Ways Your Client Can Give
There are many options to choose from when giving to the Community Foundation of Greater Dubuque. Your client can start creating a philanthropic legacy now with an outright gift, or do so later with a planned gift.
Ways to Give Now
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 percent 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. Make a cash gift today.
Everybody wins when you make a gift of appreciated stock to your community foundation. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value.
Making a charitable gift of real estate through 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 interests and receive financial and tax benefits.
Gift of Grain
By giving a gift of grain, you avoid including the sale of the grain in your farm income. Deducting the cost of growing the crops typically results in saving self-employment, federal, and state income tax. And you can still benefit even if you take the standard deduction rather than itemizing your deductions. Download the Gift of Grain information sheet.
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 Community Foundation of Greater Dubuque in an estate plan is an easy way for your clients to make a significant impact on community needs and create a legacy that lasts forever. After ensuring that loved ones have been cared for, your clients can use a variety of assets to make a planned gift and accomplish their charitable goals.
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 special 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 retiree’s individual retirement account (IRA). Download the Charitable IRA Rollover info sheet.
If you are at least age 70 ½ 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.
Although the SECURE Act of 2020 increased the age for required minimum distributions to 72, you can still begin making IRA charitable rollover gifts at age 70½. Please contact your tax professional for recommendations specific to your situation about making rollover gifts before age 72.
Click here to learn how new legislation for 2020 affects retirement savings and giving.
Gifts that Provide Income
Charitable Gift Annuity. Giving through a Charitable Gift Annuity allows you to arrange a generous gift to your community, while providing yourself a new income source you can count on for the rest of your life.
Charitable Remainder Trust. Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
Charitable Lead Trusts
A Charitable Lead Trust helps you build a charitable fund with your community foundation during the trust’s term. When the trust terminates, the remaining assets are transferred to you or your heirs, often with significant transfer-tax savings.