What are the advantages?
A bequest is the simplest way to leave a legacy of caring for the issues, organizations or community most important to you during your lifetime.
- You can make a bequest at any time and at any age by adding to your existing will or drafting a new one.
- You can contribute to an existing fund or create a new named fund of any type.
- Your gift is excluded from estate taxes.
- Your intent for the purpose of your fund and grantmaking are honored by The Community Foundation forever.
- Our professional staff handles all the details of establishing and operating the fund created or endowed by your gift.
- Your gift continues to grow when you create an endowed fund. Endowment funds use only investment income for grantmaking, preserving and growing the principal as a permanent source of charitable capital.
Other planned giving options may pay you or family members during your lifetime. Learn more about Charitable Gift Annuities or Charitable Remainder Trusts.
Your bequest can include cash, appreciated stocks, property or other assets. Retirement plan accounts are particularly attractive for bequests, since heirs would otherwise be taxed on the income. Email our development staff to learn more.
