Triangle Community Foundation can accept the full range of assets including cash, publicly traded stock, closely held business interests in limited liability companies or limited partnerships, as well as real estate. A fund at the Foundation can also be the beneficiary of bequests, charitable remainder and charitable lead trusts, retirement accounts and insurance policies.
After the fund is established, the real enjoyment and excitement begins for your client. A member of the Foundation’s Donor Engagement team will be assigned to work with your client to fine-tune their charitable goals and make their philanthropy as meaningful as possible. Our Donor Engagement staff can do research, set up site visits, introduce your clients to other like-minded fundholders and create tailored philanthropic grantmaking programs.
While tax consequences vary according to assets, generally your clients may deduct up to 60% of their adjusted gross income (AGI) for cash contributions, and up to 30% of their AGI for gifts of appreciated securities and real property. The Foundation does not offer tax advice; your client’s tax situation should be evaluated by tax advisors to determine the deductibility allowed.