How will you be remembered?
Incorporating charitable giving into your estate plans can sound complex at first, but philanthropic planning can be as simple as including a bequest to the Community Foundation in your will. You may leave a percentage share of your estate, specify the dollar amount, or designate the Community Foundation as a contingent beneficiary.
But this type of planning can also encompass much more than a simple bequest. With the goals of providing for your loved ones, reducing taxes, and remembering worthy causes, there are a variety of techniques available that have mutual benefit to you, your community, and your favorite charitable organizations, both now and into the future. For assistance in selecting the planned gift option that is right for you, contact us at 315-422-9538 or firstname.lastname@example.org
The Legacy Plan
The Community Foundation strives to help individuals who care about this community to be remembered by it. The Legacy Plan offers Legacy Society members a chance to document their personal giving story and wishes for the future use of their charitable legacy fund, in their own words. Community Foundation staff are available to assist donors through a series of guided writing exercises and values-based discussions in order to assemble information that will ultimately lead to the creation of a Legacy Plan.
The Legacy Society
Donors who have included the Community Foundation in their estate plans or have created a life income gift to benefit the Community Foundation qualify to become a member of our Legacy Society.
Legacy Giving Tools
Consider naming the Community Foundation to receive all or a portion of your estate through your will. In doing so, you may reduce estate taxes while supporting your community. You may give a specific dollar amount, property or percentage of your estate.
Charitable Gift Annuity (CGA)
Charitable gift annuities offer simplicity and income. You or someone you designate can receive life income in exchange for your gift. You will reduce and defer your capital gains tax and may reduce probate costs and estate taxes.
A charitable lead trust or several types of charitable remainder trusts create valuable options in estate planning by providing maximum flexibility for giving a gift and securing a life income.
Listing the Community Foundation as a beneficiary of your insurance proceeds enables you to make a contribution that may not have been possible otherwise.
Real Estate Remainder Interest
A gift of a remainder interest in a personal residence allows you to continue to occupy the residence without disruption. You get an income tax charitable deduction for the present value of the remainder interest.
Double taxation on retirement plan withdrawals could decrease the value of the asset for your heirs. By naming the Community Foundation as the beneficiary of your retirement funds, you can avoid taxes – and preserve your hard-earned assets for the good of your community – forever.
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