Ways to Give

The simplest gift is often cash or a check.

Gifts can be made via cash, check or credit card. If making a gift of cash, we highly suggest delivering it to the foundation in person rather than via mail. Cash gifts may be deducted up to 60% of adjusted gross income for income tax purposes. Contributions over that limit can be carried over for up to five years.

Donating appreciated stock offers significant tax advantages. You’ll receive an income tax deduction for the full market value of your gift, avoiding capital gains tax on the stock’s appreciation. This provides a double benefit, allowing you to maximize your charitable impact while minimizing your tax burden. Appreciated stock can be used to establish a new fund or contribute to an existing fund. You can deduct the full market value of your stock donation (up to 30% of your Adjusted Gross Income), and any excess deduction can be carried forward for five years.

One of the simplest ways to make sure your favorite causes are taken care of after your lifetime is to include a statement in your will that a share of your estate shall be distributed the Chillicothe-Ross Community Foundation in your will or trust for the purpose that you name.

Let us know if you have included us in your estate plans so we can fulfill your specific wishes

A gift of real estate can provide the perfect opportunity to make a substantial gift. Gifts of valuable items like jewelry, antiques, or art can also create charitable legacies and lifetime income. Donors have an option to continue to live in their homes through a Life Estate.

The Chillicothe-Ross Community Foundation can accept these more complex gifts, but most will require an appraisal by an impartial party.

Donors can leverage their existing life insurance policies for charitable giving. By irrevocably assigning a life insurance policy to the Community Foundation as both owner and beneficiary, you can create a lasting impact. When the policy matures, the proceeds will be used to establish a permanent fund supporting your chosen charitable causes.

This approach offers several advantages. If the policy is still in force, you can make tax-deductible contributions to cover the premiums. For paid-up policies, you’ll receive an immediate tax deduction for the policy’s cash surrender value. This strategy allows you to maximize the charitable impact of your life insurance while minimizing your tax burden.

Lessen the impact of income, estate and generation-skipping taxes on a family’s inheritance by naming the Community Foundation as the beneficiary, thus removing the asset from the donor’s taxable estate.

For donors age 70 ½ or older, a qualified charitable distribution (QCD) made directly from your IRA to a public charity like The Chillicothe-Ross Community Foundation can help you avoid paying taxes on your distributions while supporting your favorite charities. Note: The law does not allow QCDs to donor-advised funds, but they can be used to establish one of our five other types of funds.

Converting a private foundation to a donor-advised fund at the Community Foundation offers a streamlined approach to philanthropy. By transferring assets to the Community Foundation, you can simplify administrative burdens, leverage professional investment management, and continue to direct grantmaking while benefiting from the expertise and resources of the Community Foundation.

This approach allows you to maintain control over your giving while enjoying the benefits of a well-established and reputable charitable organization. The Community Foundation provides a robust infrastructure for grantmaking, including thorough due diligence and ongoing evaluation, ensuring that your charitable dollars are used effectively and efficiently to address critical community needs.

Corporate giving and annual charitable projects can be administered through the Community Foundation which provides professional fund management and a positive profile for the company at low cost.

Through the Chillicothe-Ross Community Foundation, a charitable organization can establish an endowment fund to be used for operation or further development of the organization.