Tax-Deductible Giving

Syracuse has been a very generous community with its tax-deductible, charitable giving. Without this kind of help, we would not have things such as a beautiful public library, playground equipment or bike-walk path. The Syracuse Foundation serves as a tool to make gifts for community betterment and educational programs. Dollars for Scholars and the Back Pack Program are both part of this Foundation and benefit from your gifts. Thrivent Financial has a program for charitable giving, also. Financial gifts to the Syracuse Rescue Squad and Syracuse Volunteer Fire Department are greatly appreciated. The Community Memorial Hospital Foundation is in the midst of a capital fundraising campaign to build a new hospital. There are plenty of opportunities to give back to those in need from our community.

Here are a few ways you can give:

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift.

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift.

Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift.

A gift of cash is a simple and easy way for you to give back.

A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Farmers and ranchers can save significant taxes by contributing commodities such as corn or cattle directly, instead of making a cash contribution after selling the commodities.

When it is time to transfer business ownership – whether to create income for retirement or to pass on an inheritance – business owners have special opportunities to give something back to their hometown.