The Foundation offers a variety of ways for you to make donations to reach your philanthropic goals. Corporations and businesses are limited to gifts of cash, securities, closely-held stock, limited partnership interests and real estate. Individuals and families have even more options to consider.
You can create your own fund to use to make donations to any number of charities, or you can support community efforts that the Foundation is focusing on.
Give today. Watch your philanthropic dollars make a difference, and be involved with your philanthropy by establishing a fund today.
Bequest - adding a bequest in your will is a simple way to leave a lasting legacy. Click here for additional information on creating a fund through your bequest or sample bequest language.
Cash gift - tax deductible as provided under current law.
Charitable Lead Trust - creates income for the Foundation for a specified period, after which the remaining principal is distributed to named beneficiaries. Gift and estate taxes are reduced with this type of gift.
Charitable Remainder Trust - allows you (or other named beneficiaries) to receive lifetime income. Upon your death the remaining principal creates a fund at the Foundation. You receive an immediate charitable deduction for a portion of the gift and avoid capital gains tax.
Cryptocurrency - gifts of cryptocurrency are accepted at Greater Toledo Community Foundation. The biggest benefit to a donor giving a gift of cryptocurrency to GTCF is avoiding capital gains tax while still supporting your favorite charity. For tax purposes, the IRS designates cryptocurrency as property and is subject to the same rules that apply to noncash charitable gifts. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause.
Life Insurance Policy - policies can be changed to designate the Foundation as the owner and/or beneficiary of a policy. Retirement fund accounts are often one’s largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Real estate (land, primary residences, vacation homes, farm land, for example) - real estate can be donated to the Foundation and deducted at full fair market value, up to 30 percent of one’s adjusted gross income. The Foundation sells the real estate and the net proceeds capitalize a new fund or are added to an existing fund. Similarly, tangible personal property can be donated to the Foundation, which is also then sold.
Retirement fund accounts are often your largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Appreciated publicly-traded securities - this type of gift avoids capital gains tax and allows the maximum tax deduction for the full market value of the gift. The Foundation also accepts closely-held stock and limited partnership interests. Click here for details on making a gift of securities to the Foundation.
Greater Toledo Community Foundation is honored to carry out the charitable interests and intentions of more than 1000 individuals, families and organizations who have established both current and future funds with us. However, you don’t need a fund to support your community!
It is important to understand that anyone can contribute to an endowed fund — it isn’t required that you establish your own fund with GTCF. Everyone can help us build a better community with a gift to support a cause.
The Foundation offers a variety of ways for you to make donations to reach your philanthropic goals. Corporations and businesses are limited to gifts of cash, securities, closely-held stock, limited partnership interests and real estate. Individuals and families have even more options to consider.
ExploreThe Foundation offers a number of fund options for you, your family, businesses and nonprofit organizations. The funds are flexible and you decide how much or how little you want to be involved in making grants.
Learn300 Madison Ave., Suite 1300
Toledo, OH 43604
Phone: 419.241.5049
Fax: 419.242.5549
Email: toledocf@toledocf.org
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