1. Invest In Our
Community
Create a Gift to Last
for Generations
Humboldt Area
Foundation
Language for Your Will or
Living Trust
Here 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 Foundation
Address: 363 Indianola Rd., Bayside, CA 95524
Tax ID#: 23-7310660
Contact: Director of Donor Services & Planned Giving
Telephone: (707) 267-9905
Tax 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.
2. Make a Gift Today or Plan for
a Future Gift
Your 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 Word
This 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:
Cash
Gifts 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.
Stock
You 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 Insurance
To 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.
IRA
Seniors 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 PROPERTY
Humboldt 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.
$
When you feel that
you have affected
something in your
community, you feel
you have made a
difference.
— Byrd Lochtie
aGifttoLast