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In the 55 years of its history, through your donations, the Inverness Garden Club Scholarship Fund (IGCSF), a standing committee of the Inverness Garden Club, has raised close to one million dollars to support the education of the community’s future leaders. These dollars, awarded as scholarships, have provided educational support to over 600 qualified students with financial need whose primary residence is in a coastal West Marin community or who have graduated from Tomales High School. What began as a single scholarship of $250 presented to one graduate from Tomales High School in 1961 has now become $1000 to $10,000 scholarships awarded to 52 students in 2014.
In 1998 the Club merged with the Scholarship Fund into one 501[c] organization. Thus, the IGCSF is a non-profit public benefit corporation, incorporated under the laws of the State of California, and organized exclusively for the charitable and educational purposes within the meaning of Section 501[c] of the Internal Revenue Code of 1954. Make a gift today to support the work of the Inverness Garden Club Scholarship Fund, we cannot do it without you!
In its 81 years of operation, the Inverness Garden Club, in addition to awarding scholarships to deserving coastal Marin students, has worked hard to stimulate the knowledge and appreciation of gardening and its related subjects, promote the beautification and enhancement of our local community and aid in the protection and preservation of native plants and grasses. It is your support that has made all of this possible.
TYPES OF SUPPORT:
Cash may be donated in the form of checks or a cashiers check. Cash gifts begin working for the Inverness Garden Club immediately! Please make your check payable to the “IGCSF” or the “Inverness Garden Club Scholarship Fund.”
Your thoughtful Will should be the cornerstone of your estate plan. A Will gives form and substance to your concern for the future of your family and other beneficiaries. It’s easy to provide unrestricted and designated gifts for the Inverness Garden Club Scholarship Fund in your Will through a bequest. Here is typical language for remembering the Inverness Garden Club Scholarship Fund in your Will or Living Trust. Use this language in consultation with your attorney. I devise and bequeath to the Inverness Garden Club Scholarship Fund (tax I.D. 946088058), located in Inverness, California, the sum of ____ dollars ($____) OR ____ percent (____%) of the rest, residue and remainder of my estate OR the following described property: ____located at (address):____ Thank you for remembering the Inverness Garden Club when you create your legacy of giving.
Memorial Gift or Gift in Honor
To remember someone special in your life, please consider a gift in memory of a dear loved one or friend. Families and friends wishing to make gifts in memory or in honor of beloved family members or close friends may send gifts so noted to the Inverness Garden Club Scholarship Fund.
Perhaps you own a life insurance policy and really don’t need the benefits anymore. Did you know you can name the Inverness Garden Club Scholarship Fund as the beneficiary of your insurance policy?
Gifting an old or new whole life insurance policy with the Inverness Garden Club Scholarship Fund as the beneficiary and owner offers you an immediate tax deduction for the premiums paid or the cash value of the policy at time of transfer, whichever is less. Gifts of insurance, like all other charitable gifts, pass to the Inverness Garden Club Scholarship Fund free of estate tax.
Charitable Gift Annuity
A Charitable Gift Annuity is a simple agreement which provides you with a fixed, guaranteed, life-time stream of income in exchange for a gift of cash or securities. You would also receive an immediate income tax deduction. By meeting some of a donor's financial needs, gift annuities make it possible for some people to make larger gifts to the Inverness Garden Club Scholarship Fund than they otherwise could.
Charitable Gift Annuities are ideal for retirees
Retirees often are interested in having an “income they cannot outlive” – which is just what a Charitable Gift Annuity offers. Charitable Gift Annuities offer a safe way to “dip into principal” and improve one’s living standards while benefitting a beloved charity such as the Inverness Garden Club Scholarship Fund. A local California community foundation backs the annuity payments with the full faith and credit of a multi-million dollar organization. Rates follow the recommendations of the American Council on Gift Annuities and are subject to change. The minimum gift is $25,000 and the minimum donor age is typically 65. Consult your lawyer or tax advisor about the benefits of this type of gift giving.
GIFTS OF SECURITIES
Stocks, Bonds, Mutual Funds
Stock, bonds and/or mutual funds may be transferred to the Inverness Garden Club Scholarship Fund by your broker. Gifts of stock, bonds and/or mutual funds often generate tax savings and the avoidance of capital gains. Usually it’s better for the donor not to sell the stock, bond, or mutual fund; but to transfer the stock, bond, or mutual fund as is to the Inverness Garden Club Scholarship Fund.
Corporations sometimes match the donations of their employees. Check with yours and request an employee matching gift form. This doubles each gift you make!
Please note: All of the above information also applies to gifts or donations to the Inverness Garden Club (IGC).