Planned Giving

 

1926 Legacy Society

The College of Marin 1926 Legacy Society was created to honor those alumni and friends who have chosen to remember COM in their estate and financial plans. In doing so, these donors demonstrate their commitment to excellence in community college education by establishing a lasting legacy. Legacy gifts allow the college to plan for the future by providing funds for student scholarships, academic programs, library resources and instructional technology.

Membership is offered to all individuals who have made a provision in estate plans for the college, regardless of the amount. By becoming a member of the Legacy Society and allowing the college to list your name as a member, you may inspire others to make the same commitment with a planned gift.

Bequest In Your Will or Trust

Bequests to the Marin Community College District (dba College of Marin) are the most common planned gift. A bequest in your will or living trust can be in the form of a percentage of the estate or a specific dollar amount. The bequest may be restricted for a specific purpose or be unrestricted. For more information about making a Bequest to COM see our resources page.

Gift of Appreciated Property and Real Estate

Donors can contribute long-term appreciated stocks, bonds, or real estate. When you make a gift of appreciated property to the College of Marin, you will receive a double tax benefit. First you may deduct the present full fair market value of your gift. Second, you can completely avoid capital gains tax on the property’s appreciation. You can deduct gifts of long-term appreciated securities and real estate up to 30 % of your adjusted gross income, and any excess amount is deductible over the five following years. For more information about making a Gift of Appreciated Securities to COM see our resources page.

Gift of Retirement Plan Interests

If you have considerable accumulations in your tax-deferred retirement plan — such as IRA, 401 (k), 403 (b) — you can name the College of Marin as the after-death beneficiary of the plan. Income and estate taxes, which can be as much as 75 percent of the retirement plan, can be saved through this planned gift. For more information about making a Retirement Plan Gift to COM see our resources page or please contact Linda Frank at lfrank@marin.edu.

Gift of Insurance Policy

When you give a paid-up life insurance policy to the College of Marin, you receive a tax deduction for the cash surrender value, or cost basis of the policy. You can deduct your policy gift up to 50% of your adjusted gross income, with a five-year carryover for any excess. You may also purchase a new policy and make the College of Marin the owner and beneficiary. The annual premium you pay is a tax-deductible gift. There are tax advantages when making the College of Marin the owner and beneficiary of a policy on which premiums are still being paid. For more information about making a Gift of Insurance to COM see our resources page.

Charitable Remainder Trust

You may use an irrevocable charitable remainder trust to provide income to you or to a loved one. These trusts can be set up to pay you a fixed annual income or a variable income based on a percentage of the trust’s fair market value. Charitable remainder trusts have become popular financial planning vehicles and are frequently funded with appreciated property such as securities. When appreciated property is placed in a charitable trust, you avoid paying the capital gains tax on the gifted property’s appreciation. These trusts can be written by an attorney for your lifetime or for a term of up to 20 years.

Quick and Easy Ways to Support COM’s Future

For over 90 years College of Marin (COM) has benefited from the generosity of people who remembered this important organization in their estate planning. Such support is extremely important to us and is greatly appreciated. There are four ways you might consider including a gift in your plans. For more information see our resources page.

 

For more information on any of these Legacy gift options please contact Linda Frank at lfrank@marin.edu.  Download a Letter of Intent for a Future Gift here.

The Internal Revenue has determined that the Marin Community College District (MCCD) is a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. The MCCD, also known as College of Marin, has two campuses in Kentfield and Novato, California. All gifts or bequests to benefit the College of Marin should be designated with the Marin Community College District as the beneficiary. Gifts to the MCCD are tax deductible. The District Federal Tax ID is 68-0194359.The COM Advancement staff is experienced with managing planned gifts and working with you to achieve your philanthropic goals and benefit future generations of COM students.