Taxwise Giving

Dream Oaks CampThe Manatee Community Foundation, Inc. is a public charity.  Therefore, gifts to the Manatee Community Foundation are fully tax deductible.  You can establish a fund for yourself or as a memorial to someone special.

A bequest of cash, securities or real property can significantly reduce the taxes otherwise payable by your estate.  Your heirs benefit and your fund continues to do good work in your name permanently as a living symbol of your care and concern for others.

Ways to Increase Your Income

Charitable Remainder Trusts – Deferred gifts may be created so that you or someone you love can receive a liftime income.  At the death of the first beneficiary, the remainder of the trust passes to the Foundation to create a fund for whatever charitable purposes the donor has specified.  These trusts provide current income, tax deductions and/or estate tax deductions.

Gift Annuities – The Foundation offers competitive rates to residents of the State of Florida who give current gifts but retain a lifetime income.  A portion of these gifts may be tax-deductible and income is guaranteed.

Pass Income to Your Children or Grandchildren – Charitable Lead Trusts provide income to a fund in the Foundation for whatever charitable puposes the donor has specified.  After a set number of years the remaining principal of the Trust, any accumulated appreciation, can then be distributed to children, grandchildren or other named beneficiaries, often with very significant estate tax savings.

Utilize Retirement Plan Assets – A donor can use retirement plan assets [401(k), Keogh, 403(b)] to create a fund in the Foundation for purposes the donor has specified.  Also, retirement assets combined with charitable remainder trusts and life insurance trusts can be a valuable way of maximizing benefits from retirement plans.