There are many options to choose when giving to the Wayne Community Foundation, you can start creating a philanthropic legacy with an outright gift or, do so late with a planned gift.
A cash gift is the simplest way to establish a fund or give to an existing fund. Cash gifts are fully deductible up to 50% of the donor’s adjusted gross income in any one year.
Making a charitable gift of real estate thru your Community Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of your Community Foundation, you can use it to fulfill your charitable interest and receive financial and tax benefits.
Life insurance provides a simple way for you to give a significant gift to charity, with tax benefits that you can enjoy during your lifetime.
Ways to Give Later
Including the Wayne Community Foundation in an estate plan is an easy way for you to make a significant impact on community needs and create a legacy that lasts forever. After ensuring that loved ones have been cared for, you can use a variety of assts to make a planned gift and accomplish their charitable gifts.
Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through your Community Foundation, we establish a fund that benefits the community forever and becomes your personal legacy of giving.
The Charitable IRA Rollover is federal legislation that allows individuals to donate up to $100,000 to charities without a tax penalty when given from the retirees individual retirement account (IRA).
If you are at least 70 1/2 and taking minimum IRA distributions, it’s possible to turn your IRA into charitable good free from federal tax. In addition, gifts to endowments may be eligible for Endow Iowa, the 25% state tax credit.
Charitable Gift Annuity
Charitable Gift Annuities are available through our affiliation with South Central Iowa Community Foundation, a nationally certified foundation. Available with them are Charitable Remainder Trusts and Charitable Lead Trusts. Contact can be made to facilitate this kind of gift.