Ways to Give
You may make a donation at any time to any fund of the Whatcom Community Foundation. Please fill out our gift form and mail with your check to: Whatcom Community Foundation, 119 Grand Avenue, Suite A, Bellingham, WA 98225. Please remember to note the fund in the memo section of your check.
You may also donate online as shown below via "PayTrace," the Foundation's secure online donation system:
(Please note the name of the fund in the special instruction section)
Types of Gifts
Donors can choose to give in one or more of the following ways. The following section provides some detail on the major gift types:
Transfer of Assets of a Private Foundation
IRA or Qualified Retirement Plans
Cash assets are the simplest and most convenient gift.
You pay no capital gains, and receive the maximum allowable tax deduction under the law, for the full market value of appreciated securities given to the Foundation.
A gift of real estate held for more than one year by the owner can yield the same tax advantages as gifts of securities. The Foundation's ability to accept real estate gifts depends upon a number of factors, including current market conditions and the value and condition of the property.
Transfer of assets of a private foundation
The expense and time of administering a private foundation can become an unwanted burden. Transferring the assets of a private foundation to a donor-advised fund at the Whatcom Community Foundation provides significant tax and administrative benefits.
A bequest in your will, naming the Foundation as a beneficiary, is another ideal way to create a fund. Estate taxes may be significantly reduced, and the fund will continue to work as a living symbol of your interests. Donors making a bequest to the Foundation become members of the Foundation's Madrona Society.
If the protection of a life insurance policy is no longer needed, it may prove a practical, tax-deductible gift. Or you may retain ownership of a policy naming the Foundation as a beneficiary, resulting in an estate-tax reduction but no deduction for income tax purposes.
IRA or qualified retirement plans
You can name the Foundation as the beneficiary of an IRA or qualified retirement plan. Depending upon accumulations, retirement plan assets can be subject to multiple taxation if left to heirs. A gift of retirement plan assets can even be used to establish a charitable remainder trust to provide income to a spouse or family members.
You may donote to the above programs of Whatcom Community Foundation by clicking on the red button below and noting the name of the program in the "special instructions" section:
You may also send a check to:
Whatcom Community Foundation
119 Grand Avenue, Ste A
Bellingham, WA 98225
(please note the program in the memo section of your check)