Gifts also can be made in the following ways:
• Designated Fund. Creates a fund specifically to benefit causes or nonprofits the benefactor identifies.
• Unrestricted Gift. Fulfills a broader community focus by allowing the NBACF Board of Directors to assist with community needs as they arise.
• Field of Interest Fund. Permits identification of specific areas of interest and the flexibility to meet community needs.

Advantages of creating a fund with the New Braunfels Community Foundation include:
• Flexibility. Gifts can take many forms. Long-term capital-gain assets, such as appreciated stock, are an attractive option, as they generally qualify for deduction at fair market value.
• Efficiency. Consolidate charitable giving and gain access to administrative capabilities, simplifying giving and reducing time and expenses.
• Impact. Community funds allow donors to honor someone, to create a legacy, and to keep their gifts viable in perpetuity. All funds may be added to indefinitely, building a charitable vehicle with ever-increasing impact.

Gifts can be made in the form of:
• Cash. Cash assets are the simplest and most convenient gift.
• Securities. You pay no capital gains, and receive the maximum allowable tax deduction under the law, for the full market value of appreciated securities given to the Foundation.
• Real Estate. A gift of real estate held for more than one year by the owner can yield the same tax advantages as gifts of securities. The Foundation’s ability to accept real estate gifts depends on a number of factors, including current market conditions and the value and condition of the property.
• Transfer of assets of a private foundation. The expense and time of administering a private foundation can become an unwanted burden. Transferring the assets of a private foundation to a donor-advised fund at the New Braunfels Community Foundation provides significant tax and administrative benefits.
• Bequests. A bequest in your will, naming the Foundation as a beneficiary, is another ideal way to create a fund. Estate taxes may be significantly reduced, and the fund will continue to work as a living symbol of your interests.
• Life insurance. If the protection of a life insurance policy is no longer needed, it may prove a practical, tax-deductible gift. Or you may retain ownership of a policy naming the Foundation as a beneficiary, resulting in an estate-tax reduction but no deduction for income tax purposes.
• IRS or qualified retirement plans. You can name the Foundation as the beneficiary of an IRA or qualified retirement plan. Depending upon accumulations, retirement plan assets can be subject to multiple taxation if left to heirs. A gift of retirement plan assets can even be used to establish a charitable remainder trust to provide income to a spouse or family members.

Learn more at nbcommunityfoundation.org, via email at brit@nbcommunityfoundation.org or via phone at (830) 606-9536.