When you make a gift to Triangle Community Foundation, you receive the full tax advantages available by law for gifts to public charities. Community foundation donors are able to avoid capital gains tax for gifts of appreciated assets, and donors’ estate tax liability may be reduced. As a contributor to Triangle Community Foundation, you will enjoy preferential tax treatment in the following ways:
Type of Gift
Tax Advantages of a Gift to Triangle Community Foundation
Cash, Checks & Credit Card Gifts
Deductible up to 50 percent of donor’s adjusted gross income (AGI), with a five-year carryover for any unused portion.
Publicly Traded Securities (Long-Term Capital Gain Property)
Fair market value deduction of up to 30 percent of donor’s AGI, with a five-year carryover for any unused portion. Exemption on capital gains tax on appreciation.
Closely Held Stock
Fair market value deduction up to 30 percent of donor’s AGI, with a five-year carryover for any unused portion. Exemption on capital gains tax on appreciation.
Real Estate
Fair market value deduction up to 30 percent of donor’s AGI, with a five-year carryover for any unused portion. Exemption on capital gains tax on appreciation.
IRAs and Other Retirement Funds
Estate tax deduction for value of donation and no ordinary income tax or capital gains tax due on retirement assets.
Charitable Bequest
Estate tax deduction for value of donation.
Charitable Lead Trust
Income tax benefits vary depending on the type of trust. Avoid capital gains for gifts of appreciated assets and reduce estate or gift tax liability.
Charitable Remainder Trust
Income tax deduction for the actuarially determined value of the gift passing on to charity. Avoid capital gains tax for gifts of appreciated assets and reduce estate tax liability.
