The Nebraska Community Foundation exists to
help concerned individuals mobilize charitable
giving to support the betterment of Nebraska
communities and organizations. The Foundation
is a nonprofit charitable corporation providing
financial management, strategic development
and education/training services to communities,
organizations and donors throughout Nebraska.
Started in 1993, the Foundation provides affili- √ A Gift for the Benefit of Your Hometown
ated fund status (allowing communities and
organizations √ A Gift That is Good for Your Business
nonprofit √ A Gift That Benefits Your Estate
their own For the benifit of
corporation) to more than 150 communities,
organizations and donors. For more information
about the Nebraska Community Foundation call
402/323-7330 or visit the website at
The Cheyenne County Community Center
The single most important factor in community
success is involvement of citizens in their com-
munity. Your gifts of time, talent and dollars
an affiliated fund of
make a difference.
Sidney, NE 69162
Please consider what a gift of closely
627 Toledo Street
held stock would do for
your community and for you.
Invest in Your Community... How This Plan Works A Plan to Meet Your Objectives
Nebraska’s business owners invest a great deal A business owner owns the majority of the stock Obviously, one plan cannot meet the
in the establishment and building of a successful in the family business or corporation. He decides needs of every situation. If you would like
business, and financial resources are only part of to help build his hometown’s endowment fund to explore how a plan can be constructed
the story. In many respects, the building of a with a gift of stock from his corporation. The to meet the specifics of your situation use
family business is the epitome of the American owner transfers shares of his stock to the Ne- one of the following options.
dream – created with equal parts opportunity, braska Community Foundation valued at
blood, sweat and tears. $100,000. As a result of this gift, the business 1. Complete and return this form to the
owner becomes entitled to a $100,000 charitable address listed below,
So, when it is time to transfer ownership – deduction on his personal tax return. Plus, he
whether to create income for retirement or to or
avoids the capital gains tax on the appreciation
pass on an inheritance – business owners have of the corporation’s stock. 2. Contact one of the gift planners listed
special opportunities to give something back to
The Nebraska Community Foundation sells the here.
stock for $100,000 cash from the corporation.
The gift of stock leaves the business owner in • Jim Gustafson, Planned Giving Consultant
Personal Deduction with Your email@example.com
Corporate Dollars full control of the corporation and without any
This is a dynamic opportunity for you to help personal costs.
• Jeff Yost, President & CEO
your hometown with a gift of your corporation’s Finally, the $100,000 cash is placed into a firstname.lastname@example.org
stock. Transferring shares of your corporation’s hometown endowment fund that will assist (402) 323-7332
stock to the Nebraska Community Foundation for worthwhile projects.
the benefit of your hometown can provide the
following benefits: Key Issues With This Gift
• If the gift value exceeds $10,000, the chari- Address
• Provides the satisfaction of making a gift today table gift deduction amount must be determined City State Zip
that can be invested in your hometown, by a qualified appraisal of the stock.
• Creates an immediate personal charitable Phone(s)
income tax deduction, • There can be no prearranged obligation for the
Nebraska Community Foundation to sell the E-mail
• By-passes capital gains taxes on the gift of stock back to the corporation.
stock, Please send me a personal illustration of
• Corporate repurchase should occur two weeks how a gift of closely held stock would benefit
• Avoids declaration and double-taxation of
to two months after the gift is made. me.
• Allows the corporation to buy back the stock, • Corporation’s liquidity is needed to repurchase I would like someone to contact me regard-
and the stock. ing a private and confidential visit about
• Reduces estate taxes and settlement costs. planning a gift of stock from my corporation.
Variations of This Plan
“People have plenty of opportunities to • Gift the stock to a Charitable Remainder Trust In confidence, I have already included my
give their money away. Why not give it to receive a lifetime income. hometown in my will.
back to the community where you lived • Make a gift of stock prior to selling the com- Please Mail or Fax to:
and made your money?” pany to receive a personal tax deduction and Nebraska Community Foundation
avoid capital gains taxes. P.O. Box 83107
-- Frank Sibert
Lincoln, NE 68501-3107
Foundation Board Member & • Use a combination of the above variations to Phone: (402) 323-7330 Fax: (402) 323-7349
Retired Rancher of Valentine transfer your corporation to your heirs. Visit www.nebcommfound.org