Charitable Fund Types at Truman Heartland Com Fdtn
 

Your Giving

Choose How You Give

Are You Ready to Make a Bigger Impact?

Truman Heartland Community Foundation can help. By partnering with Truman Heartland, you will benefit from our shared resources and join the others in our communities already doing more with their charitable giving.

The goal is simple. The options are vast. We are here to help you find the best vehicle to accomplish your charitable goals.

Your 8 Options for Giving Now

  • Community Grant Making Funds provide Truman Heartland with flexible resources to address the community’s most pressing needs, now and into the future. Our Board of Directors and Advisory Boards make informed funding decisions after reviewing community grant applications and conducting on-site visits insuring the most qualified charities receive funding to meet the current and pressing needs of today and tomorrow.
  • Donor Advised Funds help you become strategic in your giving, receive tax benefits while your investments have the opportunity to grow and allows you to better support the charities close to your heart.
  • Scholarship Funds can benefit individuals attending specific institutions or those with particular backgrounds or interests. We work with you to set appropriate guidelines for candidate selection and scholarship awards to comply with IRS regulations.
  • Field of Interest Funds allow you to concentrate your giving on a particular issue or geographic area — such as ending hunger, protecting the environment, improving education or needs in your community. You direct your giving to the nonprofits addressing your causes or you can give that responsibility to Truman Heartland to make those selections. 
  • Designated Funds support specific charitable organizations of your choice.
  • Nonprofit Partner Funds are set up by nonprofits to grow their assets and, in so doing, can provide a permanent source of revenue for their organization.
  • The Sustainability Fund for Truman Heartland is our permanent endowment, which provides operational support for us to build a better community far into the future.
  • Our Annual Foundation Fan Club is a group of loyal people who are passionate supporters of Truman Heartland and our initiative work and programs in Eastern Jackson County and surrounding communities.

Your 5 Options for Giving Later

Make a Lasting Impact with the Heartland Legacy Society

If you are interested in making a permanent impact in the world, you may consider giving as a part of your estate plan. We have a number of giving options for you and your professional advisor to consider.

We can help you make an impact long after you are gone with these 5 options:

  • Bequests
  • Retirement Accounts
  • Life Insurance
  • Charitable Remainder Trusts
  • Charitable Gift Annuities

Legacy Giving Options

What to Give

Establish a fund with cash, securities or real estate. Truman Heartland has the expertise and the resources to address your needs, your way. We accept gifts of all sizes and types, and specialize in complex gifts. Our Gift Acceptance Policy is available upon request from the Foundation's office.

Your 5 Gift Options:

Cash

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.

Appreciated Stock

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.

IRA Qualified Charitable Distribution

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

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.

Real Estate and Real Property

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.   

Go to the Foundation and set it up. It is easier than you might think!"

Missy Reimann

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Interested in Giving?

Shannon Sundberg is here to help, email or call 816-912-4182.

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