Invest In Our

Community

Create a Gift to Last for Generations

Humboldt Area Foundation

Language for Your Will or Living TrustHere are some examples of bequest language that will direct your gift to your intended recipient:

A Specific Gift “I give, devise and bequeath to [name, address, and tax ID number of Humboldt Area Foundation or any other charity]

The sum of $ _______________.” or ______ % of my estate.” or

Shares of stock in __________________________Company.” or

My real property, parcel number # ________________________ ,

located at _________________________________________.”

A Residual Gift*“I give, devise and bequeath to [name, address, and tax identification number of Humboldt Area Foundation or any other charity] [all or a percentage] of the residue of my estate.”

* Residue is defined as that which remains after debts and expenses of administration, legacies and all other devices have been satisfied.

A Contingent Gift“In the event that [name of beneficiary] does not survive, I give, devise and bequeath the deceased beneficiary’s gift to [name, address and tax identification number of Humboldt Area Foundation or any other charity].”

Additional information for your attorney:Legal Name: Humboldt Area FoundationAddress: 363 Indianola Rd., Bayside, CA 95524Tax ID#: 23-7310660Contact: Director of Donor Services & Planned GivingTelephone: (707) 267-9905Tax Status: Humboldt Area Foundation is a tax-exempt not-for-profit organization as described in sections 170(b)(1) (A)(vi) and 501(c)(3) of the Internal Revenue Code. Gifts and bequests are deductible for income, gift and estate tax purposes.

This publication provides only general information. It is not intended as legal, accounting or other professional advice. Consult an appropriate advisor for financial guidance. Consult an attorney for advice on any legal document.

Make a Gift Today or Plan for a Future GiftYour charitable gift will support work that will strengthen our community’s future. Your gift may also reduce the amount of income tax you have to pay. Make your gift today or plan for a future gift that will support the place you love after your lifetime.

Give to:

• The foundation directly to support community programs

• An existing fund

• Start a new fund

Humboldt Area Foundation can help with gifts of any size. For more information on opportunities to make a difference in our community, contact our Director of Donor Services and Planned Giving at (707) 267-9905.

Spread the WordThis community is driven by us and for us. In order to continue the good work of the foundation and move our community forward, we need to work together. Please spread the word.

Give from:

CashGifts of cash are fully deductible (up to 50% of your adjusted gross income), for federal tax purposes. If your total gifts exceed this limit, the excess may be carried forward and deducted for an additional five years. Your check must be postmarked or hand delivered by December 31st to qualify for the current year.

stoCkYou avoid paying any capital gains tax on the increase in the value of your stock. You also receive a tax deduction for the full fair market value of the stock on the date of the gift. For income purposes, the value of such gifts, up to 30% of adjusted gross income, may be deducted and the remainder carried forward and deducted for an additional five years. If you prefer to use depreciated stock as a gift, sell it first and donate the proceeds to maximize your tax benefits.

Life insuranCeTo receive a charitable deduction, name a charity as both the owner and the beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. Please check with your life insurance agent for details.

iraSeniors 70 ½ years of age and over, may give by transferring their IRA distribution directly to charity. By going directly to charity, the money is not included in the IRA owner’s income and is not taxed. This preserves the full amount for charitable purposes. Ask your IRA to make a qualified distribution to Humboldt Area Foundation.

reaL estate anD reaL ProPertYHumboldt Area Foundation accepts gifts of real estate. You may deduct the current value of appreciated real estate. Please contact us at (707) 297-9905 for details.

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