Tax Benefits

Both outright and planned gifts have attractive tax advantages for the donor. Donors should consult their tax advisors before making a charitable gift.

Cash - Donors can claim a current income tax deduction of up to 50% of their adjusted gross income (AGI)

Stocks, Bonds or Mutual Funds - Gifts of appreciated security are deductible at their full market value, as long as they have been held longer than 12 months. The market value is determined by the mean of the high and low trade price onthe day the security was transferred to the Foundation. Donors receive further tax benefits on capital gains, which are completely avoided with this type of gift.

Real Estate - Gifts of real estate, if held for more than 12 months, are deductible for up to 30% of the donor's AGI.

Qualified Retirement Plans - If a donor chooses the Foundation as a beneficiary of their retirement plan, while leaving other assets to their heirs, they can avoid estate and income tax on this asset.

Life Insurance - Donors who name the Foundation as a beneficiary of an insurance policy are entitled to a deduction for the cash surrender value in the year the gift was made.

Advised Funds vs. Private Foundations - There are also numerous tax advantages to setting up a donor advised fund with the Central Susquehanna Community Foundation versus a private foundation. For instance, your CSCF fund will not pay excise tax. Also, there will be no minimum required annual payout.

The Central Susquehanna Community Foundation does not provide legal or financial advice. Donors are encouraged to contact their legal and financial advisors when considering establishing a fund or making a planned gift to The Central Susquehanna Community Foundation.

Central Susquehanna Community Foundation • 309 Vine Street, Berwick, PA 18603 Phone: (570)752-3930 • Fax: 570.752.7435 • Eric DeWald, edewald@csgiving.org