Ways to Give
The Initiative Foundation works with donors to process a variety of gifts that earn unique tax advantages, provide income and leave a legacy.
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Gifts can be designated to support the Foundation’s endowment, programs, or one of our charitable funds. The Initiative Foundation accepts the following gifts and giving vehicles:
A cash gift is the simplest tax-deductible way to provide immediate support.
Stock & Securities
Gifts of publicly traded stocks, bonds or mutual fund shares are tax-deductible and also save capital gains taxes on the appreciation. The impact of the gift may be considerably greater than its original cost to you.
Real estate gifts are tax-deductible and save capital gains taxes on the appreciation. Before accepting a gift of real estate, the Foundation must consider issues of taxes, title, liens, debt and environmental concerns.
The Foundation may consider gifts of art, antiques, vehicles, almost anything of value. However, a qualified appraisal and other special tax conditions apply. These are based on whether the gift will be used to advance our mission.
Charitable Gift Annuity
You transfer cash or appreciated stock and receive a fixed annual payment for one or two individuals. After your lifetime(s), the remainder goes to the Foundation. A portion of the gift is tax-deductible, and a portion of the income is tax-free.
Charitable Remainder Trust
You place appreciated assets in a separate legal trust, saving capital gains taxes on the appreciation. The assets are invested, your chosen beneficiaries receive annual payments for life or a term of years, and the remainder goes to the Foundation. Special tax advantages apply, depending on the gift, vehicle and terms.
Your will is a reflection of what matters most in your life — family, friends and charities. A bequest to the Foundation may be a specific dollar amount or a percentage of your estate.
Retirement Plan Assets
You may contribute excess retirement funds by completing a simple “beneficiary designation” for your qualified retirement plan account or IRA.
Transfer on Death (TOD) Stock Portfolio Designation
You may complete a simple “transfer on death” designation for your stock portfolio. Simply inform your broker that you would like to name the Initiative Foundation as the beneficiary.
Payable on Death (POD) Bank Account
You may complete a simple “payable on death” designation for your bank account. Simply notify your bank that you would like to name the Initiative Foundation as the beneficiary.
You can designate the Foundation as a whole or partial beneficiary of any life insurance policy. By naming the Foundation as the owner and beneficiary of a policy with cash value, you are entitled to a special tax deduction and any future premium payments are tax-deductible.
Home or Farm
You deed your home or farm residence to the Foundation but reserve the right to use it during your lifetime (called a “retained life estate”). After your lifetime, the residence becomes a gift to the Foundation. Special tax advantages apply.
Charitable Lead Trusts
You may temporarily assign assets that provide annual payments to the Foundation, and then have the assets returned to you or your family in the future. Special tax advantages apply, depending on the gift, vehicle and terms.
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