The Spartanburg County Foundation 2015 New Donors
The Spartanburg County Foundation 2015 New Donors

Each of us wants to impact the lives and communities around us. Whatever your philanthropic interests, The Spartanburg County Foundation is eager to partner with you to help ensure your donations impact the projects and initiatives you hold dear.

Our staff will work with you to create a customized giving program. Through the Foundation, you may contribute a variety of assets by adding to an existing fund or creating a new fund to fulfill your charitable goals. By donating, you may be entitled to receive maximum tax advantages. You are both able to contribute during your lifetime or create a bequest in your will.

For more information about giving through The Spartanburg County Foundation, please contact Troy Hanna, president & CEO, at
(864) 582.0138.

You may check the balance of your fund by logging onto FundWeb.

WAYS TO GIVE

Cash

A gift of cash is the most popular way to donate because of its simplicity. A cash gift of any size is always welcome. Please mail gifts to: The Spartanburg County Foundation, 424 E. Kennedy Street, Spartanburg, SC 29302.

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.

For more information, read our online booklet about Gifts of Stock.

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 nonprofit.

For more information, read our online booklet about Gifts of Real Estate.

Life Insurance

You can name the Foundation, or other qualified nonprofits, 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.

For more information, read our online booklet about donating a Gift of Life Insurance, or watch the video below which explains one of these types of funds, the Greg and Liberty Canzater Fund.

Greg and Liberty Canzater Video

Bequest by Will

You may transfer any asset you own through a written will to benefit a specified nonprofit. Such transfers will yield no tax benefit to you during your lifetime but may offer some deductions on your estate taxes.

For more information, read our online booklet about Bequesting By Will.

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 nonprofits. These trusts provide significant tax benefits for you.

For more information, read our online booklet about a Charitable Remainder Trust.

Charitable Lead Trust

A charitable lead trust is the reverse of a charitable remainder trust, enabling you to transfer assets to heirs with a lower tax burden. Once such a trust is established, you may then designate nonprofits to receive benefits for a specified period of time before the assets go to designated heirs.

For more information, read our online booklet about a Charitable Lead Trust.

IRA Assets

Upon death, an investor’s unused IRA assets will be heavily taxed, consuming anywhere from 60 percent to 80 percent of the monetary value between estate and income taxes. You can avoid this by naming a tax-exempt charity such as The Spartanburg County Foundation or a fund managed by the Foundation with your unspent retirement assets.

For more information, read our online booklet about a IRA Opportunity.

Planned Giving Legacy Society

Join the Foundation’s planned giving legacy society by committing yourself to making a gift, large or small, in the future. We currently handle more than 140 planned giving funds for various charitable interests.

The Spartanburg County Foundation also gives you the opportunity to start your own fund.

THE COMMUNITY FUND

Do you 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.

START YOUR OWN FUND

The Foundation offers a variety of different funds that can meet any type of charitable interest. You can even establish your own fund to customize your donations and goals.

Technical Assistance Day 1

ESTABLISHING A FUND

It’s quick and easy to establish your own named charitable fund. Our staff will work with you and, if you choose, your financial advisor every step of the way.

  1. Determine your charitable purpose or intent.
  2. Choose the type of fund that best supports your goals.
  3. Complete a simple governing document.
  4. Name your fund.
  5. Designate current and successor fund advisors.
  6. Make an establishing gift.
  7. Receive a tax deduction when the fund is established and when additional contributions are made.
Donors Group Photo

TYPES OF FUNDS

Agency Endowment Fund

Agency endowment funds help your nonprofit organization meet both current and future needs. The Foundation handles all investment and administrative responsibilities, leaving your organization free to pursue its charitable mission.

Donor-Advised Fund

By opening a donor-advised fund, you retain ongoing involvement in the use of your gift. With a donor-advised fund, you work directly with our professional staff, identifying ways to use dollars from your fund to address the issues you care about most.

Field-of-Interest Fund

Through a field-of-interest fund, you can target gifts to benefit the cause most important to you: arts, health services, education, neighborhood revitalization, youth welfare, and more. The Foundation awards grants to community organizations and programs addressing your special interest area.

Scholarship Fund

By opening a scholarship fund, you can invest your gift in the community’s future, all with the guidance and personal services of your community foundation. You determine the criteria students must meet to receive the scholarship you establish. With your assistance, students can achieve their academic and career goals.

Supporting Organization

A supporting organization provides an excellent alternative to a private foundation with only a fraction of the administrative responsibilities. You stay involved, selecting board members and funneling your dollars to support your favorite causes, while enjoying the favorable tax treatment of a public charity without all the work.

More Information

To learn more about how to establish a fund with The Spartanburg County Foundation, please contact Troy Hanna, president & CEO, at (864) 582.0138.

TESTIMONIALS