The Foundation Park, Recreation Complex, Carillon, scholarship
funds and other projects supported by The Centralia Foundation are
made possible by charitable contributions from the people of Centralia
and the surrounding area. We welcome your gift, large or small, for
the betterment of our community.
Charitable Deduction
The Centralia Foundation is a charitable public foundation under
Section 501(c)(3) of the Internal Revenue Code. This means that
all lifetime gifts to The Foundation are qualified for the charitable
deduction on your income tax return, and all gifts made after
death by your Will or Trust will reduce any estate taxes owed
at your death.
Gifts of Property
If you give stocks, bonds or other property, the amount of your
gift will be its value as of the date received. If you give property
which has appreciated in value since you acquired it, there will
be no capital gains tax on the increased value. In other words,
you can deduct the full value of the gift for tax purposes, even
if it is greater than the amount you paid for the asset initially.
Charitable Purpose
You may direct exactly how you want your gift to be used. Here
are some examples:
- You may direct that
your gift be used to support an existing program, such as the
ones described on this web site.
- You may direct that your gift be used for some other specific
charitable purposes.
- You may make a general gift and direct that it be used for
charitable purposes to be determined by the Trustees
of The Foundation.
- Your gift may be a perpetual endowment fund, with only the
income of the fund to be used annually for charitable
purposes, or you
may provide for the expenditure of both principal and
income over a period of time.
Free Consultation
If you would like to meet with a representative of The Centralia
Foundation to discuss a potential gift, please call or office
at (618)532-7424 or send
an email. There is no cost or obligation
to you. We will also be glad to meet with your attorney, certified
public accountant, or other advisor to assist in planning a gift
to The Centralia Foundation.
Designation of Gift
Any check or other gift should be made to: The Centralia Foundation,
a charitable trust established by Trust Agreement dated November
23, 1943 as amended.
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