Ways to Give

Present Gifting – Ensuring Philanthropy

Gifts made today of any size makes a difference to our counties communities. Gifts qualify for a charitable deduction from income tax and can be directed to your Donor Advised Fund, or other named fund, or to a wide variety of existing funds at Dickinson County Community Foundation that benefit our county. Gifts can be made with cash, with appreciated stock, or other property for further potential tax benefit. Below are a few easy ways to give.

Cash is the simplest way to donate. It’s quick and easy. You tell us how you want the gift used, whether it’s an established fund or to create your own fund. Simple, easy, quick, and a tax benefit.

Life Insurance
The Community Foundation becomes the owner and beneficiary. Giving the gift of Life Insurance provides an immediate tax deduction if there is a cash value. It also allows a larger gift with a smaller cost, and ongoing premiums payments are tax deductible.

Individual Retirement Accounts (IRA’s)

It’s easy to use your IRA for tax-saving charitable gifts. If you’re 70½ or older, you can transfer any amount up to $100,000 annually directly from an IRA to the Community Foundation of Dickinson County without incurring Federal tax.

Such distributions apply toward required minimum distributions (RMD) and do not add to your income.  These Charitable IRA Rollovers, technically known as Qualified Charitable Distributions (QCDs), include the following possible tax benefits:

  • QCDs are not subject to the annual ceiling on charitable deductions or phase out of deductions for high earners.
  • QCDs are not included in your gross income calculation so you may save on Social Security income taxes, avoid the Medicare tax and enjoy other tax savings.
  • Even if you don’t itemize your deductions, a QCD provides an equivalent tax benefit.

We encourage you to consult with your personal tax advisor to see how you might benefit by making a charitable gift directly from your IRA.

Your QCD can create a new named fund or be added to an existing fund at Dickinson County Community Foundation. However, IRA transfers to a Donor Advised Fund do not qualify as QCDs.

Property and Farmland

Gifts of real estate may save thousands of dollars in income, estate, and capital gains taxes, while providing a substantial benefit to the community and the causes you care about.

The Community Foundation of Dickinson County may accept gifts of residential, commercial or undeveloped real estate that is not subject to a mortgage. A qualified appraisal will be required. You will receive a charitable income tax deduction based on the fair market value of the property, with no capital gains liability on the transfer. We usually sell the property quickly and apply the proceeds from the sale to the Fund you specify, such as your own named fund or another existing fund at CFDC.

The Community Foundation of Dickinson County, has established a holding company – CFDC Holdings, LLC – specifically to accept farmland.  The Community Foundation has partnered with Astra Bank’s Farm Management Program ensuring the ground remains a working farm.  Donors establish the type of fund they wish to see proceeds support.

Future Gifting – Growing Philanthropy

There’s nothing more meaningful than remembering your community or favorite organizations while planning your financial legacy.

There are several ways to make a future gift to the Community Foundation of Dickinson County to benefit an organization, a cause or the county as a whole. You can include CFDC in your will or trust, or you can name CFDC as a beneficiary on various types of accounts.

You may establish your gift by speaking with your attorney or financial advisor, banker, insurance agent. We will work with you to set up a fund which reflects your charitable priorities.

You will then become a member of our Legacy Society, those who have made plans to leave an end-of-life gift through their estate plans or beneficiary designations. 

Live a Legacy, Plan a Legacy, Leave a Legacy. Ask us how.