Ways to Give
Essex County Community Foundation provides you a simple, powerful, and highly personal approach to giving. While the easiest way to give is either cash or stock, we also accept other kinds of assets. You can make a gift now or establish a Planned Gift.
Give Now
This method of giving provides a wonderful gift to The Essex County Community Foundation and maximum charitable income tax deduction benefits to you.
Real Estate
- With the help of ECCF, you can use real estate to make a bigger charitable contribution than you thought possible, avoid estate and capital gains taxes, and minimize or eliminate a potential tax burden placed on your heirs.
You may choose to give real estate outright and receive an immediate tax deduction, or retain the use of the property during your lifetime and make a planned gift to your community foundation. You may also choose to convert real estate into a stream of income for the rest of your life by establishing a Charitable Trust or Charitable Gift Annuity with the community foundation. Doing this lets you transform a low-yield asset into a higher-yield, income-producing asset and claim a tax deduction for the charitable portion of the gift.
A gift of real estate must be professionally appraised to establish its fair market value and assessed for compliance with our gift acceptance policies.
Planned Giving
- A bequest. Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through ECCF, we establish a fund for you that will become your personal legacy and be a lasting benefit for the community. Link to Bequest by Will for further information.
- Gift of Life Insurance provides a simple way for you to give a significant gift to charity and establish your legacy, with tax benefits that you can enjoy during your lifetime. Link to Life Insurance for further information.
- Charitable Gift Annuity allows you to arrange a generous gift to your community while providing yourself a new income source you can count on for the rest of your life. Link to Charitable Gift Annuity for further information.
- Charitable Remainder Trust allows you to receive income for the rest of your life knowing that whatever remains will go to the benefit of your community. Link to Charitable Remainder Trust for further information.
- Charitable Lead Trust helps you build a charitable fund at ECCF with annual contributions during the trust’s term. When the trust terminates, the remaining assets are transferred to you or your heirs, often with significant transfer-tax savings. Link to Charitable Lead Trust for further information.
For more information and ideas on ways to integrate your financial planning with charitable giving, ask your Financial Advisor or email David Tory or call 978-777-8876.
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