Legacy Giving
The Community Foundation Legacy Society was established in 2003. Its purpose is to thank those who have the generosity and foresight to use the Community Foundation to carry out their charitable wishes after they are gone. The Foundation wishes to acknowledge these good people while they are alive.
Key Points about the Legacy Society
Those who have named the Foundation as the beneficiary of any type of planned or deferred gift, and who choose to be listed, become members. A common type of planned gift is a bequest in a will.
Gifts of all sizes are important and welcome and there is no gift minimum or documentation required. Only you will know what you have designated to the Foundation to receive some day.
Joining the Legacy Society requires two steps. First, arrange for the gift. Second, inform the Community Foundation by submitting a Statement of Intent form.
Bequests are the most common method used to leave a gift to the Foundation. Other kinds are:
The Foundation is a beneficiary of a life insurance policy.
IRAs -- left to heirs IRAs may be subject to taxes that could total over half of the IRA's value.
Remainder of a charitable trust or a Charitable Gift Annuity – these instruments give donors or their appointees life income with the remainder put in an endowment of the donors' choice.
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