Leave a Lasting Mark
Many donors make charitable giving a part of their estate plans. By doing so, they will be making a difference in their community for decades to come—even in perpetuity. In the meantime, they enjoy the peace of mind of managing their current assets.
By working with the Community Foundation, you can:
- Keep assets now and give generously later, through your estate
- Know that your charitable wishes will always be honored
- Care for your loved ones and still be able to give back to your community
- Make a lasting impact that will convey your values to future generations
Ways to give later
The most popular way to give later is through a bequest in your will. It is easy to do and can enable you to use your assets while you are living.
By naming your fund, or another fund at Fairfield County’s Community Foundation, as the beneficiary, you can be certain that grants will continue to support the causes and/or organizations of your choice.
When you make a bequest, you can leave a percentage of your estate, a fixed dollar amount or a transfer of securities or other property.
Gifts of life insurance policies and IRA/retirement assets
Another popular way to give later is to name the Community Foundation as a beneficiary of a life insurance policy or assets in an IRA or other retirement plan. This may avoid a tax burden for your heirs, since by leaving IRA/retirement plan assets to heirs, they will pay both estate and income taxes.
Charitable gift annuity
By creating a charitable gift annuity at the Foundation, you—or someone you designate—receive fixed income payments for life, with some of the income tax-free. Payments can begin right away or at a later date of your choosing. After the death of the payee, the remaining balance will be placed into a permanent fund of the Community Foundation—either one you have already established or another fund at the Foundation. Grants will then be made that honor your charitable wishes.
Charitable remainder trust
With this vehicle, you make a charitable gift to the Community Foundation and receive income payments for life or for a fixed number of years. Based on the type of trust you select, annual income is based on a percentage of assets or is a fixed amount.
At the end of the income period, the remainder of the assets will be placed into a permanent fund of the Community Foundation—either one you have already established or another fund at the Foundation. Grants will then be made that honor your charitable wishes.
Assets you can give
No matter how you give through your estate, you can give a wide variety of assets, including cash, appreciated securities, real estate, personal property and business interests.
Our Legacy Society
By including the Community Foundation in your estate—regardless of which approach you
choose—you have the opportunity to join our Legacy Society. You will be invited to all Community Foundation events and have the chance to meet others who have chosen to make a lasting impact on their community.