Donation Types
Cash Simplest and most convenient, cash can be given at any time and in any amount. Maximum tax advantages are enjoyed by the donor.
Materials Contributions of material goods needed to carry out operational or program activities of the Foundation are always welcomed. Tax deductions apply.
Securities By contributing securities, the donor may completely avoid capital gains tax while securing an income tax deduction for the current fair market value of the gift.
Real Estate A gift of real estate yields a deduction for the full market value of the property and avoidance of capital gains tax. The donor may retain the option of remaining on the donated property.
Bequests A bequest of cash or property through a will is usually fully tax deductible, reducing the taxable estate and therefore the estate tax. There are a number of ways to name the Foundation in a will.
Life Insurance The Foundation can be named as the recipient of dividends or as the beneficiary of a new or existing policy.
Pension or IRA A post-death gift of a pension or IRA to the Foundation reduces the estate and avoids the income tax penalties heirs would have to pay upon receiving those accounts.
Others . Deferred gifts, such as Charitable Remainder Unitrusts and Charitable Remainder Annuity Trusts include gifts which the donor transfers to the Foundation and receives a lifetime of interest
Bernie Powers Band Foundation
P.O. Box 183, Sun Prairie, WI 53590
www.bpbf.org