How to Give: Planned Giving

Gift Assets

To find out more information on different gift assets, please click the category that interests you below.

Gifts You Can Make This Year
Lifetime Gifts
Estate Plan Gifts

Gifts You Can Make This Year

Lifetime Gifts

Cash

Giving CGCC Foundation a cash gift is the easiest, most common way of giving. You can mail your contribution to CGCC Foundation Office at 400 East Scenic Drive, The Dalles, OR 97058. Or, please visit us at the Foundation Office! We would love to meet you.

Advantages for you: Designate your gift to the area of your choice, witness the outcome of your generous contributions, receive a charitable deduction on your federal taxes (when you itemize).

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Securities

Giving CGCC Foundation a gift of securities is becoming a more popular charitable gift. You give CGCC Foundation stock to sell, and CGCC Foundation receives the proceeds.

Advantages for you: Reduce or eliminate federal capital gains tax, receive an income tax deduction.

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Real Estate

Giving CGCC Foundation a gift of real estate could be beneficial to you in several ways. You can give a gift of real estate as an outright gift, through a trust, or through a bequest in your will. You give your real estate to CGCC Foundation, and that real estate is either kept or sold for CGCC Foundation uses.

Advantages for you: Receive income and estate tax deductions, frees you from the costs and other burdens of ownership.

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Closely Held Stock

Giving CGCC Foundation a gift of closely held stock is another gift option. You give your closely held stock to CGCC Foundation. The company may choose to redeem the stock, and at this point, CGCC Foundation receives the cash proceeds.

Advantages for you: Receive income tax deduction, do not owe  capital gains tax on your shares that were donated, you maintain control of the corporation (of the stock you donated).

Advantages for CGCC Foundation: Does not owe capital gains tax on the donated shares , provides assets to help with Foundation work.

Life Insurance

Giving CGCC Foundation a gift of life insurance provides the foundation funds to support its work as well we tax incentives for you. When you assign your life insurance policy to the CGCC Foundation, the foundation can either keep the policy or surrender the policy to the insurance company for its cash value.

Advantages for you: Receive income tax deduction, reduce your future estate tax liability, support a worthwhile cause.

Advantages for CGCC Foundation: Provides funds to support CGCC needs.
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Estate Plan Gifts

Cash

Giving CGCC Foundation a gift in cash is the easiest, most common way of giving. You can mail your contribution to CGCC Foundation Office at 400 East Scenic Drive, The Dalles, OR 97058. Or, please visit us at the Foundation Office! We would love to meet you.

Advantages for you: Designate your gift to the area of your choice, witness the outcomes of your generous contributions, receive a charitable deduction on your federal taxes (when you itemize)..

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Securities

Giving CGCC Foundation a gift of securities is becoming a more popular charitable gift. You give CGCC Foundation stock to sell, and CGCC Foundation receives the proceeds.

Advantages for you: Reduce or eliminate federal capital gains tax, receive an income tax deduction.

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Real Estate

Giving CGCC Foundation a gift of real estate could be beneficial to you in several ways. You can give a gift of real estate as an outright gift, through a trust, or through your will. You give your piece of real estate to CGCC Foundation, and that real estate is either kept or sold for CGCC Foundation use.

Advantages for you: Receive income and estate tax deductions, frees you from burden of ownership.

Advantages for CGCC Foundation: Provides funds for us to support the college’s most urgent needs.

Closely Held stock

Giving CGCC Foundation a gift of closely held stock is another gift asset option. You give your closely held stock to CGCC Foundation. The company may choose to redeem the stock, and at this point, CGCC Foundation receives the cash proceeds.

Advantages for you: Receive income tax deduction, do not owe  capital gains tax on your shares that were donated, maintain control of the corporation (of the stock you donated).

Advantages for CGCC Foundation: Do not owe capital gains tax on shares donated to the foundation, provides assets to help with foundation work.

Retirement Plan Assets

Giving CGCC Foundation a gift of your retirement plan assets (IRA, tax-sheltered annuity, and/or employee retirement plan, among possible others) can save your loved ones a great amount in income taxes upon your death. You can name CGCC Foundation all or part of your retirement plan assets. When you pass away, CGCC Foundation will receive the balance of the plan.

Advantages for you: Saves your loved ones from heavy taxes, allows your retirement assets to be fully utilized (since the Foundation is a tax-exempt, it is eligible to receive the full amount and forego any federal taxes).

Advantages for CGCC Foundation: Provides assets to help with foundation work.

Savings Bonds

Giving CGCC Foundation a gift of savings bonds can be done by redeeming the bonds and giving CGCC Foundation an outright cash gift, designating the bonds to CGCC Foundation in your will, or leaving the bonds in a charitable remainder trust (benefiting your loved ones with life income payments, and then supporting the foundation with the balance.)

Advantages for you: Reduce or eliminate income taxes.

Advantages for CGCC Foundation: Receive assets to help with foundation work.

Life Insurance Death Benefits

Giving CGCC Foundation a gift of life insurance can be done in a couple ways. You can name CGCC Foundation as the sole or partial beneficiary of your life insurance policy. Or, you can name us the contingent beneficiary, meaning that we only receive the life insurance if your primary beneficiary passes away before you do.

Advantages for you: Contribute to a worthwhile cause, leverage the full value of your policy, provide full amount of assets to CGCC Foundation and avoid estate taxes (since the foundation is tax-exempt).

Advantages for CGCC Foundation: Receive assets to help with foundation work.
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Disclaimer: This information is not intended to constitute legal or tax advice and may not be relied on as such. You should consult with your own tax adviser concerning the deductibility of contributions to CGCC Foundation.

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