Giving and Helping

Planning a Gift to Mount Dora Community Trust

One-time or annual gifts of any size may be made in the form of cash or securities. Gifts of appreciated stock can provide an extra tax savings advantage. Not only are such gifts generally deductible at their full current value, they may also qualify to bypass the capital gains tax due if the appreciated stock were otherwise sold.

A gift of cash or other property through your will or trust can provide significant estate planning opportunities. Your heirs can benefit and the Mount Dora Community Trust continues your philanthropy in perpetuity, a legacy of your care and concern for Mount Dora and its citizens.

Deferred giving techniques include charitable remainder trusts and charitable lead trusts. With charitable remainder trusts, you or a loved one can receive a lifetime income and, at the death of the income beneficiary, the remainder of the trust passes to the Community Trust.

Charitable lead trusts provide income to the foundation for charitable purposes specified by the donor. After a set number of years, the remaining principal and any appreciation go to children or other beneficiaries named by the donor.

 

Types of Funds Administered by MDCT

The Mount Dora Community Trust strives to promote the interests and goals of both the community and its donors by offering a wide range of charitable gift and contribution options. We provide a variety of ways to give to one of our established funds, or you can create your own. You can elect to donate now or set up a future gift as part of your estate planning.

However you want to help ensure the continued vitality of Mount Dora, we make it easy to leave an important and lasting impression.

View current list of funds below:

Donor Advised Funds

Donor advised funds provide a flexible way to contribute assets over time and recommend grants for the local charities and causes you most want to support. While IRS regulations require the Trust’s governing body to maintain ultimate legal control over distributions, the Committee takes donor recommendations into consideration.

 

Field of Interest Funds

This group of funds is ideal for donors passionate about specific issues, such as education, healthcare, the arts, religious instruction or any other that may be important to the community.

 

Designated Beneficiary Funds

This fund group is perfect for donors who want to benefit particular groups or organizations dear to them.

 

Philanthropic Funds

These funds are an easy choice for donors who want to support local causes but wish to leave their selection and grant conditions to the Trust’s Distribution Committee.

 

Scholarship Funds

Scholarship funds are designated to help students cover expenses associated with all levels of education. Custom scholarships can be created to benefit specific students, schools, vocations or regions of Mount Dora. For more information or to obtain an application, please contact the Guidance office of your high school. Our scholarship funds are only available to high school seniors at Christian Home & Bible School or Mount Dora High School unless otherwise indicated.