FAQ

What are the financial and tax advantages of gifting through CICF?

Gifts to CICF during your lifetime are deductible to the maximum extent permissible under current tax law—for gifts of cash, that's 50 percent of adjusted gross income (and if in any year donations exceed the percentage limitations set by law, the excess may be carried over the next five years). There's also a considerable tax benefit for gifts of appreciated property. The full market value of such gifts to community foundations (long term capital gain property such as stocks and bonds, or real estate) is deductible up to 30 percent of adjusted gross income. Additionally, CICF professionally manages nearly 800 component funds. CICF works with expert investment managers to invest individual gifts as a family of funds, achieving significant economies of scale in both investment and administration.

 

 

Other Questions You May Have

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What are the financial and tax advantages of gifting through CICF?