Because the Community Foundation is managed to maximize dollars for grant making, administrative costs are kept to a minimum. TO GIVE There are may ways to make gifts, large or small, to the Community Foundation. Donors may establish or add to an existing fund with gifts of cash, appreciated securities, real estate, insurance or other property. A full range of planned giving vehicles is also available, including charitable remainder trusts, charitable lead trusts, and bequests. A cash gift is the simplest and most convenient means of sharing in the work of the Community Foundation.
Cash allows a donor to write a check at any time, some years more and some years less.
Deduction amounts exceeding this limit may be carried forward for up to five additional years. A gift of real estate yields a deduction for the full fair market value of the property and avoidance of capital gains. A gift of real estate carries the additional benefit of the option to retain the right to live in a residence or farm which is contributed. There are several ways donors can give through life insurance. Donors may give a policy already owned, assign the dividends as a gift, or name the Duluth-Superior Area Community Foundation as a beneficiary.