You can choose how and when it is best for you to fund your Foundation account. You also can choose when to make distributions from your account to charitable organizations – this year, next year, or a few years from now. Also, you can choose to be recognized for your gift or to remain anonymous.
You are eligible for a charitable tax deduction in the year you make your contribution to your Foundation account. This enables you to make your gift when it is most tax-wise for you.
When you use appreciated assets (stocks, mutual funds, or real estate) to fund your account, you gain the full value of the asset for charitable purposes undiminished by long-term capital gains taxes.
The Foundation handles the distribution of funds to your charitable organizations, verifies their IRS status, and does the bookkeeping for you. You receive regular updates on your account balance, along with a record of your deposits and charitable gifts. The acknowledgment you receive from the Foundation for deposits made to your Charitable Checking account are the only ones you need for tax purposes.
There is no charge from the Foundation. For every dollar put in to your account, you can donate a dollar to the charitable organizations of your choice.
Simply complete a Charitable Checking account information form, which can be obtained by contacting the Warren County Foundation office at 513-934-1001 or firstname.lastname@example.org. The form also can be downloaded from the Foundation’s website at www.warrencountyfoundation.org.
It's easy, it's efficient and it's confidential. To download a Charitable Checking application, click here.