Grow Your Fund

Thank you for creating your charitable fund with us. We hope it has brought you great pleasure and satisfaction. You and others can always add to the fund, right now or as part of your estate planning. You’ll receive the same tax advantages as when you first started the fund.

Give now: build impact during your lifetime

You’ve already done the paperwork to start your fund. Now it’s easy to make additional charitable gifts that expand its impact.

You can donate many different tax-wise assets to grow your fund, each with their own benefit.  

Outright Gift

You can make a gift of cash, stocks, bonds, or marketable assets. Your charitable gift qualifies for maximum tax advantage available by law.

Charitable Gift Annuities

A Charitable Gift Annuity allows you to make a gift to the community while at the same time providing you with a guaranteed income stream. It is an ideal plan for those who would like to make a significant gift during their lifetime but depend on the income from their assets.

Charitable Remainder Trust

You can place cash or property in a trust that pays an annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation and is placed into a charitable fund you have selected. You receive income tax benefits the year you establish your trust.

Charitable Lead Trust

You can place cash or property into a trust that pays a fixed amount to your community foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes.

Give later: tools for planned giving

You can also add to your fund – or even establish new funds – later as a component of your estate planning. Those gifts might include many of the assets described above, plus: IRAs, realized insurance policies, appreciated stock and income-producing tools like charitable gift annuities.

Your assets will flow directly into the charitable funds you designate.

And, as always, we are happy to work with you and your professional advisor, free of charge to both of you. 

Bequest by Will or Trust

When you make plans for a gift to Richland County Foundation through your estate you become a member of the Legacy Society. A bequest to Richland County Foundation can be easily made through a simple designation in a will or trust to establish a fund or add to an existing fund. You may also establish a fund in your name that will go into effect after your lifetime.

Charitable Gift IRAs or Retirement Plans

If you plan to make a charitable bequest, a retirement plan is one of the best types of assets to transfer to a charity because it produces taxable income. Most assets that an heir inherits are free from income tax. However, an heir will pay income tax on disbursements from a decedent's retirement plan such as a profit sharing plan, Section 401(k) plan or IRA. If you are going to make a charitable request, it is usually better to transfer the taxable assets subject to income tax to a tax-exempt charity — such as Richland County Foundation — and to transfer the non-taxable assets not subject to income tax to heirs.

Charitable Remainder Trust

You can place cash or property in a trust that pays an annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation and is placed into a charitable fund you have selected. You receive income tax benefits the year you establish your trust.

Life Insurance Beneficiary

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. By naming the Foundation as beneficiary, you retain ownership of the policy and have access to the cash value as well as the right to change the beneficiary. This type of contribution allows you to give to your favorite charity after you die, even if you don't have the liquid assets right now. While you retain ownership of the policy, there is no charitable deduction for the value of the policy when you designate the Foundation as the beneficiary or for subsequent insurance premiums. However, any proceeds payable to the Foundation at your death will not be subject to federal estate taxes. 

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