Whether you’re starting a fund or adding to your fund, here are additional giving options and their benefits.
Appreciated Property
Gifts of appreciated securities or real estate often allow a donor to make a substantial contribution while receiving valuable income tax advantages. Generally, a donor may deduct the fair market value of the gift up to 30% of his or her adjusted gross income with a five-year carryover for any excess. More importantly, the capital gain from the donated asset passes tax free to OCF.
Private Foundation Transfer
The board of a private foundation may transfer its assets to OCF to establish a donor advised fund or supporting organization. The private foundation may retain its name and philanthropic goals with no tax penalty on the transfer.
Other Outright Gift Types
Stock in privately held companies, limited partnerships, company stock options (not employee stock options), personal property, and other unique resources may be excellent assets to contribute.
How to Make Additions to Your OCF Fund
Additions to your fund may be made at any time using cash, securities, or other forms of property. Checks should be made payable to OCF and mailed to the OCF Portland office. Please indicate the fund name on your check.
Gifts of appreciated securities or real estate often allow a donor to make a substantial contribution while receiving valuable income tax advantages. The capital gain from the donated asset (if held by you for at least one year) passes tax free to OCF. Gifts of real estate require a certain amount of due diligence by OCF, and will require the donor to obtain a qualified appraisal.
Under current tax law, individuals may make a gift of an IRA distribution to their OCF Fund with the exception of advised funds. Staff will work with your IRA administrator, if necessary, to facilitate the transfer of IRA assets.
In addition to outright contributions, gifts from bequests, living trusts, and charitable remainder trusts may also be added to an existing fund.
For gifts of cash, securities or IRA distributions contact Katie Breene, Fund Services Associate, 503.227.6846, kbreene@oregoncf.org. For all other gifts contact your fund’s contact person or an OCF charitable gift planner for assistance.