Investing in Owen County
TYPES OF FUNDS
Giving Toolkit | What to Give
Cash is the simplest and most convenient form of a gift.
You can make an immediate impact on our mission.
You can take a charitable income tax deduction.
How to Make a Gift of Cash:
Mailing a gift of cash - you can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to the OCCF.
More of Gifts of Cash:
Did you know that you can mail a check on December 31st and even if the check is not received and cashed by the Owen County Community Foundation until after the new year, the IRS will allow you to take a deduction in the year the check was mailed? Keep this in mind for year-end tax planning!
Stocks & Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way to make a gift and receive a tad deduction for the full market value of the securities and avoid paying capital gains taxes.
Avoid paying capital gains tax on the sale of appreciated stock.
Receive a charitable income tax deduction.
Further our mission today.
How to Make a Gift of Stocks & Bonds:
By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to the Owen County Community Foundation.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on Gifts of Stocks & Bonds:
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the man between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Donate appreciated real estate, such as a home, vacation property, undeveloped land, farm land, ranch or commercial property and receive a tax deduction for the appraised market value of the property and avoid capital gains taxes on the appreciation.
Avoid paying capital gains tax on the sale of the real estate.
Receive a charitable income tax deduction based on the value of the gift.
Leave a lasting legacy to the Owen County Community Foundation.
How to Make a Gift of Real Estate:
Your real property may be given to the Owen County Community Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to the Owen County Community Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Donating retirement assets from an IRA, 401(k), 403(b), pension or other tax-deferred plan is often the best tax smart asset to leave to charity because they are so heavily taxed when left to heirs.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Avoid potential estate tax on retirement assets.
Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.
Receive potential estate tax savings from an estate tax deduction.
How to Make a Gift of Retirement Assets:
To leave your retirement assets to the Owen County Community Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the Owen County Community Foundation as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
More on Gifts of Retirement Assets:
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to the Owen County Community Foundation. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Please let us know if you have already included Owen County Community Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift by inviting you to become a part of our Legacy Circle.
When you name a charity as the owner or beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction of the cash surrender value of the policy. All premium payments made thereafter are also deductible as a charitable contribution.
Receive a charitable income tax deduction.
If the Owen County Community Foundation retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.
If the Owen County Community Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.
If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.
How to Make a Gift of Life Insurance:
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include the Owen County Community Foundation as the beneficiary of your policy.
Stocks & Bonds
We Keep Policy to Maturity
We Cash in the Policy for Cash Value
Interested in starting your own fund?
President & CEO