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Give Becoming a donor Types of gifts
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You can use a wide variety of assets to set up or add to your fund. Click below to learn more.
CashCash is an easy and convenient way for you to start or add to a fund that supports the causes you care about in your community. A cash gift, usually in the form of a check, enables you as a donor to claim a current tax deduction of up to 50% of your adjusted gross income in any one year when you itemize deductions. The excess, if any, can be carried forward for an additional five years. Actual savings from gifts of cash depend on your tax bracket — the higher the tax bracket, the higher the deduction. Giving Cash Please make checks payable to Inland Northwest Community Foundation. At the bottom of the check, or in the memo filed for an e-check, please indicate the name of the fund (e.g., The Doe Family Fund) to be credited with the gift. You may mail or deliver the check to: Inland Northwest Community Foundation If you wish to make a wire transfer, please contact us by telephone at (509) 624-2606 or by email and we can provide you or your bank with the information you need to do. Stocks & SecuritiesGifts of appreciated securities offer important tax advantages. You do not have to pay federal or state capital gains taxes on the appreciated portion of the gift. The full fair market value can be deducted as a charitable contribution up to 30% of your adjusted gross income each year when you itemize deductions. Deduction amounts that exceed the 50% limit can be carried forward for up to five additional years. Click here to download a Securities Transfer Form which you can complete and fax to the Foundation at (509) 624-2608 or give to your investment advisor. After Inland Northwest Community Foundation liquidates the securities, the full value of the gift is available to support your charitable goals. For more information on various securities and how to give them, click on any of the links below.
Publicly traded stock or bonds
The date of the gift is the date your letter is postmarked or delivered to us in person. Inland Northwest Community Foundation has many brokerage accounts and may well have one with your brokerage firm. However, if you prefer to use your own brokerage firm and broker, we will need to know the name of the stock, number of shares, and the name and contact information for the broker handling the transaction. We will work with your broker to complete the transaction. If you have any additional questions, please contact us by telephone at (509) 624-2606, or contact us. Electronic transfers of securities: When your securities are held at a brokerage, you may have the securities transferred electronically. To do this:
Inland Northwest Community Foundation has many brokerage accounts and may well have one with your brokerage firm. However, if you prefer to use your own brokerage firm and broker, we will need to know the name of the stock, number of shares, and the name and contact information for the broker handling the transaction. We will work with your broker to complete the transaction. If you have any additional questions, please contact us by telephone at (509) 624-2606, or by email. Closely Held Stock Restricted Stock Partnership Interests Mutual Funds Real EstateInland Northwest Community Foundation can accept a gift of a house or other personal residence, farm, commercial buildings, and income-producing or non-income producing land. A gift of real estate that you have owned for more than a year entitles you to the same federal tax advantages as those for gifts of securities — a tax deduction for the fair market value of the property — while allowing you to avoid paying capital gains tax. INWCF can accept most unencumbered real property gifts. Personal PropertyThe Foundation will consider gifts of personal property, such as artwork and jewelry. This type of gift must be discussed in advance as these gifts are accepted on a case by case basis, so please contact our Director of Gift Planning, PJ Watters, at (509) 624-2606, or by email. BequestsNaming Inland Northwest Community Foundation in your will or living trust is a popular way to support the community. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests — including those to family members — are made. If you wish, your will can specify that your heirs receive lifetime income from your estate, with the remainder going to the Foundation for charitable purposes. The bequest can also flow into a donor-advised fund for your children to carry on your family’s philanthropy. For your convenience, we have provided sample language for a bequest here. Retirement Plan AssetsFor a gift through your estate, retirement plan assets are often the best to give because they are so heavily taxed if left to heirs. Income and estate taxes can easily consume over 65% of the account balance at death. By naming the Foundation as the remainder beneficiary of these assets, you can leave a very efficient legacy. Life InsuranceWhen your need for life insurance has decreased, making a gift of an unneeded policy can be a convenient and effective way of meeting your charitable goals. When you transfer ownership of a cash value policy to Inland Northwest Community Foundation, you become eligible for a charitable tax deduction based on its current value. A gift of life insurance can also be a part of your estate planning. To learn more about establishing a fund at Inland Northwest Community Foundation, or to discuss ways to give, call us at 509 624-2606 or contact us.. |
