Gifts

GIVING_gifts1There are many ways to give to your local community foundation. We invite you to contact us to learn more about leaving a lasting legacy for your community and specific options offered with through the Enhance Hamilton County Foundation.

The most common gifts received are cash, appreciated assets and publicly traded stock. Below are other options to consider for those interested in leaving a legacy.

  • Real Estate

    Making a charitable gift of real estate through the Enhance Hamilton County Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the Enhance Hamilton County Foundation, you can use it to fulfill your charitable interests and receive financial and tax benefits.
  • Privately held stock

    When you make a gift of appreciated stock to the Enhance Hamilton County Foundation, your gift of stock is reinvested in your community and it qualifies for an immediate tax deduction based on the full market value.
  • Planned gifts designated through a will or estate plan

    Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make a gift, the Enhance Hamilton County Foundation establishes a special fund that benefits the community forever, and becomes your personal legacy of giving.
  • Life insurance, IRA or 401(k) plan

    Life insurance provides a simple way for you to give a significant gift to charity with tax benefits that you can enjoy during your lifetime.

    Retirement plans provide an opportunity for you to help plan for your community’s future and can be one of the most effective assets to transfer to your local community foundation because they produce taxable income. By naming your local community foundation as the beneficiary of your retirement plan, you could be eligible to receive a number of benefits.

  • Charitable gift annuities

    Giving through a charitable gift annuity allows you to arrange a generous gift to your community, while providing yourself a new income source that you can count on for the rest of your life.

    Charitable gift annuities are easy to establish, require no trust administration, incur no setup costs to the donor and provide partial a charitable income tax deduction for the donor. The donor escapes worries about managing the donated asset and keeping its value up with inflation.

  • Charitable remainder trusts

    A charitable remainder trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
  • Gifts of grain

    Your donation is a simple way to make a lasting difference. The value of the grain can be used to start an endowed fund in the name of your family, to support a specific nonprofit organization important to you or support the overall charitable causes in Hamilton County.

    By giving grain to the Enhance Hamilton County Foundation, you avoid including the sale of the grain in your farm income. Although a charitable income tax deduction is generally not available to you, the avoidance of declaring it as income and the possibility of an Endow Iowa Tax Credit are significant benefits. You deduct the cost of growing the crops that typically results in saving self-employment tax, federal income tax and state income tax. You can benefit even if you don’t itemize your deductions and take the standard deduction. A 25 percent Endow Iowa Tax Credit may be available to you for gifts to a permanent endowment fund benefiting an Iowa charitable cause.

    No matter what type of endowment you choose to establish or support, you can be sure that your gift of grain is growing the future of Hamilton County.

    FAQ – Gifts of Grain

  • Keep Iowa Growing

    Keep Iowa Growing provides a commitment to retaining farmland and ensuring the land will stay in production as it has for generations. The farmland will continue to yield, while the causes you care about will benefit from your legacy of giving. Gifts of farmland are flexible and beneficial for both you and the causes you choose to support. For more information, click here.

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