Professional advisors

Giving Information for Advisors

SCCF is happy to partner with professional advisors who have clients that wish to make a charitable gift. We can help your client meet their charitable and estate planning needs. Our staff, committee members, and board of directors live in Steuben County, so they understand the local and regional needs in our community firsthand. Donors can create funds with specific, highly focused goals, or they can rely on the local knowledge and broad perspective of SCCF’s volunteer grant review committees to be sure their donations are making a difference.

SCCF relies on professional advisors to guide their clients through understanding the various tax and legal impacts of these giving tools. SCCF can help your clients to research charities of interest, learn about unmet needs in the community, participate in site visits to local charitable projects and programs, and understand what others are doing to help address those needs.

Giving Tools

SCCF can provide additional details about any of the following giving tools, including sample language for including a gift to the Community Foundation in your client’s estate.

Cash/Check/Online Donation
This is the simplest form of giving. Your client can make an outright gift to SCCF and take advantage of the tax benefits of giving to a public charity.

Bequests
SCCF accepts gifts of cash or property that are made through a will. These are free of estate taxes. This is the most common way that donors establish new funds at SCCF.

Appreciated Stock
SCCF can accept donated shares of appreciated stock, allowing your client to avoid capital gains tax and receive an income tax deduction. SCCF can also accept gifts of closely held stock. Download Wiring Instructions here.

Property: real estate, collectibles, etc.
SCCF has a real estate LLC that can accept gifts of real estate, along with accepting gifts of appreciated property. This allows your client to maximize the charitable contribution deduction while avoiding the complexity of selling real estate or property. The SCCF board reserves the right to accept or decline gifts of property.

Life Insurance
SCCF can be named as an irrevocable beneficiary of a life insurance policy. Premium payments thereafter are tax-deductible.

Grain Donation
This giving tool allows those in the field of agriculture to use the donation of grain to grow permanent endowment funds benefitting Steuben County. Download the form here: SCCF Grain Donation Form

IRA Charitable Rollover
If your client is eligible, you can transfer a distribution from an IRA directly to the Steuben County Community Foundation. The money is excluded from the donor’s income for federal tax purposes, and the amount counts toward the donor’s required minimum distribution for the year.

Other Giving Tools
SCCF has administered charitable gift annuities, charitable remainder trusts, and can serve as the beneficiary of retirement plan assets.

Contact Us

SCCF can provide sample fund agreements, sample bequest language, and a copy of gift acceptance and donor privacy policies. We can also offer more details about how SCCF’s board approaches investment decisions and establishes policies to mitigate the effects of market volatility on funds available for grantmaking.

Contact SCCF President & CEO, Jennifer Danic, at jdanic@steubenfoundation.org or 260-665-6656.

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