Giving Now:
Gifts that can immediately create an endowed fund
or add to any existing endowed fund.
Cash
Cash, usually in the form of a check, is an easy and convenient way for you to support worthy causes in the community. Gifts of cash enable 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, with the excess, if any, 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.
Gifts of appreciated securities offer important tax advantages, since their full fair market value is deductible as a charitable contribution up to 30% of your adjusted gross income each year when you itemize deductions. Like gifts of cash, deduction amounts that exceed the limit can be carried forward for up to five additional years. You do not have to pay federal or state capital gains taxes on the appreciated portion of the gift. After The 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.
Real Estate
CSCF 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. CSCF can accept most unencumbered real property gifts.
The Foundation will consider gifts of personal property, such as artwork and jewelry. This type of gift must be discussed individually in advance, so please contact Donna Schuck, Director of Development, at 570.752.3930 or by e-mail at dschuck@csgiving.org.
The Foundation is pleased to accept farm commodities as charitable gifts. Please contact The Foundation if you are considering making this type of gift. It is important that you arrange this gift with The Foundation to be eligible for tax benefits.
To learn more about establishing a fund at the Central Susquehanna Community Foundation, contact Donna Schuck, at dschuck@csgiving.org, or call the foundation office at 1.866.454.6692.
Planned giving can be an important component of your estate plan. The information on this site is not intended as legal, tax or investment advice. Please consult an attorney, tax professional, or investment professional.