Ways To Give
A cash gift is the easiest way to start a fund or make a gift to an existing fund. Cash gifts are fully deductible up to 50% of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Gifts of appreciated securities (stocks and bonds, including stock in closely held companies) may be used to establish a fund. Such gifts often provide important tax advantages. The full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts, exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely-held stock enjoy the same tax benefits as with publicly traded stock.
Naming The Youngstown Foundation as a beneficiary in your Will is a simple way to make a lasting gift to your community. You can leave a gift to an existing fund or create your own. Speak to your professional advisor about your particular situation and work with our professional staff to facilitate your charitable wishes.
The IRA charitable rollover, or qualified charitable distribution (QCD), allows individuals age 70½ and older to make direct transfers of up to $100,000 per year to qualified charities, like The Youngstown Foundation. Individuals do not have to count the transfers as income for federal income tax purposes and transfers may satisfy your required minimum distribution (RMD). An IRA charitable rollover is a way you can help make an impact in your community and benefit this year.
Life insurance policies can be used as charitable gifts. If you name The Youngstown Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution. You can then work with The Youngstown Foundation to determine how the proceeds of your policy can be used for charitable endeavors in your areas of interest.