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Dear Donors and Community Members:
The
Tompkins Charitable Gift Fund
simplifies giving through grants to charitable
organizations on behalf of donors so they can focus on
other goals and dreams. Donors are free of complex tax
concerns and the expense of recordkeeping. In addition
we increase the value of the gift through prudent
investing. We make charitable giving easy, flexible and
effective.
One popular way of giving has been
families closing their private foundations in order to
move the assets into a
Charitable Gift account. Everything is
handled by the Gift Fund,
and the family continues giving just as before, yet the
details of running a private foundation no longer need
to be handled by busy families.
Another set of often seen donors
are those who may not have the money it takes to set up
a private foundation but enjoy having many of the
advantages of one. Many current donors use appreciated
securities to open an account. If the donor sells the
security the taxes could be significant, so instead the
donor donates them to Gift Fund.
The donor is able to take the tax deduction immediately
upon contributing the shares - and perhaps carry forward
a tax deduction for five years. Donors are able to make
charitable grants over time instead of having to choose
charities all at once. The Gift
Fund administers the account and takes care
of it all.
We believe we deliver on our
promise of making giving easy, flexible and effective.
Thank you for allowing us to help fulfill you and your
family's philanthropic goals. |
