A bequest is the simplest way to leave a legacy of caring for the issues, organizations or community most important to you during your lifetime. Through your bequest, you can contribute to an existing fund or create a new endowed fund.
What Is a Bequest?
A bequest is a gift designated in your will. Upon death, that gift is transferred from your estate to The Community Foundation.
What Are the Advantages?
- You can make a bequest at any time and at any age by adding to your existing will or drafting a new one.
- You can contribute to an existing fund or create a new named fund of any type.
- Your gift is excluded from estate taxes.
- Your wishes for the purpose of your fund and grantmaking from it are honored by The Community Foundation board and staff forever.
- Our professional staff handles all the details of establishing and operating the fund created or endowed by your gift.
- Your gift continues to grow when you create an endowed fund. Endowment funds use only investment income for grantmaking, preserving and growing the principal as a permanent source of charitable capital for the community.
What Can I Give?
Your bequest can include cash, appreciated stocks, property or other assets. Retirement plan accounts are particularly attractive for bequests, since heirs would otherwise be taxed on the income.