The Foundation is a 501(c)3 charity and your contribution may be deductible for income tax purposes. Please see your tax advisor for actual deductibility.
Cash gifts can be made by personal check, credit card, bank wire, money order or bank draft. Outright cash gifts are eligible for an income tax charitable deduction up to 60% of your adjusted gross income.
Checks may simply be made payable and sent to the Jefferson Community Foundation, P.O. Box 81,
Jefferson, WI 53549.
Gifts of appreciated stock is a tax-efficient gift that provides immediate funds to support the Foundation. Since the Foundation is a tax-exempt organization, 100 percent of your gift will support your area of choice. Gifts of long-term appreciated stock have some distinct advantages such as avoiding capital gains tax on the appreciation and the gift may be eligible for an income-tax charitable deduction based on the average of the high and low price the day the stock is recorded in our account (deductible up to 30 percent of your adjusted gross income).
It is possible to make a deferred gift of a future interest. During one’s lifetime the donor retains the life interest in the property and leaves the remaining interest to the Foundation.
By making small, annual tax deductible premium payments, a life insurance policy can be purchased name the Foundation as owner and beneficiary, thus creating a much larger gift than might otherwise be possible.
A bequest is a gift given through a will or trust. A specific amount of money or a percentage of an estate can be designated. Or, the remainder of an estate may be donated to the Foundation after taxes, expenses or other bequests have been fulfilled.