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cash gift is tax deductible as provided under current law.
Donations of appreciated publicly-traded
securities are accepted. This type of gift avoids capital gains tax and allows the maximum tax deduction for the full market value of the gift. The Foundation also accepts
closely-held stock and
limited partnership interests.
Click here for details on making a gift of securities to the Foundation.A
bequest in your will is a simple way to leave a lasting legacy.
Click here for additional information on creating a fund through your bequest or
sample bequest language.
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life insurance policy can be changed to designate the Foundation as the owner and/or beneficiary of a policy. Retirement fund accounts are often one’s largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Retirement fund accounts are often your largest asset. You can give all or part of these assets to the Foundation, both during your lifetime and/or at your death.
Real estate (land, primary residences, vacation homes, farm land, for example) can be donated to the Foundation and deducted at full fair market value, up to 30 percent of one’s adjusted gross income. The Foundation sells the real estate and the net proceeds capitalize a new fund or are added to an existing fund. Similarly, tangible personal property can be donated to the Foundation, which is also then sold.
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charitable remainder trust allows you (or other named beneficiaries) to receive lifetime income. Upon your death the remaining principal creates a fund at the Foundation. You receive an immediate charitable deduction for a portion of the gift and avoid capital gains tax.
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charitable lead trust creates income for the Foundation for a specified period, after which the remaining principal is distributed to named beneficiaries. Gift and estate taxes are reduced with this type of gift.
Greater Toledo Community Foundation is honored to carry out the charitable interests and intentions of more than 900 individuals, families and organizations who have established both current and future funds with us. However, you don’t need a fund to support your community!
It is important to understand that anyone can contribute to an endowed fund — it isn’t required that you establish your own fund with GTCF. Everyone can help us build a better community with a gift to support a cause.
GTCF has identified three community issues that need ongoing attention and support, and incorporated these as a focus in our strategic planning. Those are
- Economic Opportunities
- Education
- Women and Girls
GTCF created this fund in 2014 to support grant making which helps develop and expand economic opportunities in northwest Ohio and southeast Michigan. This includes efforts to support neighborhood improvements, job readiness and workforce training.
GTCF created this fund in 2014 to support grantmaking focusing on the development and education of children and young people residing in northwest Ohio and southeast Michigan. This includes looking at the developmental needs of 3-5 year olds and exploring programs/models that help children be prepared for kindergarten, while also providing educational support to all students through high school. Supporting the youth of our community from cradle to career.