Latest Activity

Giving Options

By March 2, 2015 No Comments

There are many ways to give through the West Marin Fund. Your financial, tax, or estate planner can help you choose the method that is right for you.

Already know you want to give?


Cash

Cash is the easiest way to contribute, whether by check, credit card, or actual cash. Donors who make gifts of cash are eligible for a charitable deduction in the year the gift was made. You can make a credit card donation to the West Marin Fund by choosing to Donate Now.

Please make checks payable to West Marin Fund and note the fund name, if applicable, in the memo line (as in TBYC-Future Fund).  Mail checks to:

West Marin Fund
P.O. Box 1496
Point Reyes Station, CA  94956


Stocks

Publicly traded stocks owned for more than one year may be donated to the West Marin Fund as a charitable gift. Donors are eligible for a tax deduction for the fair market value of the appreciated stock. By donating appreciated stock to the Fund, you can avoid capital gains taxes that would otherwise occur at the sale of the stock. Download a PDF of our brokerage transfer instructions.


Bequests

A bequest is the most common form of planned giving. By including a charitable contribution in your will, you are able to make a simple gift that is in many cases larger than you could make during your lifetime. A bequest can take the form of a specific item (such as a home) or a specific amount of money, or may serve as a “residual bequest,” where the remainder of your assets become a gift after all other specific bequests have been paid out. Gifts made to charity by bequest are deducted from the donor’s federal estate tax. Simple bequest language can be found here.


Individual Retirement Accounts & Other Retirement Plans

You can use assets held in an individual retirement account (IRA), 401(k), 403(b), or similar account to start a fund with us at the time of your death. Retirement accounts, while very attractive from a tax standpoint during lifetime, are the most heavily taxed assets in an estate at death. To make a gift using retirement assets, you need to fill out a form with your retirement plan administrator designating the West Marin Fund as the new beneficiary. There is no cost, and the beneficiary can be changed at any time.


Life Insurance

You may make a deferred gift of life insurance to the West Marin Fund in several ways. For example, you may make a gift of a life insurance policy by irrevocably designating the West Marin Fund as the owner and beneficiary of the policy. Alternately, you may designate the West Marin Fund as a percentage beneficiary of a life insurance policy you own.


Charitable Remainder Trusts

Charitable Remainder Trusts allow you to transfer assets to a trust, take an immediate tax deduction and receive an income for your lifetime. The size of the deduction varies with the age of the income beneficiaries.

Charitable Remainder Trusts are used to guarantee a retirement income while making a significant charitable gift. They usually require a minimum of $100,000 in initial contribution, though many banks have higher minimums if they are serving as a trustee. The donor may serve as the trustee of the trust if they choose, and in some cases, West Marin Fund will be willing to serve as a trustee, through our West Marin Fund account at the Marin Community Foundation. For most people, a bank trust department or other corporate trustee is the best choice.


Real Estate

Residential property, commercial or industrial sites, and undeveloped land are attractive assets for charitable giving. You can contribute a piece of real estate, or a partial interest in a piece of real estate through West Marin Fund. Some donors choose to contribute property through WMF while retaining the right to live there during their lifetime.

When you make a gift of property through WMF you get an immediate tax deduction.

Donors are entitled to deduct the value of the asset; the determination of that value may require independent assistance.


Build Your Own Plan

The needs of each donor are different, and these are only a few of the many ways that a charitable plan may be established. For more information, including consultation about your own planning, please contact Sarah Hobson or any member of our board at info@westmarinfund.org

 

COVID-19 COMMUNITY RESPONSE FUNDLearn More ‣
+