Benefits of Giving

What kinds of benefits do donors to CFN receive?

First and foremost, they get the satisfaction of knowing that they are doing whatever they can to help the Nantucket community they love. They also receive the maximum tax deductions available. Because CFN is a 501(c)(3) organization, donors receive 100 percent of the fair market value of charitable deduction for gifts of cash, publicly traded stock, closely-held stock, real estate, and other long-term capital gain property. Gifts of cash are deductible up to 50 percent of the donor’s adjusted gross income with a five-year carryover for any excess. The fair market value of gifts of appreciated securities or real estate is deductible up to 30 percent of the donor’s adjusted gross income with a five-year carryover for any excess. Another benefit is that donors may remain anonymous. Unlike private and family foundations, CFN donors who establish Donor Advised Funds do not have to make public any personal financial information, nor is there an annual minimum distribution requirement.