We offer a wide range of giving options and vehicles that you can use to establish or add to a charitable fund that you create–for the charitable purposes you desire. Since we are recognized by the Internal Revenue Service as a public charity, donors receive the maximum tax benefits allowed by law. Once your fund is established you can add to it at any time and in any dollar amount.
Gifts of Cash
A cash gift is the simplest way to establish a fund or to add to an existing fund. Cash gifts are fully deductible up to 50% of the donor’s adjusted gross income in any one year. Deduction amounts exceeding this limit may be carried forward for up to five additional years.
Gifts of Real Estate
Gifts of real estate to the Greater New Orleans Foundation can include a house, apartment building, farm, vacation home, commercial buildings and income-producing and non-income-producing land. You can make an outright gift of property now or through your estate, or use it to fund a Charitable Remainder Trust that provides income to you or your children. A gift of real estate that you have owned for more than a year entitles you to a tax deduction for the full market value of the property while allowing you to avoid capital gains tax.
Gifts of Securities
Gifts of appreciated securities (bonds and stock, including stock in closely held companies) also may be used to establish a fund or add to an existing fund. Such gifts often provide important tax advantages. Their full- fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. Gifts of closely held stock enjoy the same tax benefits as publicly traded stock.
Gifts of Life Insurance
Life insurance policies also can be used as charitable gifts. By naming the Greater New Orleans Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as charitable contributions.
Gifts from a Private Foundation
A private foundation can make a grant to any fund at the Greater New Orleans Foundation. A private foundation may also transfer its assets to a Donor-Advised Fund or supporting organization to alleviate financial, tax, and administrative burdens.
Leave a Legacy: The 1923 Society
By planning now to give a gift from your estate, you can join Lafayette Le Chat, the French Quarter cat, and hundreds of caring individuals whose generosity has ensured that the New Orleans region will thrive long after they themselves have passed on. There are many ways to structure a planned gift, and our planned giving staff can work with your own financial advisor or tax consultant to design the perfect legacy gift for you.
Be a Partner in Philanthropy
So long as there are people and needs in New Orleans, the Greater New Orleans Foundation will need donors to help us keep the lights on. By becoming a Partner in Philanthropy, you ensure that GNOF can meet its operating expenses, thereby freeing Foundation staff to focus their time, talent, and other resources on meeting the needs of our region.
Call 504-598-4663 to speak with someone in our Development Department who can answer detailed questions or set up an in-person meeting. Or you may email our development officer, Allie Betts.