Accepted Assets

We accept many types of assets to begin your charitable fund. Each philanthropic opportunity offers different financial and tax benefits. Your financial advisor or a member of our team can assist with identifying the right charitable choice for you.  

Cash 

A cash donation made by check or credit card is the easiest way to give to a charitable fund. Cash gifts allow you to claim a tax deduction of up to 50% of your adjusted gross income in the year of the gift with a five-year carry-forward as needed. 

Real Estate 

Give real estate you own to unlock the full appraised value of the property and significant tax and economic advantages.  

Life Insurance 

Transfer ownership of your insurance policy to the Community Foundation and receive a tax deduction for the policy’s cash value.  

Publicly Traded Stocks and Mutual Funds

These assets, particularly ones that have appreciated in value, can help you avoid capital gains while also receiving a charitable deduction. Your tax deduction will be based on the average of the high and low of the market on the date of donation.

Closely Held Stock 

Contribute shares of stock you hold in a privately owned business to the Community Foundation and can receive a deduction for the appraised market value, generally up to 30% of your adjusted gross income. 

Tangible Personal Property 

Gifts of personal property such as jewelry, art, antiques or vehicles may be donated to the Community Foundation on a case-by-case basis to establish your charitable fund. 

Qualified Retirement Plan 

Naming Blue Grass Community Foundation as the beneficiary of your qualified retirement account offers significant tax benefits and preserves your hard-earned assets for the good of your community.  

IRA Charitable Rollover

Donors 70 ½ and older may direct up to $100,000 of their IRA Required Minimum Distribution to a fund at the Community Foundation without having to include the RMD as part of their income (note: donor advised funds do not currently qualify for IRA rollover gifts).