When you give to one of these great causes, you create a philanthropic ripple that is felt across the Central Susquehanna Valley. Whether it's $25 or $25,000, your investment with your local community foundation makes a real difference by benefiting the community now and forever.
A gift of cash – easy and convenient way to support worthy causes.
Cash, usually in the form of a check, is an easy and convenient way for you to support worthy causes in the community. Gifts of cash enable you as a donor to claim a current tax deduction of up to 50% of your adjusted gross income in any one year when you itemize deductions, with the excess, if any, carried forward for an additional five years. Actual savings from gifts of cash depend on your tax bracket, the higher the tax bracket, the higher the deduction.
There are several other assets that can be used to contribute to current funds:
Gifts of appreciated securities offer important tax advantages, since their full fair market value is deductible as a charitable contribution up to 30% of your adjusted gross income each year when you itemize deductions. Like gifts of cash, deduction amounts that exceed the limit can be carried forward for up to five additional years. You do not have to pay federal or state capital gains taxes on the appreciated portion of the gift. After the Foundation liquidates the securities, the full value of the gift is available to support your charitable goals.
- REAL ESTATE
CSCF can accept a gift of a house or other personal residence, farm, commercial buildings, and income producing or non-income producing land. A gift of real estate that you have owned for more than a year entitles you to the same federal tax advantages as those for gifts of securities a tax deduction for the fair market value of the property while allowing you to avoid paying capital gains tax. CSCF can accept most unencumbered real estate property gifts.
- PERSONAL PROPERTY
The Foundation will consider gifts of personal property, such as artwork and jewelry. This type of gift must be discussed individually in advance with the Foundation.
The Foundation is pleased to accept farm commodities as charitable gifts. Please contact the Foundation if you are considering making this type of gift. It is important that you arrange this gift with the Foundation to be eligible for tax benefits.
You can learn more about establishing your own fund at the Central Susquehanna Community Foundation. The Foundation's Gift Acceptance Policy is available upon request. Please contact us to receive more information:
M. Holly Morrison, D.Ed.
President and CEO
570.752.3930, press 3
Kara G. Seesholtz
Chief Advancement Officer
570.752.3930, press 4
Planned giving can be an important component of your estate plan. The information on this site is not intended as legal, tax or investment advice. Please consult an attorney, tax professional, or investment professional.
All contributions are administered through the Central Susquehanna Community Foundation, a 501 (c)(3) organization, and are tax deductible to the extent provided by law. IRS regulations require us to state that no goods or services were provided in consideration for your gift and the Central Susquehanna Community Foundation has exclusive legal control over the contributed assets. The official registration and financial information of the Central Susquehanna Community Foundation may be obtained from the PA Dept. of State by calling toll free, within PA, 1-800-732-0999. Registration does not imply endorsement.