Common use of Opening Contribution Clause in Contracts

Opening Contribution. The minimum opening contribution is $10,000 for individuals and families; $50,000 for corporations, nonprofit organizations or other business entities. If making a contribution of multiple securities or assets, please attach additional pages as needed. Additional gifts can be made at any time. Please refer to The Charitable Giving Guide for further information. □ Check, ACH or Wire for $ □ Marketable securities: shares □ Other: of □ Mutual funds: shares of □ ▇▇▇/retirement plan/life insurance (attach a copy of beneficiary designation form) □ Bequest or other deferred gift – If the opening contribution will be made via a bequest or other deferred gift, check the box and complete the Planned Giving section immediately below. □ Closely held stock, partnership or LLC interest, etc. – FFTC can accept gifts of closely held business interests via Community Investments Foundation, a Subsidiary Foundation of FFTC. Please contact FFTC staff to discuss a gift of closely held business interests and to request the appropriate documents. □ Real estate – FFTC can accept gifts of real property via Community Real Property Holdings, Inc., a Subsidiary Foundation of FFTC. Please contact FFTC staff to discuss a gift of real property and to request the appropriate documents. Estimated value of total initial contribution(s): If known or reasonably expected, please indicate the amount, nature and timing of future contributions (including any deferred gift) to the Gift Fund, if any. The Foundation can help you and your financial advisors structure a planned gift that meets your philanthropic and financial goals. A planned gift is one that originates during your lifetime but is not available to the Foundation until after your death or some other later event. There is no requirement that a planned gift or additional gift be made to the Gift Fund, but estimates of future contributions, if any, will help the Foundation determine how best to administer the assets of, and grants from, the Gift Fund.