When a donor makes an “outright gift” of cash or property to a local community foundation, every dollar goes to work the moment it is given, providing vital current support to local programs and/or building endowment funds (and generating ongoing endowment income). An outright gift gives a donor the satisfaction of seeing their gift at work and knowing that lives are being touched right now because they cared.
Note to reader: The purpose of this publication is to provide general information, not to render legal advice. In addition any changes in the tax structure may affect the examples listed in this information. Your client should consult their own lawyer or other professional advisor about the applicability of this information to their situation.
- Cheques or Money Orders
- Payments on Credit Card
- Pre-Authorized Contributions (PAC), usually paid monthly
- Publicly Listed Securities (including segregated and mutual fund units)
Benefits to the Community Foundation:
- Available for immediate use
- Highly liquid
- Easy to administer
- Limited to no risk
Benefits to the Donor:
- Donation receipt for the full amount of gift
- Straightforward, easy-to-understand transactions
- Significant tax benefits depending on assets gifted
- Satisfaction of seeing the gift at work immediately
Most Appropriate for:
- Everyone (any age) who can afford to give up some principal and the interest it would otherwise earn.