Many options are possible with the gift of property.
EXAMPLE #1: Hobbs Estate
When Elaine Hobbs of Otsego passed away, she left directives in her will that named the TAG Team (our Youth Advisory Council) of the Allegan County Community Foundation as the recipient of her estate. Elaine was not known to the Foundation. She heard of the work of the TAG Team while working on her will with her attorney. The gift of Elaine’s estate resulted in over $120,000 to establish a fund overseen by the TAG Team for the benefit of their peers. The fund supports youth leadership opportunities for Allegan County youth and a TAG Team internship program.
Elaine gifted her entire estate, allowing the Foundation to sell her home and establish the Elaine Hobbs Charitable Fund with the proceeds.
EXAMPLE #2: Russell “Bud” Blanz
Russell “Bud” Blanz wanted to leave the community of Allegan, where he lived as a business man and Fire Chief, a gift. By donating the proceeds from the sale of his home, he was able to establish the R.G. “Bud” Blanz Scholarship. When liquid assets aren’t an option, the donation of real estate may be.