A cash gift is the simplest way to establish or add to a fund at THCF. Gifts of cash are fully deductible (up to 50% of your adjusted gross income), for federal tax purposes. If your total gifts exceed this limit, the excess may be carried forward and deducted for an additional five years. Your check must be postmarked or hand delivered by December 31st to qualify for the current year.

Gifts of appreciated securities (bonds and stock, including stock in closely held companies) may be used to establish or add to a fund. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely held stock enjoy the same tax benefits as with publicly traded stock. If you prefer to use depreciated stock as a gift, sell it first and donate the proceeds to maximize your tax benefits.

Seniors 70 ½ years of age and over, can transfer their IRA distribution directly to charity. By going directly to charity, the money is not included in the IRA owner’s income and is not taxed. This preserves the full amount for charitable purposes. Ask your IRA administrator to make a qualified distribution to THCF or a fund at THCF. Please note: Donor Advised Funds CANNOT be funded through the IRA distribution per IRS ruling.

Life insurance policies can be used as charitable gifts. If you name THCF as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution. You can then work with THCF to determine how the proceeds of your insurance policy can be used for charitable endeavors in your areas of interest.

Would you like to use real estate to fund your charitable donation? THCF may accept gifts of real estate as in accordance with the THCF Board of Directors Gift Acceptance Policy.

Some gifts of real estate can be used to fund charitable trusts or other life-income vehicles. Gifts of real estate can be used to create donor-advised funds, a designated fund for your favorite organization, or a fund to support your preferred charitable area of interest. Gifts of real estate can also be given directly to THCF’s Community Grants Endowment Fund. Please contact our office prior to any charitable real estate transaction for detailed instructions.