Ways of Giving

The Grand Island Community Foundation provides you a simple, powerful, and highly personal approach to giving. And just as there are many benefits to Community Foundation donors, there are many different ways of giving, each with distinct advantages. We invite gifts and bequests of all sizes. Gifts are received from individuals, private foundations, corporations, businesses and organizations.

  • Outright Gift*
    You can make a gift of cash, stocks, bonds, real estate, or other assets to the Grand Island Community Foundation. Your charitable gift qualifies for an income tax deduction and could avoid capital gains tax.
  • Bequest by Will or Trust* (Legacy Society Membership)
    You can designate a gift or portion of your estate to the Grand Island Community Foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes. ***Donors who inform the Community Foundation of their designation of a legacy gift to the Foundation will be a distinguished Legacy Society member.
  • Charitable Gift Annuity
    You can make a gift of cash or property to the Grand Island Community Foundation now with immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual income payments for life.
  • Charitable Remainder Trust*
    You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life or a fixed number of years. After the termination of the trust, the remainder of the balance transfers to the Grand Island Community Foundation and is placed into a charitable fund supporting the cause(s) of your choice. You receive income tax benefits the year you establish your trust.
  • Charitable Lead Trust*
    You can place cash or property into a trust that pays a fixed amount to the Grand Island Community Foundation for the number of years you select. Once that period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you can receive a substantial reduction in federal gift and estate taxes.
  • Life Insurance*
    You can name the Grand Island Community Foundation as the owner and designated beneficiary or partial beneficiary of a life insurance policy. Your gift could reduce your estate and income taxes.

* Please consult your tax advisor to determine how a charitable gift could benefit you.

Learn More

There is so much more we'd like you to know. For more information and ideas on ways to integrate charitable giving with your financial plan, ask your financial advisor or contact the Grand Island Community Foundation at (308) 381-7767 or use our form. We will be happy to work with you and/or your advisor to determine the most effective ways to accomplish your charitable goals.