Assets for Current & Planned Gifts
Whether your client is interested in giving now or knowing what their planned giving options are, we can help.
There are many ways for individuals, families, and corporations to make gifts to The Community Foundation of Middle Tennessee and create opportunities for tax savings for themselves and/or their heirs. We help integrate charitable giving with financial and estate planning through the acceptance of the following assets to establish funds:
Current Gifts: including cash, publicly-traded and closely held stock, life insurance, mutual funds, real estate, and tangible personal property.
Planned Gifts: including bequests, charitable lead trusts, charitable remainder trusts, pooled income fund, deferred compensation plans, or gift remainder interest in residence or farm with retained life estate. Because a bequest to The Foundation allows for an unlimited charitable estate tax deduction, and because combined federal and state estate taxes can be significant, bequests can create tax savings that will be passed on to your clients’ heirs. Through The Community Foundation, a bequest creates a permanent legacy that will serve the community for generations to come.
The IRA Charitable Rollover provision initially established through the Pension Protection Act of 2006 was extended in December of 2010, allowing donors 70.5 and older to direct a portion of their IRA to charity through the end of 2011. The Community Foundation has helped many donors turn a portion of their IRA into a tax-saving gift. For more information, find a fact sheet in the Professional Advisor Toolkit at right.
For additional information, we hope you’ll refer to the Professional Advisor Toolkit at right– including “More About Types of Gifts,” the “Options for Giving” booklet, and “More About Planned Gifts."
Call us to discuss possibilities to meet your clients’ objectives at 615-321-4939.