Types of Gifts to the Community Foundation
Because the Foundation has strong ties with the community and its pooled financial expertise, proposed gifts are given careful consideration for their best potential fit within the broad purposes of the Foundation. The Board has established a Gift Acceptance Policy that describes three basic ways to give to the Community Foundation of Johnson County:
Cash, securities, real estate, planned gifts and other
Gifts of cash, securities (stocks and bonds), land, planned gifts (life insurance designation, bequest through wills or testamentary transfer) and other such as trustee to trustee – mandatory IRA 70½ disbursements, may be made outright or in installments for a period of time up to five years.
Life insurance and qualified retirement plan assets
Contributors may transfer life insurance policies to the Community Foundation of Johnson County as owner and beneficiary, or name the CFJC as the primary or secondary beneficiary under qualified retirement plans.
Planned giving
In large part, the present Community Foundation of Johnson County has been built from generous gifts from the estates of its benefactors. Planned giving may take many forms:
- Bequest by will
- Charitable gift annuity
- Charitable remainder trust
- Life insurance policy
