Ways to Give

Clinton County Community Foundation
 

WAYS TO GIVE

The Foundation for Appalachian Kentucky has many different TYPES OF FUNDS to meet the philanthropic goals of every donor.  From writing a check in any amount for the unrestricted endowment to setting up a donor advised fund for a specific purpose, investing in the community foundation insures transparency and accountability. A good advisor can walk clients through the pros and cons of each type of charitable giving plan and give advice about which assets to use for philanthropy. If you need help finding a financial advisor, please contact our office.

BEQUESTS

Not only does a gift to charity remove the asset from the donor's taxable estate, but it is also the ultimate statement of values. It reminds loved ones, heirs, and the community of where the donor found passion and merit. Charitable bequests add meaning to our lives both now and forever. Bequests to the Community Foundation can add to an existing fund or establish a new fund. The fund can be anonymous or named. It can make grants in a wide area of need that interests the donor, or it can benefit designated charities and churches, which will receive a grant each year in perpetuity. Wills can also provide scholarship funds.  Making a bequest is simple –

  1. Talk to your family about your intentions.

  2. Contact your attorney about creating or amending your will to include a bequest.

  3. Designate Foundation for Appalachian Kentucky, Inc. and any specific designations or restrictions that are important to you.

  4. Indicate the amount of the gift, percentage of estate or list any specific property.

If you desire, notify the Foundation of the bequest to be included in future gift acknowledgements.

CHARITABLE REMAINDER TRUSTS

A charitable remainder trust is a gift plan defined by federal tax law that allows a donor to provide income to himself or herself and/or others while making a generous gift to charity. The income may continue for the lifetimes of the beneficiaries, a fixed term of not more than 20 years, or a combination of the two.  Creating a charitable remainder trust can potentially increase your income and that of a loved one for the rest of your lives, eliminate immediate capital gains taxes on the sale of appreciated assets such as stocks, bonds and real estate, and reduce estate taxes – all while creating a significant gift to your community.

CHARITABLE LEAD TRUST

A non-grantor charitable lead trust is a gift plan defined by federal tax law that allows an individual to transfer assets to family members at reduced tax cost while making a generous gift to Foundation for Appalachian Kentucky.

LIFE INSURANCE

Life insurance may be given to the Foundation and the cash value deducted from income tax. However, the Foundation can also be named as a beneficiary on life insurance policies. Donors may wish to establish a fund at the Foundation by naming Foundation for Appalachian Kentucky as a sole beneficiary, a contingent beneficiary, or a beneficiary of a fixed percentage of the policy.

OUTRIGHT GIFTS

  1. Cash

  2. Stock

  3. Real Estate

  4. Other Property

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