The Community Foundation of Western North Carolina

Options for Creating a Legacy

Legacy gifts provide permanent funding to address needs in WNC and beyond. Legacy gifts aren’t solely transferred through estates, and CFWNC offers options for giving now that enable you to decide how funds are used and see the impact your gift makes.

Bequests

Expectancy Funds

Charitable Gift Annuities

Charitable Remainder Trusts

Using Your Assets

Giving Options

If you are 70 1/2 years old, you may direct charitable transfers directly from your IRA as Qualified Charitable Distributions of up to $108,000 per taxpayer. This type of transfer can satisfy your required minimum distribution (RMD). Although a charitable deduction is not available for this type of gift, many donors find this to be an effective tax-saving strategy.

By designating CFWNC as a sole or partial beneficiary of your retirement assets, your legacy can include any remaining retirement assets to benefit a new or existing fund to fulfill your charitable visions.

During your lifetime, if you own a cash-value life insurance policy that is no longer needed for its intended purpose, you can gift the policy to The Community Foundation. You may receive tax benefits. In most cases, proceeds from the policy will be immediately available to help you achieve your charitable goals.

Local Expertise and Flexibility

Meet April Burt

"I like to support local entities and find that many of my clients want to stay local as well. I have found CFWNC staff to be responsive and resourceful. It is important for me to keep estate planning as cost-effective as possible. Often clients find that their views on charitable causes change over time. Connecting them with CFWNC to set up funds that can be altered without the need to change their will or trust is helpful. They appreciate that flexibility."

April Burt, Burt Langley, PC

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