The word “philanthropy” usually brings to mind the notion of giving money; but, cash, while easy, is far from the only way to reach your planned giving goals. Marion Community Foundation’s professional staff and financial advisors can help you make arrangements to create your fund and support United Way through a variety of gifts.
While cash, stocks, real estate, and other assets are always an option, planned giving is a more long-term approach. Planned giving typically utilizes bequests from wills or trusts or the naming of a charitable beneficiary for an insurance policy or IRA to establish a fund now for future benefits.
Wills & Trusts
If you’re not quite ready to make a gift at this time, but you do want to establish your legacy in the Marion community, you can still create your fund by naming Marion Community Foundation the beneficiary of your will, trust, TOD, or POD designations. Options include designating a fixed dollar amount of your gift or a percentage of your estate.
Life Insurance Gifts
If you have a life insurance policy you no longer need, consider naming Marion Community Foundation as the owner and beneficiary of the policy. By doing so, you receive a charitable deduction for the cash value or the adjusted basis. Premium payments can also be deducted as a charitable gift. A new policy on your life naming a charity as beneficiary guarantees a future gift as well. Many other options regarding life insurance are available.
Marion Community Foundation will work closely with your estate planning professional on all of the details.