How to Give


New Fairfield Community Foundation offers many ways of giving that support charitable causes that mean the most to you.We are happy to discuss any of these ways of giving with donors and their professional advisors.

Outright Gifts
You can make a gift to any of our existing funds at NFCF at any time, for any amount. These funds can also be designated to receive bequests, proceeds of insurance policies or retirement plans. Outright gifts can reduce income and estate taxes and can eliminate capital gains tax on donated property.


Bequests
After providing for loved ones, you may want to consider leaving a portion of your estate to the NFCF. A bequest, whether of cash, appreciated stock, real estate or other assets, is often the easiest way to fulfill your charitable vision, and permits you to support your community while retaining complete control over your assets during your lifetime. Bequests can take a number of forms: a specific dollar amount; a percentage of your estate; a residual bequest (i.e., what remains after other bequests are satisfied); or a contingent bequest, whereby NFCF receives assets only under certain conditions. You may name a new fund, an existing fund or a specific group or organization to receive your bequest to NFCF. A charitable bequest can dramatically reduce estate and inheritance taxes. Because a bequest to NFCF allows for an unlimited charitable deduction, and because combined federal and state taxes can exceed two-thirds of the estate, bequests typically generate tax savings that can be passed to your heirs.

In addition to publicly traded securities, closely-held stock, restricted securities and mutual funds are also options for giving.
 

Charitable Remainder Trusts
Giving through a charitable remainder trust can support NFCF’s grant making while providing you, or someone you select, with income for life or a specified number of years. You do this by placing cash, property, or other assets irrevocably into a trust, which distributes to the income beneficiary an annual income for life or for the duration of the trust. After death or the end of a specified trust term (up to 20 years), the remainder of the trust is distributed to NFCF for the charitable purposes you have designated. This flexible gift strategy can be established during your lifetime or through your will. A charitable remainder trust provides income tax deductions if established during a donor’s lifetime, or estate tax benefits if established in a will. The donor pays no tax on the capital gain at the time long-term appreciated property, such as stock or real estate, is contributed. This type of trust is an efficient way to convert low- or non-income generating assets into increased cash flow.


Charitable Lead Trust
A charitable lead trust allows you to make significant charitable gifts now while later transferring wealth to your heirs at reduced gift and estate tax rates. With a charitable lead trust, you set up a trust that pays NFCF annual payments for your lifetime or for a specified number of years. When the trust terminates, the trust principal is returned to you or distributed to your heirs. You can choose to pay either a fixed dollar amount (an annuity trust) or a fixed percentage of the trust assets (a unitrust). The payments can be distributed to charities you specify or they can be added to your donor-advised fund. The payments to NFCF provide a charitable gift deduction, sheltering part of the original trust principal from gift and estate taxes. The trust assets pass to the recipients at reduced tax cost, sometimes even tax-free. Minimum amount to establish a charitable lead trust with NFCF:  $100,000

 

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