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.

Upcoming Events

Sep
10
Mon
6:30 pm Ellis County Strategic Doing @ Robbins Center at Fort Hays State University
Ellis County Strategic Doing @ Robbins Center at Fort Hays State University
Sep 10 @ 6:30 pm – 7:30 pm
This event is free and open to the public. Snacks will be provided. Please RSVP to Sandy Jacobs at 785-621-4090 or heartland@gscf.org.   The meeting will include a webinar about how to find and secure[...]
Sep
11
Tue
12:00 pm Trego County Strategic County @ Western Kansas Cooperative Community Room
Trego County Strategic County @ Western Kansas Cooperative Community Room
Sep 11 @ 12:00 pm – 1:00 pm
This event is free and open to the public. A light lunch will be served. Please RSVP to Hardy Howard at 785-743-5791.   The meeting will include a webinar about how to find and secure[...]

Recent News

United Way of Ellis County Partners Through Strategic Doing

The United Way of Ellis County has received a $6,980 grant from Heartland Community Foundation to fund the digitization and distribution of the Ellis County Community Resource Directory. This endeavor was initiated through the Social Services Group of the Strategic Doing process. This group is a collaborative effort of various social service entities in Ellis County who identified the need to have access to and provide access to community resources. The Heartland Community Foundation grant will be used to develop an app for first responders, social and human service entities and individuals to be able to have contact information for referral[...]

Next Strategic Doing Dates Announced for Ellis, Rooks & Trego Counties

  Heartland Community Foundation announces the next Strategic Doing meetings in each county. Each meeting will include a webinar about how to find and secure additional funding sources for community improvement projects. They are open to current Strategic Doing teams, as well as others in each community who would like to learn more about current projects and the process. All meetings are free, but please see below for RSVP information. Rooks County: 6:30 p.m., Tuesday, September 11, at Rooks County Health Center Education Center, at Highway 183 and Washington St. in Plainville. A pizza meal will be provided. Please RSVP to board[...]