|Georgia 4-H Foundation|
Pledging our Hope for a Bright Tomorrow
There are numerous ways that you may make a gift in support of 4-H. These range from simply writing a check for the annual gift in support of our current needs, to a major or planned gift for endowment or a capital project. There are tax benefits associated with charitable giving to the Georgia 4-H program. Please click here for our letter of commitment.
Gifts of Cash Gifts of cash are the easiest and most direct way to make a gift. Cash gifts may provide annual project support or fund endowment opportunities such as college scholarships, project achievement, awards, youth travel, or other current 4-H needs. Cash gifts may be made by writing a check payable to the Georgia 4-H Foundation or making your gift online to a restricted or unrestricted account. If you wish to support a specific county or 4-H program, you may indicate that on your check or in a letter. Your charitable deduction is the value of the gift you make.
Gifts of Real Estate A gift of real estate may include a gift of a principal or vacation residence, farm, timberland, commercial buildings or unimproved land and may be for the entire property or a fractional interest. Gifts of real estate entitle you to the same tax benefits as gifts of appreciated securities, provided you have owned the real estate for more than one year and there are no liens on the property. The donor is entitled to a charitable income tax deduction of the full fair market value of the real estate, valued at the time of the gift. Additionally, the donor will avoid capital gains tax on the transfer. Gifts of real estate may also generate substantial estate tax savings by removing a high-value asset from your estate. Appreciated real property is also an excellent asset to use to establish a charitable remainder trust.
Since your home or property may be your most valuable asset, you may want to consider a gift of a remainder interest in your property instead of an outright gift. A gift of a remainder interest allows you to continue to enjoy your home for your lifetime, and the lifetime of your spouse, while providing a current charitable income tax deduction and potentially lower estate tax costs.
Because the ability to market and/or utilize the property to further the mission of Georgia 4-H are major considerations in our acceptance of a gift of real estate, we invite you or your advisor to call us to discuss such a transfer.
Gifts of Life Insurance Naming the Georgia 4-H Foundation as owner and irrevocable beneficiary of the policy will generate an income tax deduction for you. The charitable deduction will depend on several factors including what, if any, premiums are still to be paid. This may be a cost efficient way to provide a significant gift in support of 4-H.
You may also designate the Georgia 4-H Foundation as the beneficiary or contingent beneficiary of your group term life insurance through your employer. This method of giving will not generate a current income tax deduction, but it will remove the value of the insurance from your estate. Your human resources division may assist you with making such a designation on your group term policy.
Matching Gifts An excellent way to leverage your gift to the Georgia 4-H Foundation is to ask your human resources department if your employer will match your gift through their matching gift program. By following the guidelines established by your employer, your gift could be doubled or even more. This benefit is often available to the spouse of the employee as well as to retirees and board members.
Gift credit is given to both the donor and the company when a matching gift is received.
Memorial or Honorary Gifts A gift made in memory or in honor of a family member, friend, 4-H youth or teacher is a generous way to memorialize the individual's life, accomplishments and association with the Georgia 4-H Program.
We notify the honoree or their family of the names and the addresses of those making the gift. Please forward with your gift the name of the person being honored and their address or that of their next of kin if possible.
Gifts of Stock Publicly traded securities qualify for a deduction based on the value of the trading price at the close of business for the date the stocks were either mailed or received by the Georgia 4-H Foundation. For mutual fund shares, the value is usually based on the closing selling price for the date of the gift. Using appreciated assets to make a gift allows the donor to avoid all capital gains tax on the asset transferred. Gifts of real estate, privately held securities or other capital assets having a value of $5,000 or more (the limit is $10,000 for privately held stock) require an appraisal of the fair market value of the asset and an IRS form 8283. These requirements must be met if the donor wishes to qualify for a charitable deduction.
Planned Giving There are several planned giving options available to you for consideration. A popular option is a gift through your will or living trust in the form of a cash bequest. Please include a note telling us which program(s) you want to support with your gift. The gift should be earmarked for the Georgia 4-H Foundation, 306 Hoke Smith Annex, University of Georgia, Athens, GA 30602. Please make us aware of a planned gift that you have in place so that we may properly recognize you. Other planned giving options exist which may benefit you and the 4-H program. Please contact us to discuss these options so that we may generate the best plan for you and your family.
For more information on making an outright or planned gift and the benefits you and your family might enjoy, please contact the Georgia 4-H Foundation.
Please note: The Georgia 4-H
Foundation is a 501(c)(3) organization. All donations made to the Georgia
4-H Foundation are tax deductible according to IRS standards. Your
contribution can be designated to support a specific purpose that is
important to you, or left unrestricted to be used where the need is
greatest. If you would like to make a gift to the Georgia 4-H Foundation,
or would like to learn more about other giving opportunities, contact
Mary Ann Parsons, Executive Director, Georgia 4-H Foundation,
at (706) 542-8914 or via e-mail at email@example.com.