Common use of Types of Gifts Clause in Contracts

Types of Gifts. 1. Foundation shall accept the following types of charitable gift:  Liquid assets, including, but not limited to, cash, certificates of deposit and negotiable securities (i.e. mutual funds or publically traded securities).  Beneficiary designations in a will, living trust, charitable remainder trust, charitable lead trust or retirement plans. In the case of will and retirement plan designations, such designations will not be recorded as gifts to the Foundation until such time as the gift is irrevocable; when the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable.  Tangible personal property (gift in kind) that is related to the mission of the Foundation, such as historical technology artifacts for the IEEE History Center.

Types of Gifts. 1. Foundation shall accept the following types of charitable gift:  • Liquid assets, including, but not limited to, cash, certificates of deposit and negotiable securities (i.e. mutual funds or publically traded securities).  • Beneficiary designations in a will, living trust, charitable remainder trust, charitable lead trust or retirement plans. In the case of will and retirement plan designations, such designations will not be recorded as gifts to the Foundation until such time as the gift is irrevocable; when the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable.  • Tangible personal property (gift in kind) that is related to the mission of the Foundation, such as historical technology artifacts for the IEEE History Center.