Resourceful Ways to Make a Gift
Charitable Gift Annuities
Charitable gift annuities allow you to give the Hawkeye Community College Foundation a gift of money, stocks, bonds, or other liquid assets and the Foundation will pay you, the beneficiary, a fixed amount on a regular basis until death. A large part of this income is tax-free and you also receive a charitable deduction for part of the gift.
This is appropriate for gifts in the $5,000 to $50,000 range.
Charitable Remainder Trust
By designating a specific amount of money to a qualifying trust, it provides income to you (and your spouse) for life or a specific time period; thereafter, the principal will be paid to the Hawkeye Community College Foundation.
These trusts, which are generally described as charitable remainder trusts, assure you income while providing an immediate charitable deduction from the remainder of the interest which will ultimately be paid to the Foundation.
Charitable remainder trusts do not pay capital gains tax therefore making them ideal for stocks or property with a low cost basis but high appreciated value.
Retained Life Estate
A gift of real estate offers you the opportunity to make a significant charitable contribution with a tax-friendly outcome. If you deed property (a house, summer home, farm, etc.) to the Hawkeye Community College Foundation, you and/or your spouse retain the right to live in the house for the remainder of your life. You also receive an immediate income tax deduction for the gift. The Foundation will most likely sell the property when you and/or your spouse no longer need it.