. And you can still benefit even if you take the standard deduction rather than itemizing your deductions. Download the Gift of Grain information sheet.
Including the Community Foundation of Greater Dubuque in an estate plan is an easy way for your clients to make a significant impact on community needs and create a legacy that lasts forever. After ensuring that loved ones have been cared for, your clients can use a variety of assets to make a planned gift and accomplish their charitable goals.
The Charitable IRA Rollover is federal legislation that allows individuals to donate up to $100,000 to charities without a tax penalty when given from the retiree's individual retirement account (IRA). Download the Charitable IRA Rollover info sheet.
If you are at least age 70 ½ and taking minimum IRA distributions, it's possible to turn your IRA into charitable good free from federal tax. In addition, gifts to endowments may be eligible for Endow Iowa, the 25% state tax credit.
Charitable Gift Annuity. Giving through a Charitable Gift Annuity allows you to arrange a generous gift to your community, while providing yourself a new income source you can count on for the rest of your life.
Charitable Remainder Trust. Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
A Charitable Lead Trust helps you build a charitable fund with your community foundation during the trust's term. When the trust terminates, the remaining assets are transferred to you or your heirs, often with significant transfer-tax savings.