No Gift Is Too Large or Too Small

 

Foundation_Clock_small.jpg A Donor can make a gift or bequest of any size to The Portland Foundation for the primary benefit of Jay County.

While gifts of all sizes are encouraged, major donors have the opportunity to establish individual philanthropic funds within the Foundation.

For more information on becoming a donor, please use our contact form and request the booklet "Bridging the Generations Through Intelligent Giving."

 

Become A Donor

Gifts Accepted

Cash

You may add to an existing fund or create a new fund.

Stocks or Bonds

You receive a charitable tax deduction of the current value.  If the securities have appreciated in value since purchased, you pay no capital gains tax.

Life Insurance

You assign the policy and the beneficiary right to The Portland Foundation.  The charitable tax deduction will be the lesser of the cost or cash value of the policy.  If the donor continues to pay annual premiums, these too are tax deductible.  The future benefit to the Foundation will be equal to the face value of the policy.

Charitable Gift Annuity

You contribute cash, securities, or other property to the foundation and receive a guaranteed income, payable to you (and a second beneficiary, if you wish) in periodic installments for life. You may specify income payments to begin immediately or be deferred to a future date. The minimum contribution to establish an immediate or deferred payment gift annuity is $10,000. The maximum number of income beneficiaries is two and these individuals must be at least 50 years old.

Charitable Remainder Trust

You establish a trust with some of your assets.  You receive a charitable tax deduction for the remainder value as determined by IRS regulations, and estate taxes will be reduced upon your death.  You and your designated recipient will receive an income for life.  The remainder goes to The Portland Foundation upon the death of the final beneficiary.

Charitable Lead Trust 

You give assets to The Portland Foundation for a designated period.  The income is available for grants.  After this period, the property in trust can be returned to you or your estate.  You pay no income or capital gains taxes during the period of control by the Foundation of these assets.

Why Your Gift Is Meaningful

With an established spending policy of 5%, a $20 million endowment would yield $1 million per year for grants, scholarships, and administration.  A $50 million endowment would yield $2.5 million for the Jay County community - annually!