There are many ways to give to the Southwest Initiative Foundation. Our flexibility ensures that not only are you making a meaningful gift, but you’re making one that fits your own financial situation.
Cash Gifts
The simplest method of giving is to mail a check to our office, or make your donation online by using a credit card.
Real and Personal Property
A residence or other real property may be given as an outright gift, or you may prefer to give your residence, farm, or vacation home and retain the right to occupy it for life. Paintings, cars, musical instruments, or other personal property also make excellent gifts.
Farmland
Thanks to Southwest Initiative Foundation’s unique Keep It Growing farmland giving program, you have even more options if you make a gift of real estate in the form of farmland. You have the option of keeping the land in production with the rental income benefiting causes of your choice. Landowners recieve a signficant tax savings with the upfront gift and SWIF manages the land.
Gifts of Grain
Gifts of grain allow farmers to accomplish significant tax savings while charitably benefiting their community.
Charitable Gift Annuity
In exchange for a gift of money or securities, SWIF will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and at the time of the gift, you also receive a charitable deduction.
Appreciated Securities
When you give long-term appreciated securities, not only do you receive an income tax deduction equal to the market value of the securities, but you also avoid capital gains taxes on the transfer.
Bequests and Retirement Plans
A provision in your will allows you to make a substantial contribution without diminishing the assets available to you during your lifetime. Since bequestsare deductible from your taxable estate, significant estate tax savings are possible. In addition, naming the Southwest Initiative Foundation as a beneficiary of your retirement plan also avoids income tax when SWIF would receive its distribution from the plan.
Life Insurance
When you give a life insurance policy to the Southwest Initiative Foundation, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, those premiums are also deductible.
Charitable Remainder Trusts
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the Southwest Initiative Foundation.
Charitable Lead Trusts
You can support SWIF for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to the charities of your choice each year during the terms of the trust, and when the trust terminates, the assets revert to you or to individuals you wish to benefit.
Have questions about any of these options?
Contact us to talk them through. And, remember your financial advisor is also a great resource. SWIF works with many professionals throughout the region and beyond, so we’d be happy to connect with you and your advisor to help plan a gift that fits your goals.
