Large and small donations to the Whidbey Community Foundation
are fully tax-deductible just as they would be for any nonprofit organization.
It could be advantageous for a private
foundation to become a part of the Whidbey Community Foundation in order to
minimize expenses and maximize efficiency.
Other tax advantages can be achieved through deferred giving.
For example, a donor can claim an immediate tax deduction for a gift that a charity will
not receive for many years.
An Unrestricted Fund
at the Whidbey Community Foundation is a viable vehicle for deferred charitable giving
because we cannot see into the future to know what nonprofit organization will be the most
appropriate recipient for these gifts.
Please consult your estate planner
for details on the diverse ways to achieve your charitable giving goals through deferred
giving.
The Whidbey Community Foundation encompasses four primary
giving categories or fields of interest: