Assets to Consider

Almost any asset can be used:

Cash

Gifts of cash are the easiest way to give. Gifts of cash are fully deductible up to 50 percent of the donor’s adjusted gross income.

Publicly Traded Securities

Readily marketable securities, such as those traded on a stock exchange, can be accepted by the Foundation.

Closely Held Securities

Non-publicly traded securities may be accepted after consultation with the Investment Committee or Executive Committee of the Foundation, and if needed the Foundation’s legal counsel. Prior to acceptance, the Foundation shall explore methods of liquidation for the securities through redemption or sale. No commitment for repurchase of closely held securities shall be made prior to the completion of the gift of the securities.

Partnership Interest

The Foundation does not accept gifts of general partnership interests due to potential unlimited liability. Limited partnership interests may be accepted after consultation with the Investment Committee or Executive Committee of the Foundation, and if needed the Foundation’s legal counsel.

Real Estate

Gifts of real estate must be reviewed by the Investment Committee or Executive Committee of the Foundation before acceptance. The donor is responsible for obtaining an appraisal of the property. The cost of the appraisal is usually borne by the donor. Due to the expenses associated with gifts of real estate, only gifts in excess of $50,000 will be accepted.

Life Insurance

The Foundation will accept life insurance policies as gifts only when the Foundation is named the owner of the policy and the Foundation is the beneficiary in the amount of $5,000 or more. If the insurance policy is not fully paid up, the usefulness of the gift is judged on a case-by-case basis. If the policy is accepted, the Foundation may choose whether to cash it in for the current surrender value, or continue to pay the premium.

Tangible Personal Property

Gifts of tangible personal property, such as jewelry, artwork, collections, equipment, and software, will be accepted after approval by the Investment Committee or the Executive Committee of the Foundation. Gifts of tangible personal property must be saleable and the donor must agree that the property can be sold unless the property should have a use related to the Foundation’s tax exempt purpose.