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Giving to the Decatur County Community Foundation
provides many advantages to the donor. The following is a list of some of the
advantages of working with the Foundation to further your charitable
wishes.
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Taxes |
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The government looks favorably at charitable
donations by providing tax advantages. Gifts to the Decatur County Community
Foundation qualify for the maximum tax advantages allowed by the law. When
considering a charitable gift, consider the following tax
issues:
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A gift made during your lifetime receives both state and federal income tax
credit. The gift is not subject to estate taxes.
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A gift of an asset receives a double tax advantage. First, a gift of an asset
receives a tax deduction at its fair market value, which means more advantage
if the asset has appreciated. Secondly, the gift is not subject to capital
gains tax. Giving an asset is very effective for donating appreciated
securities.
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To avoid estate taxes, consider giving gifts that will be taxable to your
heirs, to a charity.
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If looking at planned giving through a charitable remainder trust, the
advantages include: a lifetime charitable gift, no capital gains tax, an income
tax deduction and no estate tax on the gift.
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Simplicity |
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A gift to the Decatur County Community Foundation is
as easy as calling the Foundation and working through a fund agreement. More
details can be found here.
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Permanance |
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A permanent charitable resource is one of the founding
premises behind the Decatur County Community Foundation. This means that the
principle from your gift will never be touched and the income will be used to
support your charitable wishes, forever.
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Flexibility |
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Whether it be your church, your favorite youth sport,
your alma mater or the community in general, the Decatur County Community
Foundation offers you a variety of choices only limited by your imagination.
Your method of establishing a fund has almost as many choices. More details can
be found here .
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Efficient professional management |
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The Decatur County Community Foundation has a
dedicated Board of Directors and Staff who will ensure that your charitable
wishes are handled efficiently and responsibly. From creation of your
agreement, to financial stewardship of your fund, to an annual independent
audit, your funds are monitored closely to make sure that your intent will be
met. Because your fund is part of a pool, the costs are shared and thus lower
than if they were handled separately.
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When considering any gift, we encourage you to talk with your financial advisor
and a staff member at the Decatur County Community Foundation |
