Ways to Give

• Cash gifts. Cash gifts are deductible up to 50% of Adjusted Gross Income. A five-year carryover is allowed if the deduction surpasses the allowable limit within the year the gift was made.
• Long-term appreciated assets (e.g.: stock, real estate). If you own long-term appreciated assets (stock, real estate, etc.), you may recognize substantial capital gains tax savings by gifting those shares directly to the Community Foundation, rather than selling them and then making the charitable gift. Donations of long-term appreciated assets are deductible up to 30% of Adjusted Gross Income, with a five year carryover allowed, if the deduction surpasses the allowable limit within the year the gift was made.
• Life insurance. You can name the Racine Community Foundation as the beneficiary of an existing life insurance policy or take out a new policy, naming the Racine Community Foundation as the beneficiary. Premium payments are tax-deductible. This is a relatively low-cost way to make a substantial gift to benefit your favorite charity.
• Retirement assets. Donating retirement assets through a will may provide you with substantial estate tax savings. Currently, gifting of retirement assets from an IRA can be done during a client’s lifetime, but the IRA distribution is taxed.