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2010 Administrative Support Campaign
LCCF is in the midst of its year end campaign to support administrative operations for 2010. Your financial support is really needed. Also, please remember, your contributions to LCCF are tax-deductible.
Any contribution to LCCF received before December 31, 2009 will be recognized in our Foundation’s 2009 annual report. In that report LCCF will pay tribute to the contributors in the following order:
Benefactor - Contributors of $1,000 and above
Patron - Contributors of.$500 and above
Friend - $250 and above (Friend)
Supporter - Contributions under $250
To contribute, please make your check out to the Lewis & Clark County Community Foundation and mail it to the following address:
Lewis & Clark County Community Foundation
P.O. Box 92
Helena, MT 59624
For additional information about our year-end campaign, please call: (406) 443-8313, extension 106
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7 Ways to Give to LCCF |
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Tax laws can be quite complex and we recommend you consult with your tax advisor before making any charitable gifts. Members of the Lewis and Clark County Community Foundation would be pleased to meet with you and your tax advisor to discuss these ideas and other options for giving to your local community foundation.
- Cash/Check
This is by far the easiest way to give to charity. Cash gifts are 100% tax deductible and significant cash gifts can reduce your taxable estate.
- Marketable Securities
The gift of appreciated stock to the community foundation provides you with a charitable contribution of the fair market value of the stock. This allows you to benefit charities, avoid capital gains tax on the appreciated value of the stock, and reduce your taxable estate.
- By Will or Living Trust
Charitable bequests allow you to leave a lasting gift to the community foundation while reducing your estate tax burden. You can leave a specific dollar amount, a percentage of your estate or specific real and/or personal property.
- Life Insurance Policies
A life insurance policy is an excellent tool for charitable giving. The gift may provide a current federal income tax deduction, as well as a Montana tax credit. Ownership of the policy is transferred to the community foundation, and upon the death of the insured the proceeds are added to the endowment.
- Charitable IRA
You can save income and estate taxes by naming the Lewis and Clark County Community Foundation as the beneficiary of your IRA or qualified retirement plan. You may still receive distributions from these accounts during your lifetime. The balance in the accounts is paid to charity at your death.
- Charitable Remainder Trust
This is a wonderful method for making a planned gift to the community foundation. By establishing a charitable remainder trust, you can provide lifetime income for yourself, spouse or others, reduce your taxable estate and deduct a portion of the gift as a charitable contribution currently. This type of gift can also qualify for a Montana tax credit. Because it is more complex, this method is best suited for gifts of at least $100,000.
- Charitable Gift Annuity
Similar to a charitable remainder trust, this vehicle is less complex. It is a simple agreement between you and the community foundation whereby you give assets to the foundation, and in exchange for the assets the foundation agrees to pay you a guaranteed life income. The income is based on your age at the time of the gift. You may take a current income tax deduction for a portion of the gift and this type of gift may qualify for a Montana tax credit.
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