Gift Acceptance Policy
Bequest
Gifts can be made through a will that can be a specific
dollar amount or a percentage of an estate.
Real Estate
Gifts of real estate will be sold by a professional realtor.
The value will be determined by an accredited real estate appraiser. Goodwill
will not hold property unless it can be used for office, retail, production,
warehouse or other business related functions. Goodwill will not accept a gift
of property until any real estate tax burden has been established and/or any
environmental or other liability has been determined.
Life Insurance
Goodwill can be named as a beneficiary on a life insurance
policy that will be paid out upon the donor's death.
Bank and Investment Accounts
It is the policy of Goodwill to liquidate investments and
roll the proceeds into our already established accounts. Goodwill investments
are managed by a Trust Officer. The timing of the liquidation of accounts will
be determined jointly by Goodwill and its Trust Officer.
Other Property
Other physical assets may be accepted. Goodwill will sell
assets after having an appraisal done of the items donated. Goodwill will not
hold property unless it can be used for office, retail, production, warehouse
or other business related functions.
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