• Home
• About Us
  • CLTs
    • Features of CLCLT
    • CLT homeownership comparison chart
    • FAQ
    • Other MN CLT's
  • Projects
  • Organization
    • History
    • Board
    • Supporters
    • Staff
  • Publications
    • CLCLT Brochure
    • Research
    • Annual Report
  • News & Events
    • Events
    • Newsletter
    • Press
• Buyers
  • CLCLT Orientation Scheduele
  • Homes For Sale
  • HIP
  • Buyer Selection
  • Resources
  • Buyer Education Packet
  • How To Apply
• Owners
  • Homeowner's Bulletin
  • Homeowner's Resources
  • Training Events
• Support Us
  • Membership
  • Donations
  • Volunteering

Get Involved!

Donations • Volunteer

Donations

The City of Lakes Community Land Trust (CLCLT) is an excellent charitable investment. The City of Lakes Community Land Trust (CLCLT) is established as a federally tax-exempt charity under Section 501(c)(3) which entitles the donor to income tax deductions and other significant tax advantages. Below are optional forms of giving to the City of Lakes Community Land Trust (CLCLT). If you have any questions regarding the following options, please talk to your accountant or attorney or contact our office to see which would be the best way for you to support the City of Lakes Community Land Trust's mission.

• Charitable Donations
  Charitable donations by individuals and families are tax-deductible gifts of any asset - cash, stock, real estate, life insurance, artwork or any other property of value - given to any qualified charitable organization.
• Gifts of Securities
  Gifts of Securities can be the most economical, productive, and satisfying way for high net-worth donors to support a favorite cause. The IRS allows donors to deduct up to half their adjusted gross income (AGI) in a given year. It also stipulates that up to 30 percent of one's AGI may be charitably deducted in the form of transfers of appreciated stock, in which the donor is allowed to deduct the full appreciated value of the security without having to pay the capital gains tax - in effect, a double tax benefit from one transaction. The cost of the gift to the donor is the original purchase price of the stock, minus the capital gains tax, and minus the amount saved in income taxes from that itemization. The value of the gift to the charity, on the other hand, is the full-appreciated value of the stock - often a major gift for that charity.
• Charitable Bequests
  Charitable Bequests are gifts to the City of Lakes Community Land Trust (CLCLT) via a will or trust. This is a marvelous way to give to a favorite cause and to reduce overall estate taxes. Remarkably, fewer than 1 in 5 estates of over $1 million take advantage of this.
• Charitable Gift Annuities
  Charitable Gift Annuities provide a prudent and practical way to support the City of Lakes Community Land Trust (CLCLT). They allow donors to receive a fixed income for life, which is guaranteed never to decrease. In addition, for a period of years, a portion of the annuity's income will be tax-free. Funding gift annuities with an appreciated asset such as stock may result in capital gains tax savings and favorable treatment of any capital gains tax that may be due.
• Charitable Remainder Trusts
  Charitable Remainder Trusts allow a donor to transfer money, securities, or both to an individually managed trust, which pays the donor an income for life. Donors are entitled to a sizable income tax deduction in the year of the gift. In addition, the appreciated portion of the gift escapes capital gains tax.
• Charitable Lead Trusts
  Charitable Lead Trusts pay income to the City of Lakes Community Land Trust (CLCLT) for a specific period of time. At the termination of the trust, all gift assets are returned to the donor or other person(s) designated in the trust, such as children or grandchildren. The income received by the City of Lakes Community Land Trust (CLCLT) can be used to establish an endowment fund in the name of the donor. Whereas charitable remainder trusts generate significant income and estate tax deductions, lead trusts are used primarily to reduce estate tax liabilities on gifts to family members.

  Click here for our Membership mail in Brochure(pdf)

Volunteer
The City of Lakes Community Land Trust (CLCLT) is a small, maturing organization with many volunteer opportunities that will make a significant impact in the organization. There are numerous opportunities to volunteer with the CLCLT:

• • Be a volunteer presenter at one of our Post Purchase Education sessions, Homebuyer Education courses, or CLT orientations. If you are a realtor, lender or other housing professional - give us a call, we would love to put you to work.
  • Become a member of the Board. In the 4th quarter each year, at CLCLT's annual meeting, new board members are elected to the board. Contact our office to receive information and an application.
  • Serve on one of many CLCLT committees. The CLCLT has an active Homebuyer Education Committee, Outreach Committee, Project Development Committee, and Advisory Committee. We are always looking for interested individuals in building the CLCLT.
  • Volunteer for events. We always need help at CLCLT events. From the Annual Meeting in the Fall to various housing fairs to presenting at neighborhoods and churches, we appreciate assistance spreading the wors on how the CLT works and the benefits it brings to Minneapolis.
  • Your professional expertise. Think about how your day-to-day activities can contribute to building a bigger and better CLT for Minneapolis

  << Back to Top >>