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Gift Planning

Whether you are new to giving or simply looking for a strategic partner, we are here for you. Contact us to talk to gift planning staff about your charitable goals. We will meet with you individually or provide resources to help you explore the most effective way to accomplish your vision. We can help you measure the impact your giving has on the community.

We are pleased to provide you an estate planning toolkit and online tools for planned giving.

Support the Important Causes in Your Life

Innovia Foundation has partnered with donors to establish more than 800 funds, addressing unmet needs and supporting programs that make the world a better place to live, work and play. Because no one person can do this work alone. It requires all of us.

Types of Funds

Community Funds are discretionary endowed funds that are flexible in their ability to meet emergent needs, as well as support high-impact community initiatives across our region. Distributions from Community Funds are pooled to increase the overall giving power through community grant programs and regional initiatives. 

Donor-Advised Funds make distributions based on recommendations from the fund’s donor-advisor/s. These funds can support 501 (c)(3) nonprofit organizations, churches, schools, tribes or cities/towns for public charitable purposes. Donors may choose to appoint advisors in addition to themselves.

Donors can provide ongoing permanent support to one or more of their favorite organizations by establishing a Designated Fund. With this type of fund, the organization(s) or charitable program(s) the donor selects will receive regular distributions in perpetuity. The fund is invested, and each year a portion of the fund becomes available to spend for grants recommended by the donor-advisor.

A Nonprofit Fund is created by the nonprofit for its own benefit. A Nonprofit Fund makes charitable distributions to the organization to support its general charitable purposes, or a specific purpose defined by its board of directors. These endowments can be set up to allow the nonprofit to access the fund principal for its own charitable purposes.

Scholarship Funds are designed for donors who want to help students from Eastern Washington and North Idaho attend colleges, universities or vocational schools in the region or, with certain scholarships, attend school outside the region.

Future Funds are ideal for families and individuals who want to specify how their assets should be distributed after their lifetimes. Donors establish Future Funds to receive their assets from a will or trust and personally communicate how their charitable contributions will forever benefit their favorite charities.

Administrative Funds exist for the purpose of supporting the work of Innovia Foundation throughout Eastern Washington, North Idaho and beyond.

Types of Assets We Accept

*We do not accept gifts of timeshare units or used automobiles.

Cash

Gifts of cash, which include checks and online gifts using a credit or debit card. We encourage donors to consider making gifts of appreciated assets.
This includes securities, such as stocks and bonds, or mutual funds.

Charitable Remainder Trusts

Gifts of charitable remainder trusts or charitable lead trusts, retained life tenancy in a residence, ranch, farm or bargain sales also require review. Gifts of ranches or farmland may be held in perpetuity and operated to provide income for charitable purposes.

Retirement Funds

Gifts from retirement funds, including IRA charitable rollover (also called QCD) gifts to meet required minimum distributions (RMDs). Remember, you can name Innovia as a beneficiary (or secondary beneficiary) of your retirement fund, your life insurance policy or your bank or brokerage account.

Gifts of Unique Assets

Gifts of life insurance and real estate typically require review before we can accept them. Gifts requiring a review include gifts of closely held stock, life insurance policies that are not fully paid policies and real estate, which should have a minimum value of $100,000 after sale and can reasonably be sold within six months.

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