CURRENT GIFT OPTIONS

The Foundation accepts a variety of gift options that make a difference today. 

Gifts given to the Lexington Community Foundation can be made in honor or memory of an individual. Honorary gifts are a great way to pay tribute to someone special or dedicate a gift in their name. Memorial gifts remember and pay tribute to those who have touched our lives and have passed on. These gifts may be directed to benefit a specific cause or given unrestricted to the Foundation. For all gifts received in honor or memory, an acknowledgment is sent to the family.

CASH

Cash donations are the most accessible and most popular form of giving. Cash donations are fully deductible for federal income tax purposes at up to 50 percent of your Adjusted Gross Income. Amounts over this limit may be carried forward and deducted in future years for up to five years.

SECURITIES

A gift of appreciated securities that you have owned for over a year is deductible at fair market value, in amounts up to 30 percent of your Adjusted Gross Income. As with cash, amounts exceeding this limit may be deducted for up to five additional years. In addition, long-term capital gains tax can be avoided on the increased value of appreciated securities. Unlike most commercial, charitable funds, the Foundation accepts gifts of non-marketable securities, such as privately held or restricted stock, on a case-by-case basis, providing donors with greater flexibility in tax planning.

REAL ESTATE & OTHER REAL PROPERTY

The Foundation accepts gifts of real estate, such as a house, ranch, land, or commercial building, on a case-by-case basis. As with appreciated securities, a gift of real estate that you have owned for more than a year may entitle you to take a tax deduction for the fair market value of the property and allow you to avoid paying capital gains tax. If you wish to donate a personal residence or ranch and choose to live on the property for the rest of your life, you can receive a current tax deduction for the future value of your gift.

HAVE QUESTIONS?

We are available to assist you or your professional advisors in evaluating the most appropriate type of gift to suit your needs.

For more information, please contact Beth Roberts at (308) 324-6704.