Listed below are some of the Planned Giving options available for giving to a charitable fund. If you don’t see what you’re looking for, contact us, and we’ll be happy to work with you to meet your individual needs.
BEQUEST BY WILLS OR TRUST
You can make a bequest to the Community Foundation through a simple designation in your will or trust. A bequest can be in the form of cash, securities or personal property. The benefit to your heirs is that because the bequest is a charitable gift, there are no tax consequences on the donated assets.
CHARITABLE GIFT ANNUITY
This is a contract between you and the Community Foundation, providing you the opportunity to secure a stream of income for life when you make a charitable gift to a fund. Under this agreement, you may transfer assets of cash or securities to Blue Grass Community Foundation in exchange for our commitment to pay a fixed amount to you for the rest of your life. Upon termination of the annuity, the remaining assets are used to establish a charitable fund or added to an existing fund of your choosing.
CHARITABLE REMAINDER TRUST
A charitable remainder trust lets you make a gift to the community, receive income, and take advantage of a substantial charitable income tax deduction. The trust will pay either a fixed or variable income to your named beneficiaries, either for life or for a fixed term not exceeding 20 years, or a combination of the two. When the term expires, the remaining assets are used to establish a charitable fund or added to an existing fund of your choosing.
If you’re looking for a way to make a significant future gift at a relatively minor cost, consider a gift of life insurance, which can be handled in several ways. You can name the Community Foundation as the beneficiary of an existing or a paid-up policy that you no longer need, or you can purchase a new policy naming the Foundation as owner.