One of the most appealing advantages for donors who give through the Frankenmuth Community Foundation is flexibility. We offer our donors a variety of tax-effective ways to make gifts and achieve their charitable goals.

 

 Cash

Cash is the easiest way to contribute to the Foundation and often qualifies for the maximum allowable income tax deductions.

You may make a secure donation with a credit card right here on our site via PayPal. Click on the donate button below and you will be taken to a donation form.

 IRA Charitable Rollover

If you are 70 1/2 or older, find out how you can annually transfer up to $100,000 anytime during the year from your IRA directly to charity without first having to recognize the distribution as income. Use this form to request a Qualified Charitable Distribution (“QCD”) from your IRA or beneficiary inherited IRA.

 Marketable or Closely-Held Securities

Appreciated stocks and bonds may be given to the Foundation. This can provide important tax advantages for donors who have held assets for a long period of time.

 Real Estate

May be also be given to the Foundation at its current market value allowing the donor to receive a full charitable deduction and avoid capital gains taxes.

 Life Insurance

Life insurance can be used to create a major gift for the Foundation in one of two ways. First, the donor can transfer ownership of a policy to the Foundation and receive a current income tax deduction in the year the transfer is made. Second, the donor, while retaining ownership of the policy, can simply name the Foundation as beneficiary of the policy effective upon his or her death. At that time, his or her estate will receive a tax deduction.

  Retirement Plans

Donors may name the Frankenmuth Community Foundation as the beneficiary of an IRA or other retirement assets such as a 401(k), Keogh, or 403(b). These funds may be used to establish a new fund or contribute to an existing one.

 Bequests

Bequests to the Frankenmuth Community Foundation in a donor's will allows charitable intentions to be carried out in perpetuity and can significantly reduce the taxes otherwise payable on his/her estate. This ensures that the donor provides a lasting legacy for the causes he/she cares about most.

 Retain Income from a Charitable Gift

There are many ways to make a charitable gift and still receive income for life or for a specified time. Through these methods donors can retain income for themselves and their spouse while obtaining deductions on current income, estate and gift taxes. The following are two examples:

  • Charitable Gift Annuities: The Foundation offers competitive yields to individuals who want to make current gifts yet retain a lifetime income. A portion of these gifts may be tax-deductible, and income is guaranteed.
  • Charitable Remainder Trusts: This type of planned gift can be created so that the donor or other specified beneficiary receives a lifetime income. At the death of the income beneficiary, the remainder of the trust passes to the Foundation for use toward the charitable purposes specified by the donor. These trusts provide a current income tax deduction if irrevocable or, if revocable, an estate tax deduction upon the donor's death.

To learn more about the benefits and process for making a gift to Frankenmuth Community Foundation, please contact Executive Director Steve List at 989-284-4674 or This email address is being protected from spambots. You need JavaScript enabled to view it..

 

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