Cash. Cash is one of the easiest ways to give to the Florida SouthWestern State College Foundation.
Appreciated Stock. A gift of stock, or other appreciated property, entitles you to a tax deduction for the market value of the donated stock. If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. The Florida SouthWestern State College Foundation benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash. Click here for instructions on how to transfer gifts of stock to the Florida SouthWestern State College Foundation.
Real Estate. Real estate is often overlooked as charitable giving option. You may have residential or commercial property (developed or undeveloped, in-state or out-of-state) that may enhance your overall giving strategy. The Florida SouthWestern State College Foundation requires that all serious inquiries be subject to a real estate acceptance check-list, which may include site visit, environmental audits and other required documentation.
Non-cash tangible assets. Collections, artwork, partnership interests, family limited partnerships and insurance policies create unique opportunities for donors to make a charitable gift. For insurance, donors can designate the Florida SouthWestern State College Foundation as the sole owner and irrevocable beneficiary of a new or existing whole life insurance policy. The policy’s fair market value (approximate cash value) is available to the donor as a charitable contribution deduction.
Charitable Gift Annuities. In exchange for your irrevocable contribution of cash , stock, or other property, you are assured a lifetime of payments that are made quarterly by establishing a charitable gift annuity. In addition to the steady income of these fixed payments, you will enjoy certain tax advantages, such as reduced probate costs and estate taxes. If the annuity is funded with appreciated assets, the capital gains tax is applies to only a portion of the gain and is reported over your life expectancy. The size of payments is determined by the size of the contribution, your age at the time the gift annuity is established, and whether the annuity covers one or two people.
Charitable Trusts (Remainder Annuity Trust, Remainder Unitrusts, Lead Annuity Trusts, and Lead Unitrusts). Charitable Trusts can offer a wide variety of tax benefits.
Legacy Giving. Legacy gifts (commonly referred to as “planned gifts”) are usually made after the death of a donor or as a part of an overall estate plan. Click here to learn more about our Legacy Society and Planned Gifts.
*Please contact your professional advisor (estate attorney, cpa, financial planner). If you do not have professional advisor, you can check the Florida Bar Association, the Southwest Florida Financial Planners Association, or Florida Institute of CPAs. If you are a part-time resident, your professional advisor should be knowledgeable about specific Florida tax issues and residency issues. The Florida SouthWestern State College Foundation takes seriously its responsibility to be good stewards of donated assets.
Audited financial reports are available upon request.