What Your Clients Can Give

Just like your clients’ philanthropic goals are unique, so are their plans for how and what they want to give. We will work to assure the best tax advantages for them, meet their charitable goals and give them a sense of pride in affiliating with a philanthropic community of caring people who are making a difference.

Click on the links below for details.

WAYS YOUR CLIENT CAN GIVE NOW

• Checks or Credit Cards
• Appreciated Securities
• Real Estate and Other Real Property
• Closely Held Stock/Limited Liability Partnership Interests
• IRA
• Life Insurance

WAYS YOUR CLIENT CAN GIVE LATER – LEGACY GIFTS (PLANNED AND DEFERRED GIFT VEHICLES)

• Outright Legacy Gift Options
• Gift Options that Produce Income

Checks or Credit Cards

Checks are the easiest and most popular form of giving. Your clients also may use their Visa, MasterCard or American Express to donate online to any of more than 4,000 Dayton Foundation funds. There is a 3 percent transaction fee and a $25 gift minimum.

Gifts given via checks or credit cards are fully deductible for federal income tax purposes up to 50 percent of your clients' Adjusted Gross Income. Amounts given over and above this may be carried forward and deducted for up to five years.

Appreciated Securities

Giving stock that has been owned for over a year is deductible in amounts up to 30 percent of your clients' Adjusted Gross Income. Just like with cash, amounts exceeding this limit may be deducted for up to five additional years. Your clients also avoid paying any long-term capital gains tax on the increased value of their stock. Other marketable securities, such as Treasury Bills or mutual funds, provide similar tax-saving advantages.

Real Estate and Other Real Property

Gifts of real estate entitle your clients to a charitable deduction for the fair market value of the property. If they wish to donate a personal residence or farm and choose to live on the property for the rest of their life, they will receive a current tax deduction for the future value of the gift.

The Dayton Foundation also will consider gifts of personal property, such as artwork, collectibles and jewelry. This type of gift arrangement must be discussed individually. Please contact a member of our Development Department at (937) 222-0410 to discuss the details of such a proposed gift. All such gifts, however, are subject to approval by the Foundation’s Gift Acceptance Committee and the Governing Board.

To request a copy of the Foundation’s Gift Acceptance Policy, please contact Amber Smith, Donor Services team lead, at (937) 225-9946.

Closely Held Stock/Limited Liability Partnership Interests

Closely held stocks are shares in a privately owned business. The stock can be contributed outright to The Dayton Foundation. As the donor, you generally are entitled to a deduction for the appraised fair market value, up to 30 percent of your adjusted gross income. Special rules apply to shares of sub-chapter S corporation stock.

If you own limited partnership interests, such as investment or business partnerships, or family limited partnership interests, you also can contribute them to The Dayton Foundation. While donations of these and other more complicated assets require care, consideration and planning, we have the flexibility and expertise to accept them in most cases.

IRA

Individuals over the age of 70 1/2 may transfer up to $100,000 to a 501(c)(3) public charity and not have it show as income for tax purposes. A married couple with two separate IRAs may take up to $200,000 tax free over the same period of time. IRA Rollover assets also may be used to create the following fund options for your client through The Dayton Foundation.

Scholarship Fund - encourages education by providing scholarships to deserving students based upon academic interest or other criteria.

Field-of-Interest Fund - supports a particular area of interest - such as children, education, the arts, health or the environment - and relies on the Foundation’s expertise to determine where community need is greatest.

Community Impact Endowment Fund - enables the Foundation to help address our region’s changing needs by increasing discretionary grants awards and undertaking new initiatives.

Designated Fund - make annual grant awards to your specific charity or charities.

PLANNED AND DEFERRED GIFTS

If your clients are looking to establish an estate plan or to revise an existing one, why not suggest leaving a portion of their estate to The Dayton Foundation as a legacy gift? Remembering charity in their will or financial or estate plans can:

• significantly reduce their tax liability,
• preserve your clients’ charitable intent in perpetuity,
• produce a financial windfall for their favorite church, school or nonprofit organization and,
• when a life income plan is involved, provide added income benefits for themselves and their family.

Charitably minded individuals have committed to The Dayton Foundation through a variety of planned and deferred gifts.

Whether your clients have a particular area of interest or charity they want to support, or want the Foundation to determine where grant monies are needed most in the community, we will honor your clients’ wishes in perpetuity.

Types of planned and deferred giving vehicles include:

Life Insurance

Gifting a life insurance policy is a perfect option. Your client can take a charitable deduction approximately equal to the policy’s cash value at the time he or she makes the gift. If he or she is continuing to pay annual premiums, those premiums will be tax-deductible each year.

Bequests

Bequests through a will are one of the most effective methods of providing for a favorite charity while enabling the donor to keep assets or property during his or her lifetime. Naming the Foundation in a will can be accomplished through an amendment called a codicil and by establishing a deferred fund through The Dayton Foundation.

Types of bequests include the following.

General Bequest – the Foundation receives a designated dollar amount from the residuary estate.

Percentage Bequest – the Foundation receives a percentage of the estate.

Specific Bequest – a piece of property, such as real estate or stock, is transferred to the Foundation.

Residuary Bequest – the Foundation receives the remaining property from your client’s estate after other obligations are met, including all debts, taxes and other bequests.

Contingent Bequest – your client’s gift is contingent upon satisfying other events, such as the death of a spouse.

Retirement Plan Assets

A gift of retirement assets, such as pension plans for Individual Retirement Accounts (IRAs), may enable more money to pass to charity. This could eliminate taxes that may otherwise consume a large part of these assets.

Charitable Trusts

With a charitable lead trust, your clients may transfer assets to a trust, then gift the income to a charity of their choice. Eventually the assets are distributed to their beneficiaries. Properly set up, this type of planned and deferred gift may help your clients redirect income to charity and avoid estate taxes in the future.

Life Estate Remainder Interest

Your client can gift their home, farm or vacation property to the Foundation and retain the right to use the property during their lifetime, after which it is sold by the Foundation. Your client benefits from an immediate tax deduction in the year that the gift arrangement is made.

LIFE INCOME PLANS

Life income plans offer a way to receive income for life and an immediate charitable tax deduction, while leaving an everlasting legacy to the Greater Dayton Region. Additionally, life income plans can:

• provide charitable gift deductions,
• significantly reduce or even eliminate capital gains tax on gifts of appreciated property,
• improve income from low-yield, high-value assets,
• offer effective and flexible retirement planning options,
• remove gifted assets from your taxable estate, and
• provide income for life for the donor and his or her family.

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