Ways to Give
There are many ways to give through the Pikes Peak Community Foundation. We understand that each charitable donation is unique and your philanthropic interests are specific to you or your family. Each financial situation is different for each person and your financial, tax or estate planner can help you chose the method that is right for you. Please take a moment to review our Gift Acceptance Policy.
We accept a variety of gifts to establish a fund or to give to a current fund.
Gifts of Cash
Often the obvious choice, but sometimes not the most tax-advantaged choice. Deductible up to 50% of your adjusted gross income.
Often the most tax-advantaged choice. You receive a tax deduction for the fair market value of the securities, up to 30% of your adjusted gross income, plus you don’t pay capital gains tax either. You can carry any excess donation forward for five years.
Real Estate or other real property
Making charitable gifts with real estate or other tangible assets can have great tax advantages. Again, you receive a deduction for fair market value, don’t pay capital gains tax, and can carry forward any excess deduction for five years.
Bequests and Planned Gifts
Once you have achieved financial independence and created a legacy for your family members, you may want to create a community legacy that will reflect your values far into the future. There are many tax-advantaged ways to accomplish that legacy:
- You can create a Charitable Remainder Trust. This kind of trust pays you an income for life; the balance remaining is used for charitable purposes by the Foundation.
- You can create a Charitable Lead Trust to pass assets to future generations in a tax-advantaged way and, at the same time, provide income for a charitable purpose over the life of the Trust.
You may choose to include the Foundation in your estate plans. You can take advantages of the services of the Community Foundation to help implement your bequest plans or to create charitable trust funds from your estate. Remember that your fund within the Foundation can exist in perpetuity, allowing your charitable goals and legacy to be remembered long into the future.
You may make a donation of $500 or more through the Enterprise Zone to the Pikes Peak Community Foundation, Venetucci Farm and/or Greenway Legacy Loop Fund. By donating through the Enterpise Zone, you are not only helping us improve the quality of life in the Pikes Peak region, but you will receive an additional tax credit.
Two easy ways to use life insurance to accomplish your charitable goals:
- Donate a policy to the Foundation. You receive an immediate tax deduction for the cash surrender value.
- Purchase a new policy and name the Foundation as irrevocable owner and beneficiary.
Transfer of Closely Held Stock
If you are the owner of a closely held business, you can use appreciated stock to make charitable gifts through the Foundation. Call us at 389-1251 to learn more about this important giving strategy.