Leaving A Legacy

The Skagit Community Foundation has several types of funds to help individuals achieve their specific charitable giving objectives. We can also help by showing individuals how to integrate charitable giving with their financial and estate planning.

Outright Gifts
In establishing a fund at the Skagit Community Foundation, donors will be able to support charities during their lifetime and in perpetuity. Unless the donor wishes to remain anonymous, the Foundation will recognize their generosity to the recipients as well as the community as a whole.

Giving through the Skagit Community Foundation offers donors two significant tax benefits: a charitable income tax deduction in the year of the gift and the reduction of future estate taxes. Gifts created with stocks or other appreciated property have an additional benefit in that they eliminate capital gains taxes on that property and receive the full, fair market value of the gift as their deduction.

Funds can be created with a gift of cash, publicly traded securities, closely held stock, real estate and insurance policies.

Bequests
A charitable bequest is one of the easiest ways for a donor to make a lasting gift to the community through the Foundation. A bequest can be made through a simple designation in a will or trust.

Charitable bequests can significantly reduce estate and inheritance taxes. A bequest to the Foundation can create tax savings that can be passed on to the donor's heirs.

Through the Skagit Community Foundation, a bequest becomes a permanent legacy that serves the community for generations to come.