Donors don’t have to be a millionaire to help the community. To create a unique fund bearing the name and purpose a donor selects, a gift of cash or assets (stock, real estate, personal property) can be given to The Broadview Heights Community Foundation. Gifts to The Broadview Heights Community Foundation can have a positive influence on the community’s path to the future. There is no restriction on the amount of the donation. The only restriction to a donation is that it must agree with the mission of The Broadview Heights Community Foundation: for the good of the Broadview Heights community.
In partnership with The Broadview Heights Community Foundation, anyone may become a philanthropist at any time and in any amount, through the many flexible giving opportunities it offers.
Gifts to The Broadview Heights Community Foundation are as varied as the donors and the needs of the community for which they are intended. A financial, tax or estate planner, assisted by The Broadview Heights Community Foundation, can help donors select which gift best suits their situation.
If you would like to make a donation to the Foundation, make your check payable to The Broadview Heights Community Foundation and send it to The Broadview Heights Community Foundation, P.O. Box 470275, Broadview Heights, Ohio 44147. There are other ways to contribute as well. You can make a gift of cash, stocks, bonds, real estate, or other assets. Ask your financial advisor, attorney or accountant about how you can contribute to the Broadview Heights Community Foundation. Here are just a few options to consider:
- Lifetime Gifts – Cash, Real Estate or Securities – A gift of cash, real estate or securities to the Broadview Heights Community Foundation enables the donor to benefit from the most advantageous charitable income tax deduction available under current laws. Special consideration should be given to appreciated securities as a tax-favored charitable deduction.
- Simple Bequests – The act of naming The Broadview Heights Community Foundation in your Will is one of the simplest ways of making a gift to the Foundation. In this way, you provide a means of support for your favorite charity and reduce your estate taxes.
- Life Insurance – A life insurance policy may be donated outright to the Foundation or the donor may retain ownership of the policy and name the Foundation as beneficiary. In the first case, there is a reduction in the donor’s income tax; in the second there is a reduction in the donor’s estate taxes.
- Charitable Remainder Trusts – A Charitable Remainder Trust provides life income payments to the donor from invested assets. Upon the donor’s death (or death of other income beneficiaries), the remaining principal of the trust is used to create a fund within the Foundation.
- Pooled Income Fund – A Pooled Income Fund allows irrevocable gifts from separate donors to be commingled for investment purposes. Similar to the Charitable Remainder Trust, this fund provides payment for life to the donor or other named beneficiaries from the annual net income earned by the Pooled Income Fund. The remaining principal transfers to The Broadview Heights Community Fund upon the death of the income beneficiaries.
- Unrestricted Funds – Unrestricted funds are not specifically designated for use by a particular agency, cause or area of interest. Our Board of Directors oversees the use of these funds, setting priorities for their use and determining how grants will be distributed to support the charitable needs of our community. Unrestricted funds give us the ability to respond to pressing and often changing needs in the community.
- Restricted Funds – Restricted funds are specifically designated for use by a cause or area of interest. Our Board of Directors oversees the use of these funds, setting priorities for their use and determining how grants will be distributed to support the charitable needs of our community. Unrestricted funds give us the ability to respond to pressing and often changing needs in the community.
- Tangible Personal Property – If you own a boat, artwork, furniture, or jewelry which you no longer need or your heirs have no interest in receiving. You know that these assets may be best used by turning them into philanthropic dollars. You can give the property to The Broadview Heights Community Foundation and the property can be sold by us to establish your Fund. When gifted to us, gifts of tangible personal property are deductible at full fair market value if we can use them for Foundation purposes. If not, then the donor is entitled to a charitable deduction for their cost basis in the property and the property is put to use for the benefit of the community.
These are just a few of the ways you can contribute to The Broadview Heights Community Foundation. Let us help you select the fund that works best for your particular giving situation. Please click here to contact us for more information.