Giving now allows you to watch your contribution hard at work for the cause you choose.
Cash, Check and Credit Card
You can give online here or call us at 231. 861-8335 with your credit card in hand. Make checks payable to CFOC and mail to our office:
Community Foundation for Oceana County
P.O. Box 367
Shelby, MI 49455
Stocks, bonds, and most mutual funds are great gifts and they offer tax advantages as well. Typically, you can avoid capital gains tax on appreciated securities by transferring straight to us rather than selling them and gifting the proceeds. Give your financial advisor these stock transfer instructions or contact us with questions.
IRA Charitable Rollover
If you’re 70½ years or older, you can take advantage of this gifting option that Congress made permanent in late 2015. You can transfer up to $100,000 per year from your IRA to the Foundation in a direct rollover without first having to recognize the distribution as income. While the law currently doesn’t allow this gift to be used to start or add to a Donor Advised Fund, there are plenty of other options you can consider to make the impact you desire. Give us a call and let’s talk about them.
Life Insurance Policy
When you name the Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.
Closely Held Stock
If you own closely held stock in your business, which is generally not sold to the general public, you may choose to give it to the Foundation. We can help you pass company ownership to children or key employees without hurting assets and liquidity; sell the company and plan for minimized estate and capital gains taxes; gain enough equity from the company to provide income; and use assets of your business to create a family giving program. Give us a call.
Whether it’s real estate or personal items such as art or jewelry, giving property can be an attractive option. If you have a home, cottage, business property, land, coin or stamp collections, or other valuables that you would like to use for a charitable gift, we can help. Because each gift is unique and specific rules apply to property, we would be happy to meet with you to confirm we are able to accept your gift and discuss the details.