Donations to 501(c)(3) public charities (such as TCF) qualify clients for a tax deduction. TCF accepts cash, non-cash, and complex assets for charitable giving. Donating assets helps lessen the tax implications for appreciated assets or liquidity events. Through strategic tax planning, contributions can reduce: income tax, capital gains tax, and estate tax.
Per guidelines and policies approved by TCF’s Board of Trustees to govern acceptance of current and deferred gifts from individuals, corporations, and foundations, the following gifts are acceptable:
- Bargain Sales
- Bequests
- Cash
- Charitable Gift Annuities (CGA)
- Charitable Lead Trusts (CLT)
- Charitable Remainder Trusts (CRT)
- Life Insurance
- Life Insurance Beneficiary Designations
- Oil, Gas and Mineral Interests
- Real Estate and Remainder Interests in Property
- Retirement Plan Beneficiary Designations
- Securities (publicly traded & closely held)
- Tangible Personal Property