Making
a Gift to the Foundation
The
Northern New York Community Foundation, Inc. serves many donors
with a variety
of charitable interests. Gifts are tax-deductible and may be
made during
the donor's lifetime or by bequest in a will.
Bequests -
A donor designates that the Foundation is to receive a specific
amount, a percent of the estate or a piece of property.
Life
Income Gifts - A donor makes a gift to the Foundation,
in return for which he or she receives income for life.
Gift
Annuity - In exchange for a
gift of cash or securities, a donor receives a guaranteed
annual payment for life. When the annuity terminates, a
permanent endowment
fund is established in the donor's name. This fund may
be used to support a local charitable organization.
Outright
Gifts - Gifts made during a
donor's lifetime can take the following forms:
Friends of the
Foundation Fund - Provides an opportunity for
the donor to make a contribution to the annual operation
of the Foundation's
programs, or to make periodic contributions to the
Foundation's
endowment in a fund named after the donor or his
or her family, or in memory
of a loved one.
Unrestricted Fund -
To be used as the board deems necessary.
Designated Fund -
Allows the donor to restrict payment to named charitable agencies
or projects.
Advised
Fund - Allows the donor to make tax-deductible
gifts to the Foundation and then to make
suggestions to the Board
of Directors for the philanthropic use of the
fund.
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