Ways of Giving
The Columbia Basin Foundation is a non-profit, tax-exempt public charity as defined by the IRS. Gifts or funds transferred to the Foundation will qualify for maximum deductibility for income tax purposes. The following are ways of giving through the Foundation.
Donors may establish a named endowment fund, contribute to an established fund, or make contributions to the Foundation's Administrative Fund or Sustaining Endowment Fund.
Gifts of appreciated securities and real property to the Foundation provide important tax advantages to donors. The full fair market value of such gifts is deductible as a charitable contribution subject to IRS percentage of income limitations.
The Foundation can be named as the residuary beneficiary of a donor's estate, as the recipient of a stated sum or contingency bequest, or as the ultimate recipient of a charitable remainder trust. Bequests are deductible for tax purposes.
Charitable Remainder Trusts
The Columbia Basin Foundation can be the recipient of charitable remainder uni-trusts and annuity trusts. Under each of these plans, when the life income interest of the donor or other named beneficiary is terminated, the assets representing the charitable gift will be distributed to the Foundation to be used as directed by the donor.
The wide variety of choices found in new life insurance products makes such policies ideal vehicles for charitable giving, and for the replacement of wealth that has been transferred to a charitable organization or a charitable remainder trust.