Cash/Check: The quickest and easiest way to make a difference.
Securities: Donors receive a charitable tax deduction of the current value. If the securities (stocks or bonds) have appreciated in value since purchased, donor pays no capital gains tax.
Life Insurance: A donor can assign the policy and beneficiary rights to the Foundation. The match and charitable tax deduction will be lesser of the costs of cash value of the policy. If the donor continues to pay annual premiums, these, too, are tax deductible. The future benefit to the Unity Foundation will be equal to the face value of the policy.
Charitable Gift Annuity: These are the oldest, simplest, and most popular of the charitable payment plans. You can donate cash, marketable securities, or in some instances real estate, and in return the Unity Foundation guarantees to make specified annuity payments to the donor or other beneficiary. After the benefactor’s death, the annuity transfers to a Unity fund to help support La Porte County forever.
Real Estate: Property that is salable and does not require management. Gifts of long-term appreciated real estate offer tax advantages similar to appreciated securities.
Trust Funds: The beneficiary of a trust that pays a regular income may assign a portion of this income to the Foundation. The donor pays no further tax on this income and may take an income tax deduction for the value of assignment.
Real Estate with Life Interest: A donor may deed a home, farm, rentals, or land to the Unity Foundation, receive an immediate tax deduction for the remainder value, and retain the use of the same until death. The gift will not be subject to estate taxes. The sale of the asset provides a living endowment in the donor’s name.
Charitable Lead Trust: A donor can give assets to the Foundation for a designated period. The income is available for grants. After this period, the property in trust can be returned to the donor or donor’s estate. The donor pays no income or capital gains taxes during the period of control by the Unity Foundation of this asset.
Existing Charitable Trust in Banks: A charitable trust serves as a fund held by the Unity Foundation. Courts have allowed for the transfer and the trust operates as it always has, but now with simpler administration. Funds generally remain in the same financial institution.
Private Foundation Merger or Supporting Organization: For many reasons, individuals of private foundations find it more advantageous to operate as an advised fund within the Unity Foundation.
Agency Endowments: These funds can strengthen non-profit organizations by creating a permanent stream of income, gaining the technical and financial assistance of the Foundation and increasing visibility to the community.