| What is the Bank of Marin Foundation? The Bank of Marin Foundation is a public charity with nonprofit status, affiliated with the Marin Community Foundation. It enables clients to simplify and organize their charitable giving, while keeping their assets with Bank of Marin. It is an extension of our community commitment, helping and encouraging people to manage and achieve their philanthropic goals.
How does it work? Clients of the Bank of Marin Foundation can create and name their own individual donor-advised funds. They can add assets at their convenience, take charitable tax deductions in the year in which the gift to their fund is made, and recommend grants to qualified nonprofit groups or schools anywhere in the world. The grants can be made in the name of their personal Bank of Marin fund, or they can remain anonymous.
Why should I make charitable donations through the Bank of Marin Foundation?
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The close relationship you have established with Bank of Marin will continue, making your charitable giving as easy and effective as possible, while at the same time placing your assets under the guidance of our Wealth Management Services team. |
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You will be able to make gifts of cash and appreciated securities, as well as more complex assets such as real estate, privately held stock, and limited partnership interests, while claiming a tax deduction based on full market value. |
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You can time your charitable giving to meet your individual needs. |
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You will have access to vast research and advice concerning potential charitable organizations in fields that are of specific interest to you. |
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Your philanthropic portfolio can have a Marin County focus or can be adapted to serve qualified organizations anywhere in the world. |
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You can establish a donor-advised fund as an expendable fund, which enables grants to be made in any amount at any time, or as an endowment, which is a permanent fund that ensure grants are made in perpetuity. |
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If you choose, funds can involve successive family generations, so that children and grandchildren are involved and thereby gain an understanding of philanthropic goals and values.
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Affiliation with the Bank of Marin Foundation will save both time and money from an administrative standpoint, with no legal fees or IRS applications to get started. |
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