Your clients have several options to consider as they explore giving through our community foundation:
Outright bequest – donor names the GCRCF as a beneficiary for a portion of their estate. This can establish a designated or field of interest fund supporting the client’s favorite charities or be an unrestricted gift that supports the GCRCF’s grant programs.
Donor-advised fund – donor works with professional staff to identify ways to best use the dollars in the donor-advised fund.
Charitable Remainder Trust –Donor transfers the asset into the trust and receives income from the trust. The “remainder” asset at the death of the donor establishes a charitable fund at the GCRCF.
Charitable Gift Annuity – the donor transfers an asset (traditionally cash or appreciated stock) to the GCRCF and receives a guaranteed income for life.
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If your client is considering the creation of a private foundation, we strongly encourage you to have them explore the advantages a community foundation can offer. More details on this issue can be found in Private Foundation Options.
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If you have questions about our donor options that have not been answered in this section, please click here to Contact Us for more information. |
