Why make a donation?
Unlike previous Lake fundraising attempts, donating through the Lake Monticello Community Foundation can provide tax advantages because we’re a 501(c)3 non-profit.
Donating to the Foundation also benefits your own community directly, with all proceeds going to improve life at the Lake. And Lakers will help decide the best uses for the money and the volunteer time.
It’s a win, win, win for everyone!
The Lake Monticello Community Foundation, Inc. is registered with the Internal Revenue Service as a 501(c)(3) non-profit organization. Contributions to the Lake Monticello Community Foundation are tax-deductible to the extent permitted by law. The Foundation’s tax identification number is 84-5032758.
Maximize Your Required Minimum Distributions
Did you know you can use Lake Monticello Community Foundation for a qualified charitable deduction? By giving, you can reduce your taxable income and maximize your support of Lake Monticello Community Foundation's mission. By giving via a qualified charitable donation you are able to transfer funds that count toward your annual Required Minimum Distribution (must be over 72 years old) AND avoid a taxable event or resulting taxable income by directly transferring your gift from your investment firm to Lake Monticello Community Foundation. Contact us for details on Community Foundation's non-profit number and mailing instructions. Naturally consulting with your financial adviser before making any donation is wise.