Current & Planned Giving Options

Checks, Bank Transfers (ACH), Money Orders or Credit Card Gifts

These are the easiest and most popular giving options. Plus, they are fully deductible for federal income tax purposes up to 60 percent of your adjusted gross income. Amounts given over and above this may be carried forward and deducted for up to five years beyond the year you make your gift.

Once your transaction is completed, we will email you a letter acknowledging your contribution. Gifts into your advised Foundation fund will be available for distribution to the charities of your choice in approximately three to five business days.

Gifts Using Checks or Money Orders

Checks should be made payable to The Dayton Foundation and note the Foundation fund name or Charitable Checking Account^SM name or number on the memo line or in an attached letter. Please note, we do not accept gifts of cash.

You may mail or drop off checks or money orders to our office:

The Dayton Foundation
1401 S. Main Street, Suite 100
Dayton, Ohio 45409

For your convenience, you also may use the secure drop-off box located next to the building’s staff entrance in front of the parking lot.

Appreciated Securities

Get the most tax savings by contributing securities with unrealized, long-term capital gains directly to The Dayton Foundation instead of selling the assets and donating the proceeds. This way you can give more to charity and secure valuable tax benefits.

Giving stock that you have owned for over a year is deductible in amounts up to 30 percent of your adjusted gross income. Just like with checks, amounts exceeding this limit may be deducted for up to five additional years. You also avoid paying any long-term capital gains tax on the increased value of your stock. Other marketable securities, such as bonds, Treasury bills or mutual funds, provide similar tax savings.

Instructions for Gifting Stock Held in Your Brokerage Account

When donating appreciated stock, you must have your financial advisor or investment company send the shares of stock in-kind to The Dayton Foundation. Do not sell them yourself.

Step 1: Provide written instructions to your broker specifying the number and type of shares to be transferred.

Step 2: Send a copy to Tracie Boshears, senior staff accountant for The Dayton Foundation. You must contact Tracie at (937) 225-9967 or tboshears@daytonfoundation.org to ensure your gift will be properly credited.

Step 3: Please be patient! It can take five to seven days for the proceeds from the sale of the securities to be made available in your Foundation fund or account.

If your brokerage firm does not have an account with The Dayton Foundation, you may instruct your broker to electronically transfer shares of stock to one of the following firms with whom we have made arrangements for discounted transaction fees.

Charles Schwab & Co., Inc.
DTC Number: 0164
Account Number: 2745-5124
Account Name: Dayton Foundation Depository, Inc.

JP Morgan Chase Bank, N.A.
DTC Number: 902
FFC to Account Number: P72500
Account Number: PBD#W26531009
Account Name: The Dayton Foundation

National Financial Services/Fidelity Investments
DTC Number: 0226
Account Number: 173-179990
Account Name: Dayton Foundation Depository, Inc.

Real Estate & Other Personal Property

Gifts of real estate entitle you to a charitable deduction for the fair market value of the property. If you wish to donate a personal residence or farm and choose to live on the property for the remainder of your life, you will receive a current deduction for the future value of your gift.

The Dayton Foundation also will consider gifts of personal property, such as artwork, collectibles and jewelry. Please contact a member of our Development and Donor Services staff to discuss this gift arrangement. All such gifts are subject to approval by the Foundation’s Gift Acceptance Committee and the Governing Board.

To request a copy of the Foundation’s Gift Acceptance Policy, please contact Kolita Hollins, development coordinator, at (937) 225-9955.

Closely Held Stock/Limited Liability Partnership Interests

Closely held stocks are shares in a privately owned business. The stock can be contributed outright to The Dayton Foundation. You generally are entitled to a deduction for the appraised fair market value up to 30 percent of your adjusted gross income. Special rules apply to shares of sub-chapter S corporation stock.

If you own limited partnership interests, such as investment or business partnerships, or family limited partnership interests, you also can contribute them to The Dayton Foundation. While donations of these and other more complicated assets require care, consideration and planning, we have the flexibility and expertise to accept them in most cases.

Gifts of closely held stock and limited liability partnership interests are reviewed on a case-by-case basis and are subject to the Foundation’s approval. Please contact Michelle Lovely, senior vice president of Development and Donor Services, at (937) 225-9948 to discuss your proposed gift.

IRA Assets

If you are over the age of 70 ½ and have a traditional IRA, you are eligible to transfer up to $100,000 to your Dayton Foundation fund as a qualified charitable distribution (QCD) and not have it show as income for tax purposes. A married couple with two separate IRAs may take up to $200,000 tax free over the same period of time. This can result in substantial tax savings for you.

Required minimum distributions (RMDs) sent directly to your fund are considered QCDs and satisfy the RMD requirement. These gifts are not considered taxable income.

IRA rollover assets also may be used to create the following funds through The Dayton Foundation. (Please note, IRA assets can not go into a Donor-Advised Fund or Charitable Checking Account^SM for QCD treatment.)

• Scholarship Fund – encourages education by providing scholarships to deserving students based upon academic interest or other criteria.
• Field-of-Interest Fund – supports a particular area of interest, such as children, the arts, health or the environment, and relies on the Foundation’s community knowledge and expertise to determine where need is greatest.
• Community Impact Endowment Fund – enables the Foundation to help address our region’s changing needs by increasing discretionary grant awards and undertaking new initiatives.
• Designated Fund – makes annual grant awards to your specific charity or charities.

To learn more about donating your RMD or making a QCD, contact Nakia Lipscomb, senior director, development, at (937) 225-9954.

Outright Legacy Gift Options

If you are looking to establish an estate plan or to revise an existing plan, why not suggest leaving a portion of your estate to The Dayton Foundation as a legacy gift?

Remembering charity in your will or financial or estate plan can:

• significantly reduce your tax liability;
• preserve your charitable intent in perpetuity;
• produce a financial windfall for your favorite church, school or nonprofit organization; and
• provide added income benefits for you and your family if a life income plan is involved.

Bequests

Bequests through a will are one of the most effective and popular methods of funding your Dayton Foundation fund while still retaining possession of your assets or property during your lifetime. Types of bequests include the following.

• General bequest — The Foundation receives a designated dollar amount from your residuary estate.
• Percentage bequest — The Foundation receives a percentage of your estate.
• Specific bequest — A piece of property, such as real estate or stock, is transferred to the Foundation.
• Residuary bequest — The Foundation receives the remaining property of your estate after other obligations are met, including all debts, taxes and other bequests.
• Contingent bequest — Your gift is contingent upon satisfying other events, such as the death of your spouse.

Sample Bequest Language

Specific monetary or percentage bequest language in your will or trust:

I give and bequeath (the sum of $) OR (% of my estate) to The Dayton Foundation, Inc., to be held and administered as part of the XYZ Fund #1234.

For a beneficiary designation or Payable on Death designation for your IRA, banking institution or investment account, indicate the following on the forms provided by your institution.

The Dayton Foundation Tax ID Number: 31-6027287
For benefit of the XYZ Fund #1234
1401 S. Main Street, Suite 100
Dayton, OH 45409
Phone: (937) 222-0410

Life Estate Remainder Interest

You can gift your home, farm or vacation property to the Foundation and retain the right to use the property during your lifetime, after which it is sold by the Foundation. You benefit from an immediate tax deduction in the year that the gift is arranged.

Retirement Plan Assets

A gift of retirement assets, such as pension plans for individual retirement accounts (IRAs), may enable you to leave more money to charity. This could eliminate taxes that may otherwise consume a large part of these assets.

By naming The Dayton Foundation as the beneficiary of your retirement account, in part or in full, and by leaving other assets to your heirs, you actually can give more to your heirs and to charity. Because The Dayton Foundation is a qualified public charity, no income tax would be due, and the assets will escape estate taxes.

Charitable Trusts

Charitable lead trusts allow you to transfer assets to a trust, then gift the income to a charity of your choice. Eventually the assets are distributed to your beneficiaries. Properly set up, this type of planned and deferred gift may help you redirect income to charity and avoid estate taxes in the future.

Please review planned giving options with your financial advisor or attorney to ensure your gift will meet your charitable and financial goals. If you’d like more personalized information, contact Marianne Requarth, director, development, at (937) 225-9926.

Life Insurance

Life insurance policies are an ideal gift option if the policy is no longer needed. You can take a charitable deduction approximately equal to the policy's cash value at the time you make the gift. If you are continuing to pay annual premiums, those premiums will become tax-deductible each year.

By using life insurance to establish a legacy fund, you can maximize your wealth now, protect existing assets and grow your charitable gift without diminishing your estate.

Types of life insurance gift options include the following.

• Transfer ownership of an existing policy. By transferring an existing policy and designating The Dayton Foundation as the beneficiary, you generally will receive a charitable income tax deduction equal to the lesser of the policy’s value or your cost basis in the policy (usually the total amount of premiums paid). Plus, you will reduce your taxable estate.
• Purchase a new policy. You can purchase a new policy and name the Foundation as the owner and beneficiary. You will receive a charitable income tax deduction for the gift, as well as for additional contributions to cover the annual premium payments. Maximize your tax benefits further by gifting appreciated stock to cover the premiums.
• Retain ownership and change the beneficiary designation to The Dayton Foundation. You will not receive a current income tax deduction for your future gift or for your premium payments. You can, however, retain control of the policy, borrow against it, cash it in or change the beneficiary designation at any time. Partial beneficiary designations, such as a specific percentage, offer another option. When you pass away, the proceeds will be included in your estate, and your estate will be eligible for a charitable deduction for the portion set aside for charity.

If you’d like more personalized information, contact Nakia Lipscomb, senior director, development, at (937) 225-9954.

Options that Produce Income

With a life income plan, you receive income for life, gain an immediate charitable tax deduction and leave an everlasting legacy to the Greater Dayton region. Additionally, life income plans can:

• provide charitable gift deductions;
• significantly reduce or even eliminate capital gains tax on gifts of appreciate property;
• improve income from low-yield, high-value assets;
• offer effective and flexible retirement planning options;
• remove gifted assets from your taxable estate; and
• provide income for life for you and your family.

Types of life income plans include the following.

• Charitable gift annuities. A guaranteed source of income for life is paid to you every year regardless of market conditions. A portion of each annuity gift is set aside and used to create a charitable fund following your death. Charitable gift annuities provide slightly lower tax deductions than other income plans. However, they usually deliver better income than bonds and other money market instruments.
• Charitable lead trusts. These trusts allow you to transfer assets to a trust, then gift the income to a charity of your choice. Eventually the assets are distributed to your beneficiaries. Properly set up, a charitable lead trust may help you redirect income to charity and avoid estate taxes in the future.
• Charitable remainder trusts. You can provide your beneficiaries with income for life or for a fixed term. The remainder is then transferred to The Dayton Foundation to establish a fund according to your wishes. Income arrangements for charitable remainder trusts are very flexible. They can be set up with a fixed payout or with a variable payout. Plus, you receive an immediate income tax deduction for the trust’s charitable portion.
• Pooled income funds. Like a mutual fund, gifts to it entitle you to a share of the fund’s annual income. This varies from year to year depending upon market conditions. They also offer higher tax deductions, because they preserve most of your gift for its eventual charitable purpose.