Supporting CMCF is Easy!
Support CMCF today! And as a tax-exempt charity, your donation will be considered a charitable deduction for income tax purposes, to the extent permitted by law. Our tax identification number is 95-3778234. There are many ways to give, as you’ll see below, and most all offer tax savings.
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STOCKS, BONDS OR MUTUAL FUNDS
Do you have long-term appreciated stock, bonds or mutual fund shares? You can avoid paying capital gains tax on the increase in value and receive a tax deduction for their full fair market value at the time of your gift, if you’ve owned them for more than 1 year. (The deduction is limited to 30% of your adjusted gross income with up to five additional years to carry it forward.)
Rather than selling real estate owned for a long time, consider making a charitable gift to CMCF. Instead of paying a large capital gains tax, you’d realize a charitable deduction for its full fair market value! You can even get a current income tax deduction by donating your personal residence while re-serving the right for you (and your surviving spouse, if applicable) to live in it for life!
WILL OR LIVING TRUST
Long-term tax planning can help you leave more to your loved ones while still leaving a legacy through your charitable bequest to CMCF. You can specify an amount, a percentage, or simply “the amount that’s left” after you provide for your loved ones.
LIFE INCOME GIFT
You can make a major gift to CMCF and increase your income! By transferring your assets now through a trust arrangement, you are allowed a generous charitable contribution deduction while receiving income from the trust’s investments… for life!
For more information, click here.
Do you have a life insurance policy you don’t really need? By making CMCF the owner and beneficiary, you can take a charitable deduction approximately equal to its full cash value at the time of the gift.
It’s easy! Your insurance agent can give you detailed information about the forms you’ll need.
DECREASED VALUE ASSETS
Consider selling investments that have decreased in value and donating the proceeds to CMCF. The deductible loss plus the charitable deduction may total even more than the investment’s current value!
The purpose of this web page is to provide general gift, estate and financial planning information. It is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document. Tax deductions vary based on applicable federal discount rates, which can change on a monthly basis. Some opportunities may not be available in all states.