Ways to Give
- Outright Gifts
A gift of cash or securities restricted to our endowment fund is a simple and effective way of expressing your commitment to CHFC.
- Friends of Community Health Free Clinic—GCRCF
By making a gift to the Friends of Community Health Free Clinic through The Greater Cedar Rapids Community Foundation, you can support CHFC while receiving an Endow Iowa tax credit on your Iowa tax return.
A bequest is one of the most forthright ways to support CHFC. In your estate planning, you may donate cash, securities, or proceeds from the sale of real estate.
- IRA or Qualified Plan
Upon death, retirement plans or IRA balances are included for estate and income taxes to your beneficiaries. Funding a charitable bequest to CHFC with an IRA or retirement plan prevents the bequest from becoming a liability of your estate, and the gift is made with pre-tax dollars.
- Life Insurance Policy
Life insurance makes it possible for virtually everyone to make a meaningful gift to CHFC. Insurance policies that were never used for their original purpose can make excellent gifts. Tax benefits depend on many factors, including whether the policy is fully paid.
- Charitable Remainder Trust
A charitable remainder trust offers a gift to CHFC without loss of income to you and provides a current income tax deduction allowed for a future gift. The value of the gift is based on current market value, without triggering a taxable capital gain and ￼offers an income at a desired percentage without regard to current investment return.
- Charitable Lead Trust
Lead trusts allow you to transfer assets to a trust that pays CHFC an income for your lifetime or specified number of years. Upon the expiration of the lead trust, remaining assets transfer to the donor’s beneficiaries with decreased or eliminated estate and gift taxes.
The Galbraith Schmidt Society honors those individuals, families, businesses, and organizations who make a gift of $5,000 or more to an endowment fund benefiting Community Health Free Clinic or who include CHFC in their estate plan for the same amount. Learn more…