For those who wish to leave a legacy of influence that will continue to meet the ever-changing needs of Spartanburg County for years to come, there's no better avenue than The Foundation's Community Fund.

A combination of many gifts, estates and portions of estates, these unrestricted funds are available to the Board of Trustees for their discretionary grant making. By constantly monitoring local issues, following community indicators and making numerous site visits, the Grants Review Committee is able to channel grants from the Community Fund where they can do the most good. The program staff facilitates this process and works closely with the grantee to ensure the projects are timely and on-target.

Visit the Recent Grants page to see some of the most recent grants made from the Community Fund.

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Ways to Give to the Community Fund...

Cash

A gift of cash is the most popular way to give because of its simplicity. A cash gift of any size is always welcome. You may give online, by check, or credit card.

Click here to give online.

Or you may mail your contribution to:

The Spartanburg County Foundation

Contribution Lockbox

P. O. Box 60402

Charlotte, NC 28260-0402

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Appreciated Stock

You may give stock and receive a tax deduction for its full market value, thus reducing capital gains tax on appreciated stock. This is often the most effective way to make a philanthropic gift. Click here to download a sample letter which can be used to facilitate your stock gift. 

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Real Estate

The Foundation will accept most gifts of real estate. Such a gift allows you to avoid taxes on capital gains, thus enabling you to provide a greater benefit to the designated non-profit. 

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Life Insurance

You can name The Spartanburg County Foundation, or other qualified non-profits, as owner of a paid-up life insurance policy. You receive a tax deduction and gift credit based on the current value of the policy.  

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Bequest by Will

You may transfer any asset you own through a written will to benefit a specified non-profit. Such transfers will yield no tax benefit to you during your lifetime.  

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Charitable Remainder Trust

You may use many different assets to establish trusts that will benefit you and your heirs for life or for a specified period of time. The remaining interest in the trust is earmarked for designated non-profits. These trusts provide significant tax benefits for you. 

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Charitable Lead Trust

A charitable lead trust is the reverse of a charitable remainder trust and enables you to transfer assets to heirs with a lower tax burden. Once such a trust is established, the you may designate non-profits to receive the benefits from the trust for a specified period of time before the assets go to designated heirs.

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Charitable Gift Annuity

A charitable gift annuity enables a you to transfer cash or marketable securities to The Foundation for the ultimate benefit of a qualified non-profit. In return, The Foundation promises current income tax deductions and fixed annual payments to you for life.

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IRA Assets

Many investors are beginning to realize that upon their death, unused IRA assets will be heavily taxed. In fact, it’s been estimated that estate and income taxes could consume anywhere from 60% to 80% of the money remaining in IRA assets. Avoid this tax by naming a tax-exempt charity such as The Spartanburg County Foundation or a fund managed by The Foundation with your unspent retirement assets.  

 

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Please call John Dargan at (864) 582-0138 to discuss questions you may have about any giving option listed above.