Establish a Fund to Continue Your Charitable Legacy for the Causes You Care Most About
The Charitable IRA Rollover
Making it Easy to Give Where You Live
If you are 70 ½ and older, you can use your individual retirement account (IRA) to support your charitable giving through the Portage Foundation. This simple, tax-wise tool provides a way to take your required minimum distribution, skip the tax and make meaningful gifts to support the causes you care about.
Empower Your Charitable Legacy
You can multiply your impact by establishing a fund at the Portage Foundation to support the causes you care about through your IRA qualified charitable distribution. A designated charitable giving fund can provide support to selected organizations immediately or over time. You can also choose to make an IRA distribution to an existing nonprofit endowment at the Portage Foundation.
Maximum Your Impact While Minimizing Your Taxes.
- Avoid taxes on transfers of up to $105,000 from your IRA to support causes you care about.
- Satisfy some or all of your required minimum distribution for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
Fund Types
Designed to maximize tax-saving benefits while meeting the unique goals of each donor, our funds offer a variety of customized vehicles to support your giving today and for generations to come.
Donor Designated
Provide an ongoing, sustainable revenue stream to one or more of your favorite organizations. Grants from these funds can support a nonprofit in perpetuity. If the organization ceases to exist, an outstanding organization serving the same purpose will benefit from the endowment to ensure your intentions are honored now and always.
Donor Advised
Perfect for donors who want to be actively involved in the grantmaking process. Our team can help you identify effective nonprofits and programs, ensure their charitable status and provide grantmaking and administrative support. These funds offer an immediate tax benefit while providing you with the flexibility to make grants over time to your favorite nonprofit organizations. With this fund, you have the option to name a donor successor.
Field of Interest
Make a bigger impact for specific causes close to your heart with a Field of Interest Fund. The Portage Foundation can identify and award grants to high-performing organizations and programs in health, human services, economic development, animal welfare, education, arts and culture, youth services or any area of community life you want to support.
Unrestricted
An unrestricted fund is named by or for the donor and allows the Portage Foundation to target dollars toward the community’s most pressing needs and can evolve over time to address emerging issues. This fund provides the flexibility, guidance and resources to help you support the causes you care about or respond in critical moments when it matters most.
Scholarship
Target your impact on the next generation by establishing an endowed scholarship. The Portage Foundation can assist you in developing the guidelines and criteria for awards to match your intentions. Can be named in honor or memory of loved one, continuing their legacy within the community.
Agency Endowment
Nonprofit organizations may place their endowed funds at the Portage Foundation, thus assuring donors that funds earmarked for the future will be invested wisely and used appropriately. Our team manages the fund as part of its investments and then distributes an annual payment to the organization.
What can you donate?
Whether setting up a fund, supporting an existing fund, or giving to support our operations, the Portage Foundation accepts a wide variety of financial assets:
- Cash
- Life Insurance
- Publicly Traded Stocks
- Retirement Assets
- Mutual Fund Shares
- Real Estate
- Private Equity
- LLC and Limited Partnership Interests*
- Royalties and rights to oil and gas, mineral or timber interests
- Other Non-Cash Assets
*In order for a donor to receive a full fair market value tax deduction, gifts of business interests must be made before there is a signed purchase agreement.
Memorial Giving
Memorial Gifts provide a way for you to honor an individual through supporting a cause or organization that was important to them. All memorial gifts will be acknowledged with a receipt to the donor for tax deduction purposes. The Portage Foundation will also send a letter to the family of the memorialized individual to notify them of your gift. Gifts can be designated to one of the established funds, one of the Foundation’s Field of Interest funds, or to the Foundation’s Excellence Fund, which goes to the area of greatest need.
Donate now by clicking the Donate button at the top of this page and completing the transaction via PayPal. You may also donate by check payable to the Portage Foundation and mailing it to our address. Be sure to indicate on the memo line the name of the individual for whom you are honoring.
give now
Support current Foundation Funds in one of nine funding priority areas
Ready to accept Tax-Deductible Gifts
Array of Areas to Match Your Interests
Expanded Impact
Areas of Greatest Needs for Community
Great for Individuals, Families & Businesses
Create A Fund
Maximize Tax-Saving Opportunities to Create a Personal Giving Legacy
Easy to Set Up Funding Agreement
Maximize Tax-Savings Benefits
Wide Range of Funding Options
Determine Level of Involvement
Ability to Target Support for Causes that Matter Most to You
Plan for future
Thoughtful Estate Planning to Leave a Legacy of Caring
Plan Now for Lasting Legacy Using Varity of Possible Funding Options
Charitable Bequest
Charitable Remainder Trust
Life Insurance
Retirement Fund Assets
Your legacy, OUR mission.
Create a lasting impact on your most cherished causes while gaining tax benefits for yourself. Contact us today and help build a brighter future.