Why Give

 

Why donate to Global Water & Biology, Conservation Research Institute Thru

• Communities Foundation of Texas

• Dream Center

• Direct thru Global Water

Giving is one of the most personal and important things you can do. It allows you to have an impact on the well being of your community. It expresses gratitude. It takes action. It provides an opportunity to improve the quality of life for people in so many ways. And it gives you a chance to create a legacy of giving in areas that hold your greatest interest.
 

Establishing a fund where your donations are coordinated can be more meaningful than simply writing a check to a particular institution, school, hospital or project. A fund with Communities Foundation of Texas enables you to tap into additional grant making resources and support, while providing important tax advantages and flexibility.
 

Tax Advantages
 

Communities Foundation of Texas is a public charity. As described in Section 501(c)(3) of the IRS Code, contributions to a community foundation are fully tax-deductible in accordance with the law and all applicable rules and regulations. What this means to you is:

• You can deduct the optimal value of your gift for tax purposes in a particularly advantageous year, yet provide for the distribution of your gifts as charitable grants over a course of time through CFT.
• You (and your heirs) can avoid estate taxes on gifts made to CFT.
• With a gift of appreciated assets like stock to CFT, you can avoid capital gains taxes while realizing the maximum tax-deductibility of your donation.
• Compared to many other charitable giving options, and specifically compared to a private foundation, the rules and regulations governing CFT and all community foundations are less onerous in terms of spending and reporting requirements, and they enhance virtually all available donations.