Types of Gifts

Virtually any asset can be used to establish a fund at the Manatee Community Foundation. Among the most common types of assets used are:

Cash – This is the easiest way to contribute and may qualify for maximum allowable income tax deductions.

Stocks and Bonds – If securities are highly appreciated, they may be given so the donor can deduct the full fair market value as a charitable contribution and thus avoid capital gains tax on the appreciation.

Real Estate – May also be given at appraised value so the donor can receive a full charitable deduction and avoid capital gains taxes.

Life Insurance – Can be used to create a major gift at relatively low cost to the donor. If the Lakewood Ranch Community Fund is named owner or beneficiary of a new or existing policy, the donor receives a tax deduction. Additional premiums paid through the Foundation are tax deductible, and proceeds pass to charity, free of estate tax. A special publication is available through the Foundation on all the advantages of contributing Life Insurance

Closely-held Business Interest – Can be gifted to the Lakewood Ranch Community Fund creating a donor advised fund. This can often help minimize the tax implications of the sale or closure of a business.