A planned gift is one way to make a sizeable donation to GAM Foundation without a current financial impact on you. Such a gift may allow individuals to make a larger gift than might otherwise be possible while creating a legacy that will benefit the GAM Foundation in the future. We encourage you to think about how you might provide support for children through such a gift and we welcome the opportunity to work with you.
If you have made a provision for the GAM Foundation through a planned gift, please let us know through the planned gift intention form so that we can review your intent to make sure the Foundation can fulfil your wishes. Planned gift donors will receive special recognition.
One of the most popular ways to make a charitable gift through your will is with a bequest of a specific dollar amount or a percentage of your estate. We invite you to consider naming the GAM Foundation as a recipient in your will after your loved ones are provided for.
Life insurance policies that were purchased with a specific purpose in mind often become obsolete because of changes in a family’s needs and may provide an opportunity to support the future work of the GAM Foundation. You may name the GAM Foundation as a beneficiary of all or a portion of proceeds that are designated for beneficiaries who are not living to receive it, or you may purchase a new life insurance policy and the GAM Foundation as beneficiary or co-beneficiary.
The two main types of trusts are revocable and irrevocable. Within each of these there lies options for providing for loved ones and charities. Unlike a will that can be contested and is subject to probate, a trust is not subject to probate and while it can be contested it rarely is. Trusts are a great way to avoid some or all estate and gift tax. Depending on how they are structured a trust can be established to provide a lump sum or percentage payout.
The Golf Association of Michigan Foundation, Inc., is a 501(c)(3) not-for-profit organization. Consistent with the overall mission of the GAM to “promote, preserve and serve amateur golf in Michigan”, the foundation allows the GAM to invest in new programming to support access to the game to the broadest possible audience of Michigan residents and to provide tax benefits for contributions from our supporters.