CICF offers a variety of flexible giving vehicles. We work with you and your clients to determine the best means of giving. Gifts qualify for maximum charitable benefit under state and federal law.
Cash or Check: Gifts of cash or check are an easy and convenient way of making a charitable contribution and can be used to establish or add to a charitable fund. Cash gifts entitle donors to a tax deduction, up to 50% of adjusted gross income (AGI), with an opportunity to carry-over any excess deduction for five years.
Read more about making a cash or check contribution.
Securities: Gifts of appreciated securities (publicly-traded stocks and bonds, mutual funds, and stock in closely-held companies) can be used to establish or add to a charitable fund. When appreciated securities are donated, the IRS allows the donor to take a charitable tax deduction (up to 30% of adjusted gross income, with any surplus carried forward over the next five years) on the full fair-market value of the gift providing the donor has held the stock for more than 12 months. Also, capital gains tax can be avoided on the appreciated portion of the gift. Many people find they are able to make a larger gift using appreciated securities instead of cash.
Read more about securities.
Real Property (real estate): Outright gifts of real estate can be made now, later through estate planning, or it can be placed in a charitable remainder trust to provide income to a donor or their children. Gifts of real estate, held more than 12 months, can avoid potential capital gains tax and provide an income tax charitable deduction for the property's full fair-market value. The deduction limit for such property gifts is 30% of adjusted gross income, again offering carry-over of any excess for five years. Since these gifts are considered on a case-by-case basis, please contact Jan Edmondson, Senior Gift Planning Advisor, at 317.634.2423.
Read more about CICF’s Gifts of Real Property.
Charitable Bequest: A bequest can be a percentage of an estate or a specific amount willed to CICF, one of our endowment funds, or a named endowment fund. CICF can also be named as the residual or contingent beneficiary of an estate.
Read more about charitable bequests.
Charitable Gift Annuity: A gift annuity pays a fixed and guaranteed lifetime income for one or two lives, in exchange for a gift of cash, stock, or other property. It offers a current income tax charitable deduction, as well as paying fixed and guaranteed income, some of which may be tax-free income. CICF realizes the gift upon the annuitant’s death.
Read more about charitable gift annuities.
Charitable Lead Trust: With a charitable lead trust, the assets transferred to the trust are eventually returned to the donor or, more typically, to the donor's children. Income is paid to CICF annually while the assets remain in the trust. Such trusts can be created during a lifetime or at death with significant savings in gift or estate taxes possible.
Read more about charitable lead trusts.
Charitable Remainder Trust: This planned giving strategy is ideal for donors who want to provide a life income for themselves, their spouse, or children. The tax benefits for this type of trust are substantial, including a current income tax charitable deduction, free of capital gains tax, and ultimate avoidance of estate tax. Upon the death of the income beneficiaries of the trust, or a term of years, the remaining assets are donated to CICF or to a named endowment fund in order to benefit the community for years to come.
Read more about charitable remainder trusts.
Life Insurance: Life insurance is often purchased when people want protection for their family, business, or estate. However, in later years they often find they do not need all the insurance they did when they were younger. A life insurance policy can be used as a charitable gift, providing valuable income and estate tax savings.
Read more about life insurance gifts.
Qualified Retirement Plans: Currently subject to both estate and income taxes, qualified retirement assets left in an estate could be significantly reduced. Naming Central Indiana Community Foundation as a beneficiary of a qualified retirement plan allows a donor to designate the total accumulation for charitable causes most important to them.
Read more about qualified retirement plans. Anyone who names the Foundation in their estate plan qualifies for membership in Heritage Circle Society.
For more information, please contact Jan Edmondson, Senior Gift Planning Advisor, at 317.634.2423.
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