We are able to accept a variety of gifts - from simple to complex. And, because we are a 501(C)3 public charity, contributions qualify for the maximum deductibility for income, gift, and estate tax purposes.
To Learn More:
What to Give
Types of Gifts
Cash & Cash Equivalents
Cash gifts - checks, credit cards, or actual cash - are the easiest way to give.
Marketable or Closely Held Securities
Stock, bonds, or mutual fund gifts may be used to establish a fund or add to an existing fund. The added benefit of giving appreciated securities held for more than one year is the avoidance of the capital gains tax on the appreciated portion of the gift.
Transfers From an Existing Private Foundation
Administering a private foundation under IRS rules can be burdensome and expensive. It is easy and convenient to convert a private foundation into a fund at the Community Foundation. Some advantages include preferred charitable deductibility of additional gifts, administrative cost savings, anonymity, and grantmaking support.
IRA Charitable Rollover
If you are 70 ½ years of age or older, directing a gift from your retirement account to a public charity allows you to avoid taxes on up to $100,000 per year. And this transfer is not subject to the deduction limits on charitable gifts. While current IRS rules prohibit IRA Charitable Rollovers into donor advised funds, we have a number of other fund options for you to consider.
Real Estate & Other Complex Gifts
Money is not the only gift option. Real estate, business interests, and tangible personal property all can be used to establish a charitable fund while providing you with tax benefits.
Including a charitable bequest in your will or trust is a simple way for you to make a lasting gift. Percentage, specific or residual bequests may be used to establish a fund in your name, creating a legacy, or to add to an existing fund held at the Community Foundation. Bequests to any fund allow your charitable intentions to be honored while significantly reducing taxes on your estate.
Life insurance can be used to create a charitable gift in one of two ways. First, while retaining ownership of a policy, you can name the Parasol Tahoe Community Foundation as the beneficiary of the policy. Second, you can transfer ownership of a policy to the Community Foundation and receive a current income tax deduction in the year the transfer is made.
Designated Beneficiaries - Retirement Plans & More
Designating all or part of unused assets in retirement plans, such as IRA, 401(k), 403(b), pension or other tax-deferred plans, is the best asset for you to use for making a charitable gift while reducing the assets subject to income tax in their estates. Additionally, you may designate the Parasol Tahoe Community Foundation and funds held at the community foundation in your estate plans as a beneficiary of investment accounts and bank accounts.
Charity Navigator - For ten consecutive years Charity Navigator, the nation’s largest charity evaluator, has awarded the Parasol Tahoe Community Foundation its highest possible rating of 4 stars. In addition, we have received a perfect overall score of 100 points for the past two years, designating us as an exceptional charity. We are in the top 1% of charities rated and this sets us apart from our peers and demonstrates to the public our trustworthiness.
The Parasol Tahoe Community Foundation has been certified by the Community Foundations National Standards Board confirming that we meet the most rigorous standards in philanthropy. This certification is designed to provide quality assurance to donors, as well as their legal and financial advisors.
Your right to privacy is very important to us. We recognize that providing the Parasol Tahoe Community Foundation with your personal information is an act of trust. The Community Foundation does not share personal information, except as required by governmental entities or legal process. Donor names may be recognized in the Community Foundation’s annual report and other forms of public recognition, unless you chose to remain anonymous.
This website is owned and operated by the Parasol Tahoe Community Foundation. Our intention is to inform and educate visitors about our work as a partner in community philanthropy, a grantmaker, and as a community resource. The Community Foundation is committed to honoring the privacy of all those we work with, including visitors to our website.
When you visit us online, you remain anonymous, as we do not require registration to view our website or access information. We may occasionally ask for your feedback via surveys or other communications to better understand your interests and needs. We may also request information through online forms used to register for Community Foundation events or to update our records. The Community Foundation does not share or publicize any personal information gathered through our website.
If you are a Community Foundation fundholder and you use our fund advisor portal, you will be asked to provide your login and password information to authenticate your identity before accessing your fund information. This information is only used through the fund advisor portal platform.
All access to donor information is strictly limited to Community Foundation employees. The Community Foundation does not sell, trade, rent or share donor information with any other person or organization, for any purpose, except with the donor’s specific permission or as required by applicable law.
The Community Foundation uses an accredited online payment processing vendor (Stripe) that transfers credit card information only to its secure server using Secure Socket Layer (SSL) encryption technology. The Community Foundation does not have access to donor credit card information or account data sent to the online payment processing vendor.
THIRD PARTY SITES
Throughout our website, we may offer links to third party sites. Since we do not control those websites, we encourage you to review their privacy policies as well.
If at any time you have questions about this policy or if you wish to stop receiving communications from the Community Foundation, please contact us at:
Mail: Parasol Tahoe Community Foundation 948 Incline Way Incline Village, NV 89451