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 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 remainder 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 is expert 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 securities. There are also several convenient ways you can establish a fund at the Community Foundation, with different benefits. You can establish a fund and fully fund it during your lifetime, establish a fund by bequest, or consider a life-income arrangement. Whatever you prefer. We hope you consider calling on us to discuss these options.
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. Executive Director, Chris Askin is well versed in planned giving options, and can help you identify the one that best suits your needs.
