We appreciate your contribution and support. Together we elevate Chinatown and are a voice for equality through education and contemporary art.
Your generous gift will:
- Elevate Chinatown by bringing world class artists to the community
- Give voice to the underserved and minority communities
- Activate and reframe public spaces, improve the quality of life for many low income residents and change minds about the community.
If you have questions, please call us at (415) 986-1822.
The Chinese Culture Foundation of San Francisco is a nonprofit 501(c)(3) organization. Our federal tax ID number is 94-1688190.
Ways to give
As a part of Way.com sponsorship, every time you donate via credit card, your entire contribution on-line or using credit card will go towards our cause in supporting art and education programming. Donations will appear as “Way.com” on your credit card statement.
Cash or Checks
Mail your gift to:
Chinese Culture Foundation of San Francisco
750 Kearny St., 3/F
San Francisco, CA 94108
Memorial and Honorary Donations
A wonderful way of paying tribute to a loved one. Memorial donations are a productive way of keeping the memory alive of those who have passed away while contributing to a worthwhile cause. Donations in honor of a loved one’s special achievement are also a nice way of recognizing the occasion while creating opportunities for others. The family of those you remember or the person you honor will receive notification of your gift at your request.
Gifts of Stocks and Bonds
You can make outright gifts and pledges in the form of appreciated securities rather than cash, and benefit from extra tax advantages. If you itemize, you are entitled to a charitable income-tax deduction for the full value of your gift, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains that you would owe if you sold the securities. Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income. Please check with your tax advisers.
Gifts of Closely Held Stock
If you own stock in a closely held corporation, you can use stock to make a gift to The Chinese Culture Foundation. It will bring you substantial tax benefits. There are a number of strategies you can use to structure the gift according to your circumstances.
Gifts of Personal Property
In planning your estate, remember that valuable collections, works of art, and other forms of tangible personal property may be subject to estate taxes. By donating such items during your lifetime rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift. For a gift of tangible property, you are entitled to an income tax charitable deduction amounting to the property’s full, fair-market value, provided the use of the object is directly related to the Chinese Culture Foundation’s tax-exempt functions.
Gifts That Provide Income
You may wish to make a substantial gift to the Chinese Culture Foundation but feel you cannot afford to give up the annual income produced by the asset. Our life-income gift program offers several ways to help you make such a gift, while retaining an income for your lifetime.
The benefits to you, the donor, vary, but all these arrangements have the following attractive features:
- Income for life paid to you and/or another beneficiary, such as your spouse or another family member;
- Increased income if a gift is made to a life income plan that produces a higher yield than the donated asset;
- An immediate federal income tax deduction for a portion of the value of the gift; and
- Elimination of capital gains tax at the time of transfer if the asset is in the form of securities or real estate that has appreciated in value.
Gifts of Real Estate
Almost any kind of real estate can make a a valuable gift to the Chinese Culture Foundation: a primary residence, vacation home, farm, commercial building or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life. As with gifts of appreciated stocks, bonds, mutual funds, and personal property, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate; and you avoid estate taxes on the appreciated asset.
Gifts of Real Automobiles
We have partnered with the Asian American Donor Program for those that wish to donate their automobile. The automobile must be in running condition and able to pass smog. If you would like to donate a vehicle please contact Ben Mok at 415-986-1822 ext. 26 or [email protected]
Gifts Through Life Insurance Policies
Life insurance can be a form of a gift to charity and some employer may have it as part of their employee benefit plans. Please consult your tax adviser whether this type of gifting is suitable, if so, please consider making The Chinese Culture Foundation of San Francisco as beneficiary of your insurance policy.
Gifts Through Bequest
If you wish to leave a portion of your estate to the Chinese Culture Foundation, please consult your estate planner. The wording of the bequest should include the full name and address of our Foundation: The Chinese Culture Foundation of San Francisco, 750 Kearny Street, San Francisco, CA 94108
The value of a bequest to the Chinese Culture Foundation is deductible for estate tax purposes, and there is no limit on the amount of the deduction.
Through careful planning, you can identify the method for making a contribution which best suits your situation while maximizing the benefit to the Chinese Culture Foundation. We encourage you to consult your financial advisor before making a significant gift. We want your giving to be not only generous and joyful, but prudent as well. The Chinese Culture Foundation is a non-profit organization that relies on the generous donations of individuals and organizations in the public. Help us give back to the community; help us work for you.
You can also support through your purchases on Amazon and Ebay. For eligible purchases at AmazonSmile, the AmazonSmile Foundation will donate 0.5% of the purchase price to the customer’s selected charitable organization. Click the link below to select the Chinese Culture Foundation as your charity.
2018-2019 Tax tips
Increases in Standard Deduction
The standard deduction has been increased to $12,000 for people who file as single and $24,000 for married people who file jointly. If your deductions in 2018 are less than the standard deduction, consider bunching multiple years’ worth of charitable contributions together so that your itemized deductions exceed the standard deduction in any given year. You can then go back to utilizing the standard deduction the following year in order to full maximize on your total deductions over a number of years. Charitable contributions can be made into a donor-advised fund for a full deduction in the year the gift is made and distributed to your charity of choice anytime in the future.
Before taking any action, please be sure to discuss this strategy with your tax advisor.
Amazon Smile and Ebay Giving Foundation
If you have any questions, please contact Ben Mok 415-986-1822 ext. 26.