The Community Foundation of Greater New Britain connects donors who care with causes that matter in Berlin, New Britain, Plainville and Southington. If you'd like to make a difference in your community, please contact us for more information.

Outright Gifts

Outright gifts can include cash, securities, real estate, and life insurance.

Gifts of Cash
A cash gift is the simplest way to establish a named fund or to add to an existing fund. Cash gifts are fully deductible up to 50 percent of the donor's adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.

Securities
Gifts of appreciated securities (bonds and stock, including stock in closely held companies) also may be used to establish a fund or add to an existing fund. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income.

Life Insurance
Life insurance policies also can be used as charitable gifts. If you name the Community Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution.

Click the links to the right for more information on ways to give, or contact Ann Bova at 860.229.6018 x302.


74A Vine Street | New Britain, CT 06052 | 860.229.6018 | Contact Us
Login
© Copyright , Community Foundation of Greater New Britain. All Rights Reserved
74A Vine Street | New Britain, CT 06052 | 860.229.6018 | Contact Us
Guidestar Gold Logo  211CT Logo  National Standards