What to Give

There are many ways to give to the community foundation besides cash. While cash is the simplest way to give to your favorite charity, there may be some tax benefits to giving other types of assets. Browse the different ways to give below.

Certain gifts may require review or approval by the Foundation as outlined in our Gift and Fund Acceptance Policies.

Real Estate Gifts of real estate, such as a house, commercial building, or farm land, can make a great gift to the community foundation. If you have owned the real estate for more than a year, you will receive a tax deduction for the fair market value of the property and will avoid paying capital gains taxes. Each gift of real estate is unique and will be reviewed on a case by case basis.

Generally, it is the Foundation’s policy to accept gifts of real estate only if they are to be sold with the proceeds used for a charitable purpose agreed upon by the donor and the Foundation.

Life Insurance Making a gift through a life insurance policy is an inexpensive and easy way to make a substantial contribution to the Community Foundation. Many people find that in later years, they don’t need all the insurance they did when they were younger. You can make a gift to the community foundation for your policy amount by naming the foundation as the owner and irrevocable beneficiary of your life insurance— you can either give a paid-up policy or continue to pay the premiums.

You receive a tax deduction for the approximate cost or fair market value, whichever is less. If the policy is paid up, you receive an immediate tax deduction. If it is not, you can claim continuing tax deductions on premium payments you make directly or through gifts to the Community Foundation.

Stocks, Bonds & Mutual Funds A gift of appreciated property in the form of stocks, bonds or mutual funds is a great way to support your favorite charity and receive greater tax benefits than a cash gift of equal value. You will receive a charitable deduction for the full market value of your property and also avoid capital gains tax. Potential estate taxes could also be reduced.

Closely Held Stock Closely held stock is a special way that business owners can give back to their communities. By transferring shares of your corporation to the community foundation, you will receive an immediate personal charitable income tax deduction while also avoiding the capital gains tax on the appreciated stock.

Tangible Personal Property Tangible personal property is defined as any property, other than land or buildings, that can be seen or touched. Examples include artwork, jewelry and gems, collectibles, boats, cars, tractors and aircraft, timber or business inventory and equipment. This is a great way to turn something meaningful to you into something meaningful for the community.

Grain & Livestock The gift of grain or livestock can have a significant tax savings for farmers and ranchers. When an agricultural producer transfers the legal ownership of grain or livestock to the community foundation before the commodity is sold or auctioned, the producer will not realize taxable income from the sale, minimizing taxes. The producer is still able to deduct the entire expense to produce the commodity.

401K and IRA Accounts Individual Retirement Accounts (IRAs) or other qualified retirement plans are often one of the best types of assets to leave to charity because they are taxed so heavily when left to heirs. When you leave a gift to the community foundation with your retirement plan assets, 100% of the gift will be available to support your charitable interests.

Recent News

Heartland Community Foundation welcomes new board members

Heartland Community Foundation welcomes new board members HAYS, Kan.—The Heartland Community Foundation, which serves Ellis, Rooks and Trego Counties is pleased to announce new board members for the 2021 fiscal year. New Board Members: Ellis County – Jenne Dempewolf Todd Powell Rooks County – Donna Hudson-HamiltonKayla Hilbrink Honored outgoing board members with Board Member Emeritus: The foundation has also honored outgoing board members Nikki Pfannenstiel, Bob Muirhead and Sally Lowry with Board Member Emeritus status. New Officers for the HCF Board of Directors include: President - Hardy Howard, WaKeeneyVice President - Kelli Hansen, PlainvilleSecretary - Katie Dorzweiler, Hays Treasurer - David Herl, Hays [...]

Heartland Community Foundation awards over $161,000 in grants

Heartland Community Foundation awards over $161,000 in grants HAYS, Kan.— During its spring grant cycle, the Heartland Community Foundation awarded over $161,000 to 37 projects throughout Ellis, Rooks and Trego Counties. The following organizations received funding: Ellis County – The Arc of Central Plains, $8,450 to purchase and install a zip line at the park. Jana's Campaign, Inc., $4,000 to develop and implement prevention education programs for secondary and higher education institutions.Learning Cross Preschool, $7,373 to install shade and fencing for the playground.Kansas Big Brothers Big Sisters, $5,000 to maintain matches through COVID-19.Hays Public Library, $5,000 to assist in the construction costs of multipurpose rooms.Hays Community Theatre, $4,500 for COVID-19 relief of mortgage and maintenance[...]