Options for Giving
Philanthropy is essential to sustaining a vibrant community, and your charitable partnership makes a difference. The Foundation gratefully accepts gifts of differing sizes and types, including real estate or non-marketable securities, bequests or life income gifts.
Current Gift Options
The Foundation accepts gifts of cash and a variety of other assets. Explore the benefits of different types of gifts to evaluate the most effective way to make a difference today. If you are interested in donating something not specifically listed, please inquire!
Cash donations are the easiest and most popular form of giving. Cash donations are fully deductible for federal income tax purposes at up to 50 percent of your Adjusted Gross Income. Amounts given over this limit may be carried forward and deducted in future years, for up to five years.
A gift of appreciated securities that you have owned for over a year is deductible at fair market value, in amounts up to 30 percent of your Adjusted Gross Income. As with cash, amounts exceeding this limit may be deducted for up to five additional years. In addition, long-term capital gains tax can be avoided on the increased value of appreciated securities. Unlike most commercial charitable funds, the Foundation accepts gifts of non-marketable securities, such as privately held or restricted stock, on a case by case basis, providing donors with greater flexibility in tax planning.
Real Estate & Other Real Property
The Foundation accepts gifts of real estate, such as a house, ranch, land, or commercial building, on a case by case basis. As with appreciated securities, 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 and allow you to avoid paying capital gains tax. If you wish to donate a personal residence or ranch and choose to 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
Regardless of the size of their donations today, many philanthropists still wish they could do more, ideally creating a testament to their life and values. Thoughtful planned giving is the ideal way to support your favorite charities in a long-term, sustainable manner while also realizing significant tax benefits.
The Foundation is forever grateful to those who leave a gift through a bequest. Bequests are one of the most effective methods of establishing a legacy that will benefit causes close to your heart, yet enable you to keep assets during your lifetime. Bequests can take a variety of forms, such as a specific dollar amount or a particular asset, and your estate may be entitled to an estate tax deduction for its full value.
Gift life insurance in a variety of ways. For example, you can name the Foundation as a beneficiary of an Insurance Policy, thereby securing an estate tax deduction. Alternatively, you can obtain an income tax deduction by donating either a paid-up policy or one on which premiums remain to be paid, whether new or acquired in years past. Life insurance can also be used to preserve the legacy passed on to your heirs by replacing other assets donated to charity.
Life Income Gifts
Life income gifts allow the Foundation to invest the proceeds of your donated assets and then pay you, or your designated beneficiaries, income for life or a time period specified by you. With these gifts, you gain an immediate tax deduction and leave a significant, lasting legacy to Jackson Hole. Apart from enhancing your income, life income gifts may 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 is the most innovative fundraiser in the nation, providing a powerful, yet elegant fundraising solution designed to maximize collaborative community impact. Donors have several giving opportunities through Old Bill’s, depending on charitable goals.
This unique annual event is an opportunity to strengthen the tremendous work of Jackson’s nonprofits and to encourage others to give, fostering philanthropy as a community value.