For many donors, the greatest opportunity to give a major gift or leave a legacy is with a gift at the end of their lifetime. We are here to help you create your lasting impression on your community.
The following are a variety of planned giving options. We encourage you to talk with your professional advisor about what options work best for your unique situation.
Deferred or Planned Gift
For many, a major gift when there are unknowns ahead may not be possible. One way of making sure that your charitable intent is realized is through a planned or deferred gift. Such gifts are realized upon death when the assets are no long needed. You simply designate the Community Foundation as the beneficiary of your asset by will, trust or other instrument.
A bequest through your will or charitable trust is one of the simplest ways to give later to the Community Foundation. This is a simple option that allows you to enjoy all of your assets while you are alive and provide a meaningful gift to the causes you care about most at the end of your lifetime.
Life insurance makes it possible for virtually everyone to make a meaningful gift. Policies that are no longer needed for their original purpose can make excellent gifts when given to the Community Foundation. You can either designate the Community Foundation as the beneficiary, or you can gift the policy during your life and likely receive an immediate income tax deduction.
Retirement assets, like life insurance, can be easily gifted to the Community Foundation at the end of your lifetime. This can be done by changing the beneficiary designation for the retirement asset. In addition, you can reduce income taxes payable by your family - in addition to saving estate taxes - by giving retirement assets to the Community Foundation.
Charitable Remainder Trust
A Charitable Remainder Trust is established by you and is a separate trust that benefits only you or your designated beneficiaries and, ultimately, the Community Foundation. There are multiple types of charitable remainder trusts to fit a variety of situations. We encourage you to speak with your professional advisor to learn what will work best for you.