Planned Giving

Cash in any form (e.g., currency, coins, checks, credit card sales drafts, traveler's checks, and money orders). Checks must be made payable to the Fund for Santa Barbara.

Cash gifts will be recorded in the amount of the gift as of the date of delivery to the Fund.

Pledges by a donor to transfer cash or property to the Fund (stating that the donor acknowledges that the FUND is relying on the pledge as part of its budgeting process and that the donor will not revoke or modify the pledge).  Pledges must be in writing and provide for satisfaction of the pledge within five years.

Securities, both publicly traded or closely-held.  Donors receive a tax deduction in the amount of the full value of the securities at the time of the gift transaction.  In addition, if the value of the securities held long-term (more than a year) has gone up in value from the original time of purchase, donor will pay no capital gains taxes.

Real Property such as residential, commercial, unimproved land, and income property.  However, prior to acceptance of the gift of real property, the FUND will consider such issues as title, marketability, contamination, seismic retrofitting, the location of the property in a flood plain, and other issues.

Gifts of real property will be recorded at fair-market value as determined by appraisal.

Name the FUND as owner and beneficiary under your life insurance policy.  A gift of a life insurance policy generally is valued at its "cash surrender value" as of the date of transfer.   (If the donor discontinues making future premium payments on the life insurance policy, the FUND may: continue to pay the premiums; convert the policy to paid up insurance; or surrender the policy for its cash surrender value.)

The FUND may be named as a beneficiary under a Charitable Trust.  These include both charitable remainder trusts and charitable lead trusts. 

A charitable remainder trust will be recorded at the fair market value of the trust assets net of the present value of future payouts to the income beneficiaries at such time as the FUND’s interest becomes irrevocable.

Donors will be encouraged to name the FUND as beneficiary of their retirement assets (e.g., IRA's, 401(k) plans and qualified pension plans).

Such gifts will be recorded at their present value at such time as the gift is irrevocable.