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Search the Community Foundation:
About Us
What We Do
Foundation Staff
Community Foundation Board
Leadership Initiatives
Finance & Investment
Fee Policy/Leighton Endowment
Publications
News & Events
Recent News
Upcoming Events
Donors
Why Choose the Community Foundation?
Give Now
Make a Planned Gift
Types of Funds
Create a Fund
Donor Stories
Students & Families
Imagination Library
Early Years Count
Responsive Classroom
21st Century Scholar Success Initiative
Scholarships
Nonprofits
Partnering with Us
Competitive Grants
Indiana Arts Commission Partnership
Leighton Award for Nonprofit Excellence
Nonprofit Endowment Funds
Advisors
Supporting Professional Advisors
Gift Law Pro
Planned Gifts Calculators
Advisor News: Washington Highlights
Advisor News: Case of the Week
Advisor News: Article of the Month
Advisor News: Private Letter Ruling
Planned Giving
Part Gift and Part Sale
Gift Type
Gift Type
Gift Appreciated Asset
Gift/Sale of Asset
Donor
*
Enter the name of the donor. You may use such titles as Mr., Mrs., Dr., Rev., Jr., Sr., etc. The donor is the owner of the asset contributed and will receive the tax deduction and capital gains bypass benefits, if applicable.
Income Tax Rate
Income Tax Rate
10%
22%
24%
32%
35%
37%
Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are not certain about the correct rate, you may choose one of the middle rates. For many people, this will be close to the actual income tax rate.
Value of Property $
*
Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely held stock and other hard-to-value assets, the FMV would be the appraised value of the property on the date of the gift.
Cost Basis $
*
Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."
Cash $
*
Enter the amount of cash you wish to receive from the sale of the asset(s) that will be used to fund the trust. This amount of cash will not go into the trust.
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