Gift Types

We accept a variety of gifts that range from simply writing a check to designating a bequest through your estate. Because we are recognized by the Internal Revenue Service as a public charity, you receive the maximum tax benefits allowed by law. Once your fund is established, you may add any amount to it at any time. Please review your charitable gift options and related tax benefits with your professional advisor.

Note:  

Contributions to Lakeshore Community Foundation represent irrevocable gifts subject to the legal and fiduciary control of Lakeshore Community Foundation’s Board of Directors.

Charitable Tax Deductions

A gift of cash is the most popular type of charitable gift because of its simplicity.

Gifts of appreciated property in the form of stocks, bonds, or mutual funds represent the most common types of non-cash gifts.

Stock delivery instructions available upon request.

Retirement assets, such as an IRA, are highly tax-efficient options for charitable giving during your lifetime or upon your passing, helping you to preserve your hard-earned assets for the benefit of your community.

If you are required to take your minimum annual distribution from a traditional IRA and wish to fulfill your charitable goals for the year, you may combine these needs for a more tax-efficient approach to your philanthropic contributions. Please consult your professional advisor for guidance.

A simple bequest in your Will can make a lasting gift to your community. You may give a specific dollar amount, property, such as stocks or bonds, or a percentage of your estate.

With a charitable lead trust, you provide income to a charity, such as Lakeshore Community Foundation, and retain the principal. You determine how much will be paid to the charity and for how long. After the trust terminates, the remaining principal reverts back to you or to another designated individual.

With a charitable remainder trust, you provide income for yourself and/or a loved one for life or for a specified term. At the end of the term, the remainder is paid to a charitable beneficiary such as Lakeshore Community Foundation.

Life insurance is a simple way for you to give a significant gift to charity. If you name Lakeshore Community Foundation as the beneficiary of a policy, your fund receives all or a portion of the proceeds from the policy after your lifetime.

In special cases, other assets, such as real property, may be evaluated by the Foundation for consideration as a charitable gift.