Fairfield Community Foundation
An Affiliate of Hamilton Community Foundation
What to Give
When considering a charitable gift, most people think of writing a check, but many other types of non-cash assets allow you to provide even greater support for the causes you care about. Whether you’re ready to establish a fund, give to a nonprofit, or provide charitable support to a larger community effort, we’re here to help you make an impact. Our customized giving solutions, community connections, and dedicated staff make it easy to support the issues you’re passionate about.
Cash
A cash gift is the easiest way to start a fund or make a gift to an existing fund. Cash gifts are fully deductible up to 50% of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Gifts of Stock
Gifts of appreciated securities (stocks and bonds, including stock in closely held companies) may be used to establish a fund. Such gifts often provide important tax advantages. The full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift. Gifts of closely-held stock enjoy the same tax benefits as with publicly traded stock.
To donate stock, send stock gift instructions to your professional advisor.
Estate/Will Designations
Naming the Community Foundation as a beneficiary in your Will is a simple way to make a lasting gift to your community. You can leave a gift to an existing fund or create your own. Speak to your professional advisor about your particular situation and work with our professional staff to make sure your charitable giving is carried out for many years to come. People who commit to supporting our community forever through a gift from their estate/will, become part of the Community Foundation’s Legacy Society.
IRA Charitable Rollover
The IRA charitable rollover, or qualified charitable distribution (QCD), allows individuals age 70½ and older to make direct transfers of up to $100,000 per year to qualified charities, like the Community Foundation. Individuals do not have to count the transfers as income for federal income tax purposes and transfers may satisfy your required minimum distribution (RMD). An IRA charitable rollover is a way you can help make an impact in your community and benefit this year.
Real Estate
Making a charitable gift of real estate through the Community Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the Community Foundation, you can use it to fulfill your charitable wishes and receive maximum tax benefits.