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Give Give Now - Lifetime Gifts
Give Now - Lifetime Gifts
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| Dedicated donors lined up to give money supporting their favorite nonprofits on Match Day in May 2009 |
If you're ready, it's easy to give now. You may contribute any of the assets listed below to establish a fund or to add to one of the Foundation's 900+ funds. We are a qualified 501(c)(3) organization, so your gift is eligible for the maximum tax deduction. Contact a member of the Foundation's development staff if you have any questions.
Cash
A cash gift is easy to give: mail us a check, phone in a credit card donation (231.722.4538), or give online. Your gift in any amount will help change our community. Check out some great reasons to give!
Mail your check payable to CFMC to:
Community Foundation for Muskegon County
425 W. Western Ave., Suite 200
Muskegon MI 49440
Securities
A gift of securities (stock, bonds, and most mutual funds) also provides tax advantages. If your securities have appreciated, you can generally avoid capital gains tax by giving them directly to the Foundation rather than selling them and contributing the proceeds. When making gifts of stock to the Foundation through your broker, it is important to notify us to insure that your gift is deposited and accounted for correctly and in a timely manner.
Closely Held Stock
Owners of closely held or family businesses are often very involved in the community. Many think about creating a family foundation—but discover that there are restrictions applying to private foundations and closely held business interests. A partnership with the Foundation is a cost-effective way to maximize and target your charitable intent while minimizing tax liability. The Foundation can be helpful in the following instances:
- Helping to pass ownership of the company to children or key employees while not straining available assets and liquidity.
- Selling the company and planning to minimize estate and capital gains taxes.
- Getting equity out of the company to provide income for you.
- Creating a family philanthropic program using the assets of your business.
Tangible Personal Property
Contributing tangible personal property such as works of art, jewelry, silver, antiques, and coin or stamp collections can be an attractive option. These items are often costly to insure and often times difficult or unprofitable to sell. There are special rules that govern the giving and acceptance of gifts of tangible property, so please contact us.
Real Estate
Gifts of real estate can include a home, apartment building, farm, vacation home, commercial buildings and income-producing and non-income-producing land. A donor can make an outright gift of all or a portion of real property now or through the estate—or use it to fund a charitable remainder trust that provides income to the donor or the donor's children.
Life Estates
Donors can benefit today from the future gift of a home, be it a primary residence or vacation home. The donor can deed the property to the Foundation, continue to live in the home for life and take an immediate income tax deduction. The Foundation will ultimately sell the property and use the proceeds to create a fund at the Foundation and ensure the donors legacy.
