We would like you to consider the mutually beneficial aspects of giving to the Chinese Culture Foundation and Center. By giving to the Chinese Culture Foundation, you are
- Supporting local, emerging artists and providing financial sustainability to the artistic community
- Bringing free, quality performances to tens of thousands of people in Chinatown and beyond
- Building the infrastructure for our youth to learn about their ancestry, and to bridge cultures and generations
- Ensuring that Chinatown takes a leading role in our children’s education
- Bringing Chinese culture in all its forms—traditional, contemporary, and global — to the forefront of our community
The federal government encourages charitable giving by providing some significant tax benefits when you make gifts to a qualified charity. Your gift may be made in many ways.
If you have any questions, please call us at (415) 986-1822 or email us at executive director @ c-c-c.org.
Great News! Give Directly to Support Art and Culture!
The Chinese Culture Foundation is now a member of Local Independent Charities of America! That means there will not be a 3% credit card company fee charged to the CCF. Your entire contribution on-line or using credit card will go to supporting art and education.
Please note that donations will appear as “GiveDirect” on your credit card statement.
For additional donation information contact Gharrity at email@example.com or call (415) 986-1822, x31
Cash is still the most popular way to make charitable gifts!
Memorial and Honorary Donations
A wonderful way of paying tribute to a loved one. Memorial donations are a productive way of keeping the memory alive of those who have passed away while contributing to a worthwhile cause. Donations in honor of a loved one’s special achievement are also a nice way of recognizing the occasion while creating opportunities for others. The family of those you remember or the person you honor will receive notification of your gift.
Gifts of Stocks and Bonds
You can make outright gifts and pledges in the form of appreciated securities rather than cash, and benefit from extra tax advantages. If you itemize, you are entitled to a charitable income-tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains that you would owe if you sold the securities. Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income. Please check with your tax advisers.
Gifts of Closely Held Stock
If you own stock in a closely held corporation, you can use stock to make a gift to The Chinese Culture Foundation. It will bring you substantial tax benefits. There are a number of strategies you can use to structure the gift according to your circumstances.
Gifts of Personal Property
In planning your estate, remember that valuable collections, works of art, and other forms of tangible personal property may be subject to estate taxes. By donating such items during your lifetime rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift. For a gift of tangible property, you are entitled to an income tax charitable deduction amounting to the property’s full, fair-market value, provided the use of the object is directly related to the Chinese Culture Foundation’s tax-exempt functions.
Gifts That Provide Income
You may wish to make a substantial gift to the Chinese Culture Foundation but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift, while retaining an income for your lifetime.
The benefits to you, the donor, vary, but all these arrangements have the following attractive features:
- Income for life paid to you and/or another beneficiary, such as your spouse or another family member;
- Increased income if a gift is made to a life income plan that produces a higher yield than the donated asset;
- An immediate federal income tax deduction for a portion of the value of the gift; and
- Elimination of capital gains tax at the time of transfer if the asset is in the form of securities or real estate that has appreciated in value.
Gifts of Real Estate
Almost any kind of real estate can make a a valuable gift to the Chinese Culture Foundation: a primary residence, vacation home, farm, commercial building or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life. As with gifts of appreciated stocks, bonds, mutual funds, and personal property, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate; and you avoid estate taxes on the appreciated asset.
Gifts Through Life Insurance Policies
Life insurance can be a form of a gift to charity and some employer may have it as part of their employee benefit plans. Please consult your tax adviser whether this type of gifting is suitable, if so, please consider making The Chinese Culture Foundation of San Francisco as beneficiary of your insurance policy.
Gifts Through Bequest
If you wish to leave a portion of your estate to the Chinese Culture Foundation, please consult your estate planner. The wording of the bequest should include the full name and address of our Foundation: The Chinese Culture Foundation of San Francisco, 750 Kearny Street, San Francisco, CA 94108
The value of a bequest to the Chinese Culture Foundation is deductible for estate tax purposes, and there is no limit on the amount of the deduction.
Gifts Through Car Donation
If you would like to donate your car to us, we have an account with Donate for Charity, a car donation service. To make a car donation, simply call their toll free number 1-866-392-4483 and mention that you would like the donation to go to the Chinese Culture Foundation. They handle most of the paperwork. Please be aware that they will usually NOT accept pre-1990 model cars. We will receive a check for our portion of the donation value within a few weeks. For more information on Donate for Charity, please visit their website at www.donateforcharity.com
Through careful planning, you can identify the method for making a contribution which best suits your situation while maximizing the benefit to the Chinese Culture Foundation. We encourage you to consult your financial advisor before making a significant gift. We want your giving to be not only generous and joyful, but prudent as well. The Chinese Culture Foundation is a non-profit organization that relies on the generous donations of individuals and organizations in the public. Help us give back to the community; help us work for you.
If you have any questions, please contact us.