An Invitation to Help!
OUTRIGHT GIFT
You can make a gift of cash, stocks, bonds, real estate, or other assets to Marion County Community Foundation (MCCF). Your gift qualifies for maximum charitable benefit under state and federal law.
BEQUEST
You can designate a gift or portion of your estate to MCCF and, in some cases, receive a substantial reduction in federal gift and estate taxes.
GIFTS ANNUITY
You can make a gift of cash or property to MCCF now, get immediate tax benefits, and ensure that you or a loved one receives fixed quarterly or annual income payments for life.
GIFTS IN TRUST
You can place cash or property in a trust that is designed to meet your special needs, whether that is annual income to you or a beneficiary with the balance contributed to MCCF at your death or transferred to your beneficiaries.
Four Great Giving Options!
UNRESTRICTED FUNDS
You can use your gift to meet ever-changing community needs—including future needs that often cannot be anticipated at the time your gift is made. The flexibility of your unrestricted gift enables the Marion County Community Foundation to respond to the community’s most pressing needs, today and tomorrow.
FIELD OF INTEREST FUNDS
You can target your gift to address needs in an important area of community life: Arts, AIDS, Aging, At-risk youth, etc.—the possibilities are endless. You identify your personal interest area when making your gift, and the MCCF Board awards grants to community agencies and programs that are making a difference in the area you select.
DESIGNATED FUNDS
You can direct your gift to a specific agency or purpose. Help provide ongoing funding for a senior center, museum, your church, or virtually any nonprofit charitable organization. You identify the recipient you wish to benefit through your gift, and MCCF will manage the annual distribution of funds.
DONOR ADVISED FUNDS
How a Donor Advised Fund Works
A Donor Advised Fund can help you achieve your charitable goals in an efficient manner. It is an account that can be established and funded currently. You can also name your fund as a charitable beneficiary of your will, charitable trust, gift annuity, retirement plan, or insurance policy.
Gifting Information
Just as the name implies, each year you can advise as to whom, how much, and when to give from your Donor Advised Fund. You may change the charities that benefit from you fund without the expense of changing wills, trust, or other legal documents. With a donor advised fund, you can name successors to carry on your charitable goals. For example, you may name your children, grandchildren, or other trusted advisors to carry on your legacy. This will allow you to pass your giving values on to future generations.
Benefits
Let your investment advisor know your charitable giving goals and ask for help in accomplishing them. Your donor Advised Fund is never subject to public record. This means that your fund will not be solicited by charities except through your own activity.
Tax/Economic Advantages
Your donor Advised Fund qualifies for the highest charitable income and estate tax deductions allowed by law, while bypassing capital gains tax on gifts of appreciated assets to the fund. You will save time and money with a Donor Advised Fund with the Marion County Community Foundation. Through economies of scale, your administrative costs will be minimized. It saves you having to comply with required annual tax auditing and reporting. As part of MCCF, these requirements will be performed for you.
Let Us Help You
A Donor Advised Fund can help you achieve your charitable goals in an efficient manner. It is an account that can be established and funded currently. You can also name your fund as a charitable beneficiary of your will, charitable trust, gift annuity, retirement plan, or insurance policy.
Benefit from Endow Iowa!
Marion County Community Foundation (MCCF) is excited to annouce that through our MCCF Endow Iowa Fund at the Community Foundation of Greater Des Moines, MCCF donors who make qualifying gifts may apply for Endow Iowa tax credits. Endow Iowa allows taxpayers to take a 25% Iowa tax CREDIT in addition to the normal federal charitable income tax deductions for their charitable gifts.
This is an exciting program that benefits both you and the current/future citizens of Marion County. The legislature has authorized approximately $3.7 million in Iowa tax credits in 2011.
Charitable gifts must be made:
• To a permanent endowment fund
• Through a qualified community foundation
• For the benefit of one or more Iowa charitable causes
• By individuals, corporations, or financial institutions
Below is an approximation of the net after-tax costs of contributing through Endow Iowa:
Cash Gift $1,000 $10,000
Less tax benefits:
Net Federal tax savings (assuming max. tax bracket) -$350 -$3,500
Endow Iowa Tax Credit (before federal tax effect) -$250 -$2,500
Net cost of contribution $400 $4,000
We encourage donors to consult with a tax advisor to review their individual circumstances.
Eligible gifts quailfy for credits on a first-come-first-serve basis until the appropriated limit is reached.
This is an impactful way to support MCCF now and in the future. Please contact us with any questions you may have about this generous philanthropic opportunity created by the Iowa legislature.For more information and an application, visit www.iowacommunityfoundations.org/page10753.cfm, or for more information, please contact the Greater Des Moines Community Foundation's Director of Affiliates Ashley Shafer at 515.244.0020.