Tax Benefits of Giving

As a 501(c)(3) public charity, donations to the Chillicothe-Ross Community Foundation offer significant tax advantages. Gifts to the Community Foundation qualify for the best income, gift, estate and generation-skipping transfer tax treatment allowed for charitable transfers:

For Individuals:

• Deduct up to 60% of your adjusted gross income for cash gifts

• Deduct up to 30% for gifts of stock or real property

For Corporations:

• Deduct up to 10% of taxable income

Added Benefits:

• Avoid capital gains tax on gifts of appreciated assets such as stock (both public and privately owned companies) and real estate. Your deduction will be valued at full fair market value, but you won’t have to recognize the built-in gains as income.

• Potentially reduce estate taxes

In addition to the many tax benefits you receive, you also get other benefits, including:

• No start-up fees for creating a fund at the Community Foundation.
• Funds established at the Community Foundation are not subject to private foundation income taxes, excise taxes or 5% mandatory distribution rules.
• Cost savings realized for administration and investment services due to our size and professional staff efficiency. Please call us at (740) 774-GIFT to learn more about the many benefits of working with the Community Foundation.

Remember, these deductions apply when you itemize on your tax return. Always consult your tax advisor for personalized advice.

By giving through CRCF, you’re not just saving on taxes – you’re investing in our community’s future. Let’s make a difference together!