So, how do you donate to the foundation and with what? The answer to that question is simple. We accept cash, checks, and credit cards. We also accept gifts of appreciated stock, life insurance proceeds, gifts from your retirement funds and gifts of grain. Other types of gifts such as cars, real estate, and works of art may be considered under certain circumstances in accordance with our Gift Acceptance Policy.
Your unrestricted donation to the SRCCF Leadership Fund for Now is just that – a gift for now. It enables us to operate, provides funds for immediate distribution to area agencies and charitable initiatives, and helps us build the core administrative fund. The Leadership Fund for Now is created with unrestricted gifts, earnings on investments and administrative fees. For now, this is where we need your donation the most.
In addition to the Leadership Fund for Now, the following funds can also be created through the Starved Rock Country Community Foundation. Grants are made from all of these funds for the purpose intended by the donor(s).
TYPES OF FUNDS
Evaluate your options
We will help you evaluate your options for giving, as we offer a number of different types of funds to fit your charitable intentions. Call us at 815-252-2906 so we can help you design a plan that makes the greatest impact of your charitable giving.
There are many ways to fund your charitable interests. The Starved Rock Country Community Foundation accepts cash, checks, and credit cards. We also accept gifts of appreciated stock, life insurance proceeds, gifts from your retirement funds and gifts of grain. Other types of gifts such as cars, real estate, and works of art may be considered under certain circumstances in accordance with our Gift Acceptance Policy.
Appreciated Stock makes an excellent charitable gift. Under current tax laws, when an appreciated asset (such as stock) is sold, a capital gains tax is due. By making a charitable gift of the appreciated stock, you avoid the capital gains tax and take an immediate income tax charitable contribution deduction for the full current fair market value of the stock, no matter what was originally paid for it.
Bequest through Will or Trust
One of the most simple and popular ways to make a gift that will live after you is to give through your will or trust. You can make a bequest to benefit one or more charitable not-for-profit organizations by providing a specified dollar amount, specific property, percentage of your estate, or the remainder (what’s left) through a fund at the Starved Rock Country Community Foundation. We provide an extra level of assurance that your charitable intentions are fulfilled. Such a designation can reduce your estate taxes. In many cases, a simple addendum to your will or trust can create a lasting gift for the charities and community you love.
TAX-FREE CHARITABLE IRA – THE OPPORTUNITY OF A LIFETIME
In 2015, the Protecting Americans from Tax Hikes Act made permanent a special opportunity for individuals who want to give back to support charitable organizations and causes. It allows people ages 70 1/2 and older to transfer IRA assets directly to the Starved Rock Country Foundation or other public charities without incurring income taxes today or estate taxes in the future.