This enables their contributions to have long-term impact that will continue to meet community needs indefinitely. Sometimes only the investment income from the donation will be distributed, but sometimes the principal may be distributed as well. It is also possible for donors to work out their own individual planned giving programs with the Foundation. The Federal Tax Code provides significant benefit in the deductibility of gifts of appreciated property to community foundations.
Gifts are deductible to the maximum extent permissible under current law.
There is a particularly significant benefit in the deductibility of gifts of appreciated property to community foundations. The Westfield Foundation wishes to thank Daryl Walker of Westfield, NJ for donating this web site for the Foundation's use.