Charitable giving encompasses more than just cash donations. Families and businesses can tap into Kern Community Foundation to quickly and easily donate hard-to-value assets, and open family or corporate funds to further their charitable goals.
Benefits
Kern Community Foundation is a public charity, so your clients will receive the maximum tax deduction allowed by law and may be eligible to receive a lifetime income stream. Gifts of appreciated assets may allow your clients to make substantial contributions while recieving valuable tax advatages. Generally, a donor may deduct the fair market value of the gift and the capital gain from that donated asset passes tax free to their fund at the Foundation. We look at each donation individually and create giving plans that maximize gifts to the community and provide bottom-line benefits to the donor.
Specialized in Accepting Complex Assets
Your clients may be able to attain a new level of giving they might not have considered possible through assets they already own. Kern Community Foundation specializes in accepting complex assets for charitable purposes, including:
Charitable Gifts of Real Estate
- Land
- Personal Residence
- Commercial Property
- Other Real Property
Charitable Gifts of Business Interests
- Closely-held Stock (S-Corp, C-Corp, LLC)
- Partnership Interests
Charitable Gifts of Personal Property
- Artwork
- Royalties, Copyrights, Patents
- Valuable Collectibles
Other Alternative Asset Charitable Gifts
- Life Insurance Policies
- Retirement Plan Assets
- Negotiable Instruments (such as notes receivable)
- Oil and Gas Interests