Planned Giving

As a beloved resource for the Marin community for nearly 80 years, Marin Art and Garden Center has a long history of support from generous planned donations.

By becoming a Friend of the Garden through a planned gift, you will ensure the future of the Center’s role in the community, while also allowing you to leave your own legacy.

Making gifts from your estate, through your will or a bequest, making gifts from your retirement accounts, or making gifts from life insurance are common ways donors do this. 

What types of assets can I include in my estate planning for Marin Art and Garden Center?
Cash: Designate in your estate plan as a specific dollar amount or as a percentage of your estate.

Publicly traded securities (stocks, bonds, other securities): Designate in your estate plan certain securities to be given to the Center.

Real estate: Your primary residence or other real estate holdings that are part of your estate.

Retirement plan gifts (IRAs, 401K): As your beneficiary, our non-profit organization does not pay income or estate taxes on the distribution. You can obtain a beneficiary designation form from your IRA plan administrator.

Life insurance: Paid-up life insurance policies may be given either as part of your estate or by a change of designated beneficiary to Marin Art and Garden Center.

We recommend that you consult with your tax professional if you are planning to bequeath an asset to Marin Art and Garden Center. Making a planned charitable gift may require the assistance of an attorney, financial planner or CPA to help establish your contribution.

General Bequest Sample Language:
“I give, devise and bequeath to Marin Art and Garden Center, 30 Sir Francis Drake Blvd., Ross, CA 94957,

ID #94-1085734…

the sum of $_________.”
_____% of my estate.”
The following securities, real estate or tangible property: _________.”

Is Marin Art and Garden Center already in your estate plan? Please let us know so that we may properly acknowledge your intentions.

Fill out a planned giving pledge form

IRS Guidelines for Gifts from Donor Advised Funds to Support MAGC Events

Thank you for your interest in giving to the Marin Art & Garden Center events from your Donor Advised Fund (DAF) or Family Foundation.

We sincerely appreciate your generosity and support!

To ensure your gift follows the current IRS guidelines for DAF/Family Foundation support of an event, we would like to share the below guidelines with you.

  • Raffle tickets, tickets to galas and other special events, auction items, and benefits conferred in connection with a DAF/foundation grant are not permitted.
    • IRS has specifically ruled that fair market value associated with fundraising events cannot be separated, a practice known as “bifurcation.”
      • For example, with Edible Garden, if the price of the ticket is $200 and the FMV fair market value (non-tax-deductible amount) is designated to be $50, the donor must pay from sources other than her DAF/foundation for the full value of the ticket ($200) and not just for the non-tax-deductible amount ($50).
    • We recommend you confer with your financial advisor to confirm if any of these examples of how donors may still use their DAF to support an event would work for you:
      • A donor could sponsor the event, and not attend, and pay fully out of the DAF/foundation.
      • A donor could sponsor the event using DAF/foundation funds and attend by purchasing an individual ticket through non-DAF/foundation funds.
      • A donor could sponsor the event, join the event as a guest of another donor/table guest, and pay fully out of the DAF/foundation.
      • A donor could sponsor the event and host the afforded number of people at their chosen level as long as they pay for the seats at the lowest ticket price ($200 for Edible Garden) outside of their DAF.
        • As an example, a $1,500 sponsor that covers 2 guests, could pay for their sponsorship with $400 from a different source of funds, and then give an additional gift of $1,100 out of their DAF.

 

Please email Tod Thorpe, Director of Development at tod.thorpe@maringarden.org to discuss your gift to Marin Art and Garden Center