Options for Giving
Philanthropy is essential to sustaining a vibrant community. Every day, we help community members make a difference and leave a lasting legacy. We can help you.
Current Gift Options
We accept cash donations as well as a variety of other assets. We can help you understand the benefits of different types of gifts and the most effective way to apply them. And we are flexible. If you have ideas of your own, please inquire. We’re here to make sure your giving makes an impact.
Cash donations, by check or bank transfers, are the easiest and most popular form of giving.
Gifts of appreciated securities you have owned for over a year can be especially beneficial to you in terms of your tax liability. These securities are deductible at fair market value up to 30 percent of your Adjusted Gross Income. As with cash, amounts exceeding this limit may be deducted for five additional years. In addition, you can avoid long-term capital gains tax on the increased value of appreciated securities. Unlike many other charitable funds, we also accept gifts of non-marketable securities, such as privately held or restricted stock, on a case-by-case basis. This may give you greater flexibility in tax planning.
Real Estate & Other Real Property
We accept gifts of real estate, such as houses, ranches, land, and commercial buildings, on a case-by-case basis. A gift of real estate that you have owned for more than a year may entitle you to take a tax deduction for the fair market value of the property to avoid paying capital gains tax. If you donate a personal residence or ranch and live on the property for the rest of your life, you can receive a current tax deduction for the future value of your gift.
Planned Gift Options
Thoughtful planned giving is the ideal way to support your favorite charities for the long-term.
Bequests allow you to establish a legacy that benefits causes close to your heart—and enable you to keep assets during your lifetime. Bequests can take a variety of forms including specific dollar amounts or particular assets.
You can gift life insurance and secure an estate tax deduction by naming the Community Foundation as a beneficiary of an insurance policy. Or, you can get a tax deduction by donating either a paid-in-full policy or one for which premiums remain to be paid. Gifts of life insurance offer a way to meet your philanthropic interests without affecting personal assets you intend for your family or others.
Life Income Gifts
Life income gifts allow us to invest proceeds of assets you donate and then pay income to you, or designated beneficiaries, for life or a set time-period. With these gifts, you get an immediate tax deduction and leave a significant, lasting legacy. Apart from enhancing your income, life income gifts can also be used to remove assets from your taxable estate, reduce or eliminate capital gains tax, and improve income from low-yield, high-value assets.
Old Bill's Fun Run for Charities
Old Bill’s Fun Run, initiated in 1989, has become a national model for an event designed to maximize collaborative community impact. Old Bill’s strengthens the tremendous work of Jackson’s nonprofits, encourages everyone to give and fosters the spirit of generosity in our community.
You can select from several giving options through Old Bill’s, depending on your charitable goals.
There are two categories for giving: as a community donor and as a Co-Challenger. As a community donor, you make gifts in amounts you choose and allocate them to any of the participating nonprofits you want to support. As a Co-Challenger, you make a lump-sum gift that is used to provide partial matching grants to the participating nonprofits. The matching gifts are not $1-for-$1, but are based on a calculated formula. Co-Challenger donations substantially increase the amount of money that each participating organization raises.