What kinds of assets can be used to set up a fund at the community foundation?
One of the distinct advantages of working with a community foundation is our flexibility. As a general rule, a community foundation can accept any type of asset as long as it is marketable and is not encumbered by an unusual liability. Most often, funds are started through a gift of cash, real estate or closely held stockbut we have accepted gifts of artwork, intellectual property and other personal assets. There are also several convenient financial vehicles for setting up a fund at the Community Foundation with different benefits. We offer charitable remainder trusts, gift annuities and several ways to use retirement funds to reduce estate taxes, provide for income to heirs and establish a charitable legacy. Our philanthropic services staff are experts in planned giving options, and can help you identify the one that best suits your needs.
One of the distinct advantages of working with a community foundation is our flexibility. As a general rule, a community foundation can accept any type of asset as long it is marketable and is not encumbered by an unusual liability. Most often, funds are started through a gift of cash, real estate or closely held stockbut we may accept gifts of artwork, intellectual property and other personal assets. There are also several convenient financial vehicles for setting up a fund at the community foundation with different benefits. We offer charitable trusts, and several ways to use retirement funds to reduce estate taxes, provide for income to heirs and establish a charitable legacy. Our philanthropic services staff are experts in planned giving options, and can help you identify the one that best suits your needs.
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One of the distinct advantages of working with a community foundation is our flexibility. As a general rule, a community foundation can accept any type of asset as long it is marketable and is not encumbered by an unusual liability. Most often, funds are started through a gift of cash, real estate or closely held stock ? but we have accepted gifts of artwork, intellectual property and other personal assets. There are also several convenient financial vehicles for setting up a fund at the community foundation, with different benefits. We offer charitable remainder and lead trusts, gift annuities and several ways to use retirement funds to reduce estate taxes, provide for income to heirs and establish a charitable legacy. Our philanthropic services staff are experts in planned giving options, and can help you identify the one that best suits your needs.
