A wide variety of assets can be turned into charitable good to start or add to a fund.
- Outright Gift — The simplest way to make a big difference.
A gift of cash, stocks, bonds, real estate, or other liquid assets. Most gifts qualify for maximum tax advantage under federal law.
- Gift of Real Estate — Turn property gains into good.
The value of real estate may exceed that of any other asset. Use it to fulfill charitable interests and receive financial and tax benefits.
- Gift of Life Insurance — Make the community your beneficiary.
Life insurance provides a simple way to give a significant gift to charity, with tax benefits the donor can enjoy during their lifetime.
- Gift of Retirement Plan — Choose community over taxes.
Naming Eastern Carolina Community Foundation as a beneficiary of a retirement plan is an easy way to make a lasting gift to the community that may not be possible during the donor’s lifetime.
- Gift of Appreciated Stock — Turn stock market gains into community investment.
Everybody wins when a gift of appreciated stock is donated. A gift of stock is reinvested in the community, and qualifies for an immediate tax deduction based on the full market value.
- Planned Gifts
Planned gifts are complex and require expert support from a tax attorney or financial advisor. A number of planned gifts can generate life income for donors or their family members such as charitable gift annuities or charitable remainder or lead trusts. Other planned gifts include bequests or life insurance proceeds.
Gifts to Eastern Carolina Community Foundation are irrevocable. IRS regulations stipulate that a donor cannot make a tax-deductible contribution and retain future control over the contribution. Therefore, the Foundation must retain the right of final determination for the use of funds while allowing the donor to recommend grant recipients. Recommendations are typically approved if no benefit is provided to the donor. Please inquire about the conditions required for Designated Funds established by a public charity.