We offer many options to incorporate charitable giving into your estate plan, and we’re here to help you determine your philanthropic goals, achieve tax advantages and establish your legacy.
Bequest by Will or Trust
A bequest made through a will or trust is a popular, flexible way to continue your charitable giving beyond your lifetime. A bequest to add to an existing fund or to create an endowment can be in the form of cash, securities or personal property. Because the bequest is a charitable gift, there are no tax consequences on the donated assets.
Charitable Gift Annuity
A charitable gift annuity is a contract between you and the Community Foundation that provides you with tax benefits and a fixed income stream for life in exchange for a sizable charitable gift of cash, securities or other assets to a fund. 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 a fixed or variable income to your named beneficiaries, either for life and/or a fixed term (not to exceed 20 years). When the term expires, the remaining assets are added to an existing charitable fund or used to establish a new charitable fund.
Naming the Community Foundation as the beneficiary of an existing policy or naming the Community Foundation as the owner of a new policy, is a convenient way of making a significant future gift at a relatively minor cost.