Ways to Give
The Marshall Community Foundation offers a number of giving options to suit each donor’s individual needs and capabilities.
Most Common Types of Gifts:
- Cash and cash equivalents
- Publicly-traded securities
- Gifts of tangible property for Foundation use
- Retirement account assets
- Term life insurance policies
The Foundation will also work with donors and their financial advisors or accountants in developing charitable remainder trusts and charitable lead trusts, if funded with marketable securities and/or cash and further provided that the Foundation does not serve in a trustee capacity.
Some donors are interested in making gifts of specific illiquid assets. These types of gifts may require the approval of the Foundation Board prior to being accepted.
Types of illiquid assets may include:
- Non-public securities, such as S-corporation stock and partnership interests;
- Tangible property which is not readily needed for the Foundation’s purpose, such as the remainder interest in a business, personal residence or farm;
- Life insurance policies with unpaid premiums;
- Art or items of historical significance;
- Various charitable trust instruments, including charitable remainder trusts and charitable lead trusts funded with assets other than marketable securities or cash, or scenarios where the Foundation would act as trustee.
The Foundation will also take the following into account when deciding upon the acceptance of a gift to ensure charitable benefit to the Foundation and the community we serve:
- the value of the asset
- the likelihood that the asset can be easily liquidated
- projected income from the gift (e.g. rental income stream)
- risks to the Foundation (e.g. environmental hazards or potential liability)
- carrying costs (e.g. insurance, property taxes)
For more information about avenues used to establish or support a fund at the Foundation, please contact the Foundation.