Lend the income from your assets to the community, then keep the assets.
You give assets to The Portland Foundation for a designated period. The income is available for grants. After this period, the property in trust can be returned to you or your estate. You pay no income or capital gains taxes during the period of control by the Foundation of these assets.
Place assets with The Portland Foundation for a period you designate.
The income is available for grants in Jay County. You pay no income or capital gains taxes on these assets during this time.
At the end of the period, the property in trust can be returned to you or your estate.
Request the booklet "Bridging the Generations Through Intelligent Giving," or call (260) 726-4260, Monday through Friday, 8 am to 5 pm ET. We recommend reviewing any planned gift with your own tax or legal advisor.