The Montrose Community Foundation strives to provide simple, powerful and personalized approaches to giving. There are many options to choose from when giving to the MCF.

Cash

The simplest and most common way to make a gift is by check or credit card. Donations of cash are deductible if they are itemized in the year of contribution.

Stocks, Bonds, Mutual Funds

Many gifts of appreciated securities such as stocks, bonds and mutual funds provide a charitable deduction for the full fair market value of the donated asset.
If you would like to donate from securities, print and fill out this STOCK TRANSFER FORM.

Mail to P.O. Box 3020, Montrose, Co 81402 or stop by and drop off to our offices at 5252 E. Main St. Montrose, CO
or scan and email the form to director@montrosecf.org

Bank Accounts and CDs

You may name a charitable organization the “payable-on-death beneficiary” of your bank accounts or on certificates of deposit. You own the assets for your lifetime and have them available for your use. Upon your death, the assets pass directly to the organization without going through probate.

Real Estate

On a case-by-case basis, the MCF accepts gifts of real estate such as houses or other personal residences, farms, commercial buildings, land and income-producing property. A gift of real estate that has been owned for more than a year may entitle you to a tax deduction for the fair market value of the property while minimizing and often eliminating the capital gains tax that otherwise would be upon the sale of the property.

Retirement Account Assets

An efficient estate planning option is leaving all or a portion of your retirement plan to charity, because tax laws often subject these assets to income and estate taxes upon death.

Life Insurance

Many people find that the protection offered by life insurance policies is no longer needed later in life. Thus a life insurance policy can become an ideal tool for charitable giving. Name us or another charity irrevocably as the sole beneficiary. You can make annual tax-deductible contributions to cover the policy’s annual premium. Or, if the policy is paid up, you will receive an immediate tax deduction in an amount equal to the policy’s cash surrender value.

Bequests

Bequests through a will are one of the most effective methods of providing for the MCF or your favorite charities while enabling you to keep assets or property during your lifetime. Naming the Community Foundation in your will can be accomplished through an amendment called a codicil and by establishing a fund through the MCF.