|
The non-profit Costa Mesa Community Foundation provides opportunities
for donors wishing to contribute assets for the benefit of
our community.
What are the tax benefits
of giving to the Costa Mesa Community Foundation?
Because we are a community foundation we are a fully tax-exempt
foundation under Section 501(c)(3), a publicly supported organization
under Section 170(b)(1)(A)(vi) and "not a private foundation"
under Section 509(a)(1) of the Internal Revenue Code. This
creates the potential for the greatest possible charitable
deductions. As a community foundation, we are not subject
to excise taxes and other management and reporting requirements,
which apply to private foundations. And your donation is completely
tax deductible!
Why should I use the Costa
Mesa Community Foundation?
There are several reasons. With us, you can give forever,
qualify for tax savings, rely on full accountability and have
access to resources that will help identify grant recipients
that best match your interest. In addition, giving through
the Foundation allows you to give with a Costa Mesa focus.
In what ways are funds
distributed from individual component funds to the community?
The foundation distributes funds through competitive grants,
projects, and scholarships at the request of donors. Your
gift can sponsor specific or general projects, which interest
you.
How much of my donation
will be used for administrative costs?
None. All donations will be used for community programs and
projects. |