Tax Advantages

Federal tax laws provide significant incentives for contributions made to a community foundation—advantages superior to those accorded to private foundation donors.

Pinellas Community Foundation (PCF) is not subject to the taxes and regulations affecting private foundations. Gifts of cash may allow you to realize up to a 50-percent deduction off your Adjusted Gross Income (AGI) in the year of your donation.

Please speak to your tax advisor to understand the implications of your individual tax savings as tax laws may change from year to year.