GIFTS WE ACCEPT
Gifts to endowment take many forms. CSCF facilitates donations of all types.
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OUTRIGHT GIFTS
Outright gifts are a simple, convenient way to donate and receive maximum tax advantages. Money, securities, or personal/real property are the usual gifts.
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BEQUESTS
Bequests of cash or property through a will are usually fully deductible for Federal and State tax purposes. The Foundation can also be named as the residuary beneficiary of a donor’s estate, or be named in a charitable remainder trust created by the will.
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LIFE INSURANCE
Life insurance (with the Foundation as the irrevocable beneficiary of a life insurance policy) allows donors an immediate tax deduction in the amount of the cash value of the policy. Insurance premiums paid thereafter by the donor are deductible as a charitable gift.
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MEMORIALS
Memorials made in memory of deceased person, or in honor of living persons, are generous testimonials. Creation of a memorial fund in the CSCF is also a means of achieving permanent memorialization.
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CHARITABLE LEAD TRUSTS
Charitable Lead Trusts name the Foundation as the beneficiary of income from a trust for a specific number of years. The corpus, or bulk of the trust, eventually passes to other named beneficiaries such as children or grandchildren.
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CHARITABLE REMAINDER TRUSTS
Charitable remainder trusts enable the donor to provide a lifetime income to themselves or beneficiaries and leave the remainder of the estate to the Foundation.