Happier Returns! Create a donor advised fund at GCF before the next tax season, and make the most of your generosity. From choosing charities that matter most to you, to strategies that can help your bottom line – the GCF experience keeps your giving as simple as it is satisfying.
What are the tax advantages? There are tax advantages to making your charitable gifts through a community foundation such as The Greater Cincinnati Foundation (GCF). GCF is a 501(c)(3) public charity, so donors receive the most favorable treatment for income tax charitable deductions resulting from their contributions: Donors making a gift to GCF may offset up to 50% of their adjusted gross income (AGI) for a gift of cash. (In contrast, a cash gift made to a private foundation may offset only 30% of AGI.)
The full fair market value of long-term capital gain property (such as appreciated securities) is deductible from income up to a 30% cap. (A similar gift made to a private foundation may offset only 20% of the donor’s AGI.)
There are no capital gains taxes on gifts of appreciated property.
Any estate taxes that might be assessed if the property remained in your taxable estate are reduced.
