Bequest

Designate your fund as the beneficiary of your will, trust, or other instrument and leave a lasting impact on the Community Foundation or other organizations. We work with you and your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits.

Benefits May Include:

• Receiving an estate tax charitable deduction,
• Lessening the burden of taxes on your family, and
• Leaving a lasting legacy.

How To Make a Bequest

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to the Community Foundation as part of your estate plan. A bequest may be made as a percentage of your estate, a specific dollar amount or asset, or the balance or residual of your estate.

Click here to review sample bequest language.

Making a Bequest of Retirement Assets

Retirement assets (such as an IRA account) make an excellent bequest. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating the Community Foundation as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death, and your estate receives an estate tax charitable deduction.

Email President Bob Fockler or call him at (901) 722-0045 if you are considering a bequest.

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