What to Give
No gift is too small!
For the Sheridan County Community Foundation, no gift is too large or small. Your donation of $25 to any of our funds can make a difference.
Outright Gift. You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Your charitable gift qualifies for tax advantage under federal law.
Bequest by Will. You can designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.
IRA Distribution. You can designate IRA distributions to the community foundation during your lifetime or through an estate gift. This can be treated as either a tax-deductible gift given by the donor directly (qualifying amounts are determined according to your personal tax bracket), or as a Qualified Charitable Distribution (you instruct the IRA custodian to transfer dollars directly to the foundation). A fund can be established with the community foundation to direct gifts according to your wishes.
Gift of Life Insurance. You can designate your local community foundation as the beneficiary of your life insurance policy, and either establish a fund in advance to help the foundation direct your gifts according to your wishes or leave as an unrestricted gift to the foundation to use as needed. You can make your local community foundation the owner of a life insurance policy of a currently paid-up policy or continue to pay premiums where you claim continuing tax deductions on said policy.
Charitable Remainder Trust. You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation and is placed into a charitable fund you have selected. You receive income tax benefits the year you establish your trust.
Charitable Lead Trust. You can place cash or property into a trust that pays a fixed amount to your community foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes.
The Community Foundation has the technical expertise and resources to accept any appropriate asset as a charitable contribution. We regularly work with donors and their professional advisors to create and execute sophisticated giving strategies.
In addition to cash, we accept gifts of:
Bonds and other debt obligations
Real estate, complete or partial interests in residential or commercial real estate
If you need help deciding on which funds to support, please don't hesitate to contact us. We can help match your charitable interests with the appropriate fund.