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What are they? Designated beneficiary funds enable you to support one or more specific organizations of your choice. These funds can be established to ensure that a particular charitable organization will receive your support over a long period of time, even in perpetuity. This also is an appealing way to support the groups from which you have benefited—such as a school or social service agency.
Highlights
- If the group you choose to support ceases to exist, the fund you establish will support groups with similar missions and goals.
- Designated beneficiary funds may be named to recognize the donor(s), a family member, friend, or organization. Or, you can name the fund to ensure your anonymity.
- MCF can accept donations of almost any asset, including stock and real estate.
- You can choose your own investment strategy from among the investment pools offered by MCF.
- The fund may be established as an endowment (ensuring that grants are made in perpetuity) or as an expendable fund (which enables you to make grants of any size at any time).
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For more information, including financial details and how to open a fund, click on the icon below to download a complete description of a designated beneficiary fund. This is a PDF document that requires Adobe Acrobat Reader.
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Find out more! Send us an e-mail or call Elizabeth Marlowe, vice president for Philanthropic Services, at 415.464.2517. You may also want to request a copy of “Giving Back, Looking Forward: How to Achieve Your Financial and Charitable Goals through the Marin Community Foundation.”
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