The Vermont Catholic Community Foundation is a nonprofit organization (501c3), independent of the Roman Catholic Diocese of Burlington. All donations are restricted per the donors intent to support the parishes, schools, ministiries, and charitable causes of their choice. Review the current list of funds to make a donation. If you wish to establish a new fund, please contact Melanie Sheehan, [email protected] or (802) 222-0224.

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Appreciated Securities
Bequests
Cash, Checks, and Credit Cards
Charitable Gift Annuity
Closely Held Business Stock 
Land/Real Estate
Life Insurance
Retirement Plans
Tangible Personal Property

Gifts of Cash, Checks, and Credit Cards

PROCESS

1. You transfer cash to the Vermont Catholic Community Foundation (VCCF)—via a check through the mail or online by debit or credit card.

2. VCCF can put your gift to immediate use or add it to an endowed fund if you so specify.

3. You receive a charitable deduction.
    

BENEFITS

• Your gift is made simply and quickly.

• You receive a federal income-tax deduction.

• You provide immediate support for the Vermont Catholic Community Foundation.

Tangible Personal Property

PROCESS

1. Please contact Melanie Sheehan at  (802) 556 - 4458 or m[email protected] to discuss the type of tangible property, possible uses of your gift by the Vermont Catholic Community Foundation (VCCF), and getting an appraisal.

2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift’s use is related to VCCF’s exempt purposes.

3. If the use is unrelated to our exempt purposes or if it’s understood that we will be selling the property, then the deduction is limited to your cost basis.

BENEFITS

• You receive a federal income-tax deduction for the fair-market value if the gift’s use is related to VCCF‘s charitable purposes.

• You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%).

• You provide significant support. for VCCF without affecting your income.

Land/Real Estate

Almost any type of real estate may be donated: undeveloped land, farms, commercial buildings, vacation homes, or your residence.

REAL ESTATE—OUTRIGHT GIFT
PROCESS

1. Transfer title of property to the Vermont Catholic Community Foundation (VCCF).

2. Receive income-tax deduction for fair-market value of property.

3. VCCF may use or sell the property.

BENEFITS

• Income-tax deduction for fair-market value of property based on qualified appraisal.

• Avoid capital-gains tax on appreciation in the value of the real estate.

• Relieved of details of selling property.

• Significant gift to the Catholic Community Fund.

GIFT OF PERSONAL RESIDENCE OR FARM WITH RETAINED LIFE ESTATE

PROCESS

1. Transfer title of  your personal residence or farm to the Vermont Catholic  Community Foundation (VCCF).

2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life.

3. VCCF keeps or sells property after your death(s).

BENEFITS

• No out-of-pocket cost for substantial gift to the VCCF.

• Federal income-tax deduction for remainder value of your residence or farm.

• You (and spouse) can occupy residence for life.

• VCCF receives a significant gift.

Gifts of Appreciated Securities

PROCESS

1. You can send unendorsed stock certificates by registered mail or instruct your broker to make the transfer from your account to our account.

2. You receive an income-tax deduction.

3. The Vermont Catholic Community Foundation (VCCF) may keep or sell the securities.

BENEFITS

• You receive a federal income-tax deduction for the full fair-market value of the securities.

• You avoid long-term capital-gain tax on any appreciation in the value of the stock.

• Your gift will support the VCCF as you designate.

Special note: Please call or e-mail us to tell us of your intent, and we will be able to assist you with the details of the transfer.

Closely Held Business Stock 

PROCESS

1. You make a gift of your closely held stock to the Vermont Catholic Community Foundation (VCCF) base on a qualified appraisal to determine its value.

2. You receive a charitable income-tax deduction for the full fair-market value of the stock.

3. VCCF may keep the stock or offer to sell it back to your company.

BENEFITS

• You receive an income-tax deduction for the fair-market value of stock.

• You pay no capital-gain tax on any appreciation.

• Your company may repurchase the stock, thereby keeping your ownership interest intact.

• VCCF receives a significant gift.

Gifts from Retirement Plans

Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they can make an excellent choice for funding a charitable gift.

Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k)
 

GIFTS FROM RETIREMENT PLANS DURING LIFE

PROCESS

1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income.

2. You make a gift of the distribution or of other assets equal in value to the distribution.

3. You receive an offsetting charitable deduction.

BENEFITS

• You may draw on perhaps your largest source of assets, with no adverse tax consequences, to support the programs that are important to you at the Vermont. Catholic Community Foundation (VCCF).

• The distribution offsets your minimum required distribution.

If you use appreciated securities instead of cash from your distribution to make your gift, you’ll avoid the capital-gain tax on the appreciation.

Special note: Please call or email us to tell us of your intent, and we will assist you with the details of the transfer.

GIFTS FROM RETIREMENT PLANS AT DEATH

PROCESS

1. You name VCCF as beneficiary for part or all of your retirement-plan benefits.

2. Funds are transferred by plan administrator at your death.

BENEFITS

• No federal income tax is due on the funds that pass to VCCF.

• No federal estate tax on the funds.

• You make a significant gift for the programs you support at VCCF.

“IRA ROLLOVER” GIFTS FOR DONORS AGED 70½ OR OLDER

PROCESS

1. You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to the Vermont Catholic Community Foundation (VCCF).

2. Plan administrator makes transfer as directed to VCCF.

BENEFITS

• Your gift is transferred directly to VCCF; since you do not receive the funds, they are not included in your gross income (No income-tax deduction is allowed for the transfer).

• Your gift will count towards your minimum distribution requirement.

• You support the programs that are important to you at VCCF.

Other types of plans that qualify: profit-sharing plans, Keogh plans, and 403(b) plans.

Gifts of Life Insurance

Life Insurance Policy
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding mechanism for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).

Life Insurance to Replace Gift
 Life insurance can also be used to replace an asset that has been given to the Vermont Catholic Community Foundation (VCCF). How it works: After a donor makes a gift to VCCF, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor’s life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.

Bequests

Leave a Legacy of faith for the next generation by remembering your parish, local school or favorite ministry in your will. You can help grow an existing fund or establish a new fund for a purpose that matters most to you. Please complete the following Letter of Intent so we have record of your wishes: Planned Gift Form

Sample Language:
 “I give, devise, and bequeath to Vermont Catholic Community Foundation, Inc, having its principal administrative offices at 55 Joy Drive, S. Burlington, Vermont 05403, the sum of [amount] dollars and/or the following described property [property description] to be used for (1) its general purposes, or (2) a specific program or purpose.”

Charitable Gift Annuity

A charitable gift annuity (CGA) is a contract between a charity and a donor. The donor makes an irrevocable transfer of cash, marketable securities, or other assets acceptable to the charity. In return, the charity agrees to make fixed payments for life to one or two individual annuitants.

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