You can make a gift of cash or by check to any fund at the Community Foundation and receive the maximum tax advantage under federal law.
We can make your charitable IRA transfer easy, flexible, and effective. Distributions can help satisfy your required minimum distribution and reduce your taxable income. Your qualified charitable distribution incurs no federal income tax, and the asset is no longer part of your estate for tax purposes.
How it Works
- You work with your IRA administrator to transfer a gift from your IRA directly to the Community Foundation of North Florida.
- You must be 73 years old at the time the gift is made from an IRA RMD.
- Distribute your gift directly to an established Agency Fund, Community Foundation Fund or create your own named fund (Designated or Field of Interest fund types allow for maximum tax advantages).
Your gift of stock qualifies for an immediate tax deduction based on the full market value. By making a stock gift, you can avoid capital gains taxes that would be due as a result of its sale and establish a charitable fund that benefits the local causes and organizations you care about most.
How it Works
- You make a gift of appreciated stock to the Community Foundation and we immediately sell it.
- Your gift can be placed into any of our charitable funds. For example, you may use your gift to create a Donor Advised Fund in your name and stay involved in recommending uses of the fund or give directly to an Agency Endowment.
- Your gift qualifies for a tax deduction based on the full market value of your stock; you avoid the capital gains
Name the Community Foundation of North Florida as full or partial beneficiary of a life insurance policy.
Naming the Community Foundation as a beneficiary of your retirement account (401(k) or IRA) is an easy way to make a significant, lasting gift that may not be possible during your lifetime.
Designate a gift amount or portion of your estate to the Community Foundation in your will or trust.
Charitable Lead Trust: A gift of cash or property to a trust that pays a fixed amount to the Community Foundation for the number of years you select. Once this period ends, the assets held by the trust transfer to family members or other beneficiaries.
Charitable Remainder Trust: A gift of cash or property to a trust that pays annual income to you (or other beneficiaries) for life. After your death, the remainder of the trust transfers to the Community Foundation and is placed into a charitable fund you have selected.
Donors that have an existing private foundation may find many benefits to transferring their private foundation to an advised fund at the Community Foundation. Through a simple transfer process, donors can remain involved with their funds but without the administrative burdens. At the same time, donors can ensure that their intent, name and pattern of charitable giving are maintained in perpetuity if desired.
The Community Foundation is ready to guide donors and their advisors through the private foundation transfer process. Learn more here.
Funds established at the Community Foundation of North Florida (CFNF) are component funds of CFNF, a Section 501(c)(3) not-for-profit corporation. All contributions to CFNF funds are treated as gifts to a Section 501(c)(3) public charity and are tax-deductible to the extent allowed by law, and subject to individual and corporate limitations. Acceptance of all gifts is subject to the provisions of the CFNF Gift Acceptance Policy. Any assets contributed to funds at CFNF, once accepted by the CFNF Board of Directors, represent unconditional and irrevocable gifts and are not refundable. Legal control and responsibility for funds rests with CFNF. CFNF does not provide tax or legal advice and recommends consulting a professional advisor with questions about making a gift to CFNF.