Greater Worcester Community Foundation

We make giving easy by accepting a wide
variety of assets. Gifts may be added to an
existing fund or used to create a new
Named Fund.

Options of the types of assets you may
give include:

Cash
A gift of cash is the easiest way to create a
new Fund or add to an existing one, and
are tax deductible to the extent allowed by
law - currently up to 50% of your adjusted
gross income in any one year. Contributions exceeding this limit may be carried over and deducted for up to five years following the gift.
Donate now...

Securities
Stocks and bonds that are highly appreciated may be given to the Foundation, thereby allowing you to deduct the full fair market value as a charitable donation and avoid capital gains tax. For wiring instructions contact Ann T. Lisi.

Closely-held Stock or Family Limited Partnerships
Closely-held stocks such as those in a family company may have substantial tax benefits. Typically, a gift of stock is made to a component fund at the Foundation and later sold for cash. In some instances, your closely-held corporation or family limited partnership may be interested in repurchasing the donated shares. IRS rules preclude any prearranged sale or other agreement that might imply or cause a material restriction to be imposed upon the contribution. More information about closely-held stock, and family limited partnerships...

Real Estate
Property is accepted after careful evaluation, must be readily marketable and free of environmental problems. The Foundation's general policy is to accept gifts of real property so that it may be sold and the proceeds added to an existing Fund or to create a new one. You receive a charitable deduction for the value of the property and avoid capital gains taxes. More information about gifts of real property...

Personal Property
Collections of artwork or porcelain must be marketable and are accepted after careful review. The Foundation will sell the property and use the proceeds to add to an existing fund or create a new one.

Transfer of an Existing Private Foundation
Greater Worcester Community Foundation relieves you of the complying with complex tax and reporting requirements associated with a private foundation, while ensuring that the charitable purpose continues well into the future. Members of the former private foundation may serve in an advisory capacity. Compare a private foundation to a donor advised fund...

Charitable Lead Trust
The trust makes payments to a Named Fund at the Foundation for charitable purposes you specify. After a set number of years, the trust's remaining principal and any accumulated appreciation can be distributed to children, grandchildren or other named beneficiaries, often with significant estate tax savings.

To find out more about creating a Named Fund after your lifetime, through a Charitable Gift Annuity, Pooled Income Fund or Charitable Remainder Trust, click here.

If you have any questions about any of these options or wish to discuss your personal situation, please call Ann T. Lisi, President & CEO.


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