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Types of Gifts

THCF offers flexibility in charitable giving.  Typically, donations are invested and the income is used for grant making to support nonprofits near the hearts of donors.  Depending on the donor’s goals, we will customize an approach that meets their charitable objectives.  With a minimum of $5,000 donors may choose from any of the following current gift options to establish their fund:

Cash: The most common way to make an immediate gift is by writing a check.  This type of cash gift provides immediate liquidity for charity and generates a charitable income tax deduction for the donor in the year of the gift. 

“In Memory Of”: THCF’s memorial giving program offers a way to pay tribute to a living individual or to honor the memory of a loved one, while leaving a lasting legacy to the community.

Appreciated Securities: Giving stocks or bonds may provide greater tax benefits.  If you have owned securities for more than one year and the fair market value has increased since they were purchased, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value.

Real Estate: A gift of real estate that has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the appreciation. 

Personal Property: Selected artwork, books and antiques are also examples of gifts of personal property that can, in certain situations, be an appropriate gift.  However, to ensure that any tangible personal property qualifies for a favorable charitable tax deduction, contact our Office of Planned Giving prior to making a gift.

Planned Gifts: Sometimes called deferred gifts, the term planned gifts refers to specific strategies that benefit charity at some point in the future while offering immediate benefits to the donor.

The gift of a paid-up life insurance policy is a good example.  By designating a qualified charity as owner and beneficiary of such a policy, you will receive a charitable income tax deduction that, in most cases, is equal to your cost basis in the policy.  Visit planned giving to learn more about the types of planned gifts available.