Donor directed funds are corporate, community and individually directed funds.

Donor Advised Funds - Many of our grants are recommended by donors through their Donor Advised Funds. Donors may recommend grants to nonprofit organizations, according to their charitable interests. Donor advised funds do not accept applications.

Corporate Groups:

Rich's Consumer Brands Charitable Fund - Working together with partners, locally and globally, building relationships, and sharing time, talents and financial resources to improve the lives of children and youth through education, sportsmanship and health promotion.

The Hospice of the Golden Isles, Inc. Fund - Was established to ensure long-lasting and legacy support for the region's award-winning, non-proft, community-based provider of hospice and palliative care.

Community Funds and Giving Circles:

Golden Isles Fund for Trees (GIFT) - To provide for the preservation and enhancement of the tree canopy in Glynn County through education, advocacy and the planting, maintenance and replacement of trees.

"The mass of men worry themselves into nameless graves while here and there a great unselfish soul forgets himself into immortality."- Ralph Waldo Emerson –

If You Want to Plan Today to Give Tomorrow

A planned gift is a charitable donation created during your lifetime but in most cases not available to the Foundation until sometime in the future. Types of planned gifts include:

Bequest by Will

An outright bequest to the Foundation is the simplest means for providing for your community.

Life Insurance

Life insurance policies can be used to create a fund, or the Foundation can be named as the owner of a new policy for a fund to be created at a future time.

IRA or Qualified Plan

Funding a charitable bequest with an IRA or retirement plan can be a very effective way of making a gift with estate tax benefits.

Charitable Remainder Trust

A charitable remainder trust offers a gift to the Foundation. It provides a current income tax deduction for a future gift.

Charitable Lead Trust

Assets transferred to this trust are eventually returned to the donor or, more typically, to the donor’s children. Income is paid to the Foundation annually while the assets are in the trust.

What Can I Give?

A variety of assets can be used to make charitable gifts, including:

Cash

Cash gifts are an easy way to make an impact in your community and allow you to give at any time.

Securities

Securities, both publicly traded and closely held, can be used to set up a fund.

Real and Personal Property

Gifting real and personal property often allows an individual to contribute more than they may have thought possible.

IRA/Retirement Fund Assets

Retirement assets are most often used as testamentary gifts, creating charitable funds as part of an overall estate plan.

Life Insurance

Life insurance makes it possible to make meaningful gifts to the community and to create a fund.

How Do I Decide?

You have a number of options when it comes to your charitable giving. Our staff will work closely with you and your professional advisors to identify a gift that meets your needs.

Charitable Giving Scenarios

YOUR GOALS

Make a quick and easy gift

Make a gift with other existing sources

Defer a gift until after your lifetime

Make a gift while minimizing the impact on taxes and capital gains

Minimize the two-fold taxation on IRA or other employee benefit plans

Receive income today while creating a permanent philanthropic legacy for the future

YOUR ACTIONS

Contribute a gift in cash or by check

Example: Donate a life insurance policy you no longer need

Bequeath cash, property, or a portion of your estate

Contribute long-term appreciated stock or other securities

Designate a fund at the foundation as one of your beneficiaries

Create a charitable remainder trust that pays income to you during your lifetime for a designated time period

YOUR BENEFITS

An income tax deduction and immediate benefit for the community

Current and possible future income tax deductions

An estate tax deduction

A charitable deduction that may reduce capital gains tax

May reduce tax liability on assets left to heirs

At maturity, assets benefit the fund you establish to meet the community needs important to you

 

For a document containing suggested language for use in estate planning: Click here

Help us build the community's endowed fund through your estate plans. You can also endow funds for your favorite local charity and place them under the stewardship of the Community Foundation. (It's easy and can be done by adding a single paragraph to your will). Please call us at (912) 268-4442 for a confidential discussion.

Agency Endowment Funds

Nonprofit agencies may create endowment funds for the benefit of the agency itself and receive grant distributions annually in perpetuity

May be established with a minimum gift of $10,000.

Designated Endowment Funds

Donors may create a designated endowment fund for specific nonprofit or religious organizations, which will receive annual grant distributions from the fund in perpetuity.

May be established with a minimum gift of $25,000.

Field of Interest Endowment Funds

Donors may create endowment funds from which grants are to be made within broadly defined categories of interest (such as the arts, education, the environment, etc.)

The Foundation's Board of Directors and professional staff develop strategies and award grants to achieve maximum effect within the donor's specified area of interest.

May be established with a minimum gift of $25,000.

Scholarship Funds

Donors may establish a scholarship fund for students with defined characteristics and may participate in the selection process as a member of a committee.

Donors may establish a scholarship fund for a particular college or school and allow the school to select the recipient scholar.

Scholarship Funds are generally endowed and maybe established with a minimum of $100,000, and a balance of $100,000 must be maintained for the awarding of scholarships.

Sandpiper Funds

Donors may open a fund with only $1,000, with the requirement to grow it to $10,000 minimum over a five year period. These funds are designed to help people become philanthropists. Sandpiper Funds may make one grant per year not to exceed 10% of the balance with a minimum gift amount of $250.

Non Endowed Agency Funds

Not-for-profits may create a non-endowed fund with $100,000 and make annual grants from the fund. Any annual distribution request must be at the $10,000 level or above.

 

 

The Communities of Coastal Georgia Foundation is composed of endowed and non-endowed funds, established by those who wish to create a charitable legacy that benefits causes they care about most in our region. Endowments are permanent funds created when a gift is made and invested. The income is used now and in the future for charitable grantmaking. Through endowments, legacies are created.

A gift to the Communities of Coastal Georgia Foundation can be expected to grow and provide for community needs well into the future. While we don’t know what tomorrow’s challenges may be, we do know that endowments built at the Foundation will continue to exist to help meet those needs. Each year, through donor funds and a competitive grants process, the Foundation invests over two million dollars in worthwhile causes that strengthen communities.

We can help you establish any of the following different types of funds as well as many others. Each provide for significant tax advantages in the present with the certainty of long-term philanthropy.  For certain funds, the new Charitable IRA Transfer affords an ideal tax-saving mechanism to fund your philanthropy. Learn More

DONOR ADVISED FUNDS

This is the Foundation’s most flexible and popular fund allowing the donor to make grant recommendations to a broad range of charities. Donors work with the Foundation staff to identify ways to use monies from their funds to address the community needs they care about most. In addition, the funds can be passed on to successor advisors for an unlimited time period, allowing future generations to be involved in funding decisions.  Click here to access a fillable form.

DESIGNATED FUNDS

Local and regional recipient charities are named at the establishment of the fund. This may be a good option for those who wish to contribute to several specific charities through one gift.

UNRESTRICTED FUNDS

Donating to the Foundation’s general fund allows the donor to give back to the community in a general way, rather than supporting a particular organization or cause. The funds meet everchanging community needs and support the Foundation’s broader grantmaking initiatives. As worthy needs or emergencies arise, these funds ensure that financial resources are available.

FIELD OF INTEREST FUNDS

This type of fund allows the donor to designate funds to a particular charitable cause to meet a particular need. Areas of interest such as education, youth services, health and human services, arts and culture, faith-based initiatives, the environment and animal welfare are defined by donor priorities.

To establish these funds, the Foundation accepts various types of assets, including cash and appreciated property, publically traded stock, closely held stock and/or real estate. The Foundation also accepts deferred or planned charitable gifts including bequests, life insurance, trusts, annuities, retirement accounts, life estates and other options. At your direction, we are pleased to work on your behalf with your attorney, tax professional and/or financial advisor to carry out your wishes.

tree plantingA half century ago, Paul Cesarz made a choice that continues to benefit his community today.  He created an endowed fund in 1952 with $150,000 in assets.  The fund immediately began earning income and distributing grants to causes important to him.  Fifty years later and 35 years after Paul's death, the Cesarz Fund had grown to $1,066,003.  And in that 50th year, it generated more than $50,000 in grants, supporting a range of community needs--a park renovation, a museum exhibit, cancer research, and more.  Because Paul chose to endow his gift, he has enabled more than $1.1 million in grants to go to his community--almost eight times the impact he would have made by giving the original gift to charity all at once.  And though Paul has passed away, the fund in his name will go on supporting his community, leaving a lasting legacy.

Think about what such a gift could do in our community...... 

"The mass of men worry themselves into nameless graves while here and there a great unselfish soul forgets himself into immortality."

- Ralph Waldo Emerson -

sandprints

 

The Footprint Fellows Touch the Future

The Legacy Society (Footprint Fellows) recognizes and honors those individuals who have made a place for the Communities of Coastal Georgia Foundation in their estate plans through a bequest, charitable remainder trust, gift of life insurance or other type of charitable planned gifts.

Our community foundation's endowment - its "savings account" for future generations of coastal Georgians that will always be there to address critical issues and needs as they arise - is ultimately built on the dreams and desires of coastal Georgians as stated in their wills and estate plans.

Working with you, your attorney or tax advisor, we can suggest bequests, trust instruments, gifts of life insurance, IRA distributions, and other ways to provide a legacy of charity while realizing substantial tax savings.

 

 Footprint Fellows

Morton and Anne Boyd

Martha Brumley Ellis

Mr. & Mrs. C. Vance Leavy

Jeanne Manning

Jack and Georgia Ann Markley

Dennie and Frances McCrary

Don and Susan Myers

Ben Slade

Gwendolyn Stevens

Lillian S. White

 

    Help us build our community's endowed fund by providing for us in your estate plans.  It's easy and can be done by adding a single paragraph to your will (see box below).  You can also endow funds for your favorite local charity and place them under the stewardship of the community foundation.  Please call on us (912) 268-4442 for a confidential discussion.  Let us add you as a Footprint Fellow!

    Suggested Bequest Language

    "I devise to the Communities of Coastal Georgia Foundation, a Georgia nonprofit corporation, _____________________(describe assets to be left - for example, "One Thousand Dollars" or the proceeds from the sale of ...) to be used in all furtherance of the charitable purposes of the community foundation as defined in and subject to the provisions of its Articles of Incorporation and By-Laws."

 

 

 

Outright Gifts

Legacy Gifts

Memorial/Honor Gifts

 

 

 

Outright Gifts

 Cash

Gifts of cash or check are the easiest and most convenient way to make a charitable contribution and can be used to establish your own fund or add to an existing fund at our community foundation. Cash gifts entitle you to a tax deduction of up to 50% of your adjusted gross income (AGI), with an opportunity to carry-over any excess deduction for five years.

Securities

Gifts of appreciated securities (bonds and stock, including stock in closely held companies) may also be used to establish a fund or add to an existing fund. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift.

Real Estate

A gift of real estate held more than a year can provide the same federal tax advantages as those described for gifts of securities. If you are thinking of contributing real estate, it is important that you contact us prior to any action as such gifts are considered by the board and staff on a case-by-case basis. Our ability to accept real estate as a charitable contribution depends upon a number of factors and requirements. Upon request, we will be happy to provide you or your professional advisor with the section of our gift acceptance policy that deals with proposed gifts of real estate.

Art, Jewelry, Antiques, and other Valuables

The community foundation will liquidate the item and use the proceeds to establish or add to an existing fund. The greatest tax benefit comes when the donated object is considered by the Internal Revenue Service (IRS) to be a long-term capital gain property that has been held more than one year.

Assets from Trusts or a Private Foundation

To the extent you are permitted by law to make grants from a private foundation, you can direct such grants to the community foundation. In most cases, if a private foundation has become burdensome, it is possible to terminate it completely and transfer its assets to create a donor advised fund or other type fund at the community foundation.

Legacy Gifts (tab #2)

We encourage you to work with your estate planning professional to determine your best course of action. Here are some options you may wish to discuss. We would be happy to meet with you and your advisor at any time.

Bequests

A bequest to the community foundation can be as simple as adding a paragraph to your will or naming us on a formal beneficiary designation form. This is the most common planned gift, and it may provide you with valuable estate tax savings and reduce inheritance taxes.

Bequests can be in the form of:

  •    a stated dollar amount or specific property
  •    a percentage of the estate
  •    a portion or all of the residual once provisions have been made for all family members

 See sample language under the Legacy Society tab.

Life Insurance

Name the community foundation as a beneficiary of your policy. Your estate will be entitled to an offsetting charitable deduction. You will receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.

Retirement Plans

You can name the community foundation as the designated beneficiary of a retirement plan (e.g., IRA, 401(k), 403(b), etc.). These are advantageous types of assets to leave to charity because they can be taxed heavily when left to heirs. Heirs pay income tax on disbursements from a decedent’s retirement plan. Leaving a retirement plan to the community foundation ensures that 100 % of your gift will support your charitable interests and is one of the most tax efficient ways to transfer assets.

Charitable Trusts

A charitable remainder trust (CRT) pays the donor, or a beneficiary designated by the donor, regular income payments for life or a specified trust term (up to 20 years). Whatever remains is then transferred to the community foundation into an existing fund or a fund that you create. The donor receives an immediate charitable tax deduction for the present value of the gift in the year the gift is made. The CRT can be structured to pay a fixed amount, or income that varies with the value of the trust.

A charitable lead trust (CLT) pays annual payments to the community foundation over a donor’s lifetime or for a specified number of years The annual payments may be fixed or may be variable based on the value of the trust. When the trust terminates, the trust principal is distributed to family or others designated by the donor as the beneficiary.

Memorial/Honor Gifts (tab #3)

Create a lasting legacy in our community to memorialize a loved one or a person who greatly influenced your life. Create a fund that carries their name or give in their memory to an existing fund that gives to issues or charities they supported.

Honor a family member, colleague or friend on a special occasion through a gift to our community impact endowment.   Your gift will be tax deductible and the person whom you choose to honor will receive a customized card acknowledging that you have made a gift in their name.

Our staff is available at any time to assist you with your giving.  We have many ideas to share with you.

Be an informed giver

Don't be afraid to ask questions when you're asked to give, including the specific name of the solicitor and his or her relationship to the organization.  Ask how much of your gift will be used for administrative costs versus program costs and the specifics of the project your money will go toward, as well as other important information.  Give only when you feel comfortable that your contribution will be going to support an organization which you know and believe in and a project or program which will achieve results.

Budget for Giving

Plant your philanthropic activities right into your budget just as you would other financial obligations.

Read more: Tips on Wise Giving

Situation

Issue

Solution

Year-end Tax Planning

Your client just sold their business and would like to make a substantial charitable contribution to offset their taxable income, but they have no time before the end of the year to research a charity that might be of interest to them. Establish a donor advised fund and receive and immediate tax deduction for the gift.  Make subsequent recommendations for grants to charities of their choice whenever it is most convenient.  Consolidating giving through a donor advised fund makes it easy to keep track of charitable gifts for tax reporting.

Comfortable Retirement

As a retiree, your client wants to increase the income they currently receive from certificates of deposit, but doesn't want to risk investing in stocks.  They also desire to begin a legacy to benefit the arts in their community. Establish a charitable remainder trust that provides a stream of income during their liftime.  Any remainder can be used to establish a fund to benefit the charity(ies) that they designate.  They receive enhanced current income while knowing that their charitable goals will be met in the future. 

Appreciated Stock

Your client owns highly appreciated stock that they have held for more than one year.  They have a strong interest in affordable housing for the disabled and would like to take an active role in supporting their community.  They would also like to involve their adult children in establishing a plan for the family's charitable giving. Open a donor advised fund with a gift of the appreciated stock.  They will receive an immediate tax deduction for the fair market value of the stock and avoid paying captial gains tax on its sale.  The entire family can serve as advisors to the fund and develop charitable goals together, with assistance from Foundation staff if desired. 

Appreciated Real Estate

Your client owns appreciated real estate and wishes to donate it to their local church.  However, the church is not prepared to accept gifts of real estate. They can donate the property to establish an endowment fund for the benefit of their church.  They will receive a tax deduction for its fair market value, while avoiding any capital gains tax that would arise from the sale.  The Foundation will sell the property and use the proceeds to endow the fund, providing ongoing support to the church.

Estate Preservation

Your client is approaching retirement and wants to reduce future income and estate taxes by directing IRA assets left at the time of their death to charity.  They would also like to ensure that their gift impacts critical community needs present at the time the gift is made. Your client can contribute their IRA assets to the Foundation's unrestricted endowment fund.  Gifts that support the Foundation increase our ability to respond to community needs.  By gifting their IRA or qualified retirement plan assets to charity at the time of death, they maintain the use of the assets during their liftime, generate an estate tax deduction and avoid paying income taxes on the distribution of plan assets.

We are happy to help you find the best way to meet your clients' charitable and financial goals while maximizing tax benefits.


What to Give:  Cash, securities, life insurance, retirement plans are only some of the assets clients can use to start a fund or make a donation.

How to Give:  Outright gifts, bequests (see Footprint Fellows in the donor section), charitable remainder trusts and charitable lead trust are all possible vehicles for making a gift to the community foundation.

Where to Give:  Donor-advised funds, field of interest funds, agency or named funds, Communities of Coastal Georgia Foundation makes it simple for you and your clients to create or contribute to a fund that matches their vision.

Footprint Fellows:  If you have clients who plan to leave a gift to Communities of Coastal Georgia Foundation through their will or estate plan, we invite them to join our "Footprint Fellows".


To explore ways that we can help you serve your clients, contact Lee Owen, Executive Director at 912 268-4442 or

Subcategories

Whatever your passion, we know a worthy cause...

We welcome donations to a cause or fund of your choice (you name it on the donation page) or chose from any of the other listed funds. To donate by credit card, just use the "Make A Donation" button. If you prefer to write a check, mail it to: Communities of Coastal Georgia Foundation, 1626 Frederica Road, Suite 201, St. Simons Island, GA 31522. For your protection, all transactions are processed through a secure server site. All information is kept confidential and will not be shared with third parties.