Plan Your Charitable Legacy
Community Foundation of Henderson County practices planned giving, an approach that helps you focus on your life and your unique philanthropic goals. CFHC employs charitable giving vehicles that best suit your needs, including your tax benefit considerations.
Turn your passion for giving into your own philanthropic plan by using the variety charitable giving vehicles CFHC uses:
- Bequests in Wills and Trusts: A donor can provide in a will or trust for a gift to the Community Foundation upon the donor's death.
- Individual Retirement Accounts, or IRAs: A donor can designate the Community Foundation as the beneficiary of an IRA.
- Charitable Gift Annuities (CGAs): A donor can transfer cash or marketable securities to the Community Foundation in exchange for a current income tax deduction and fixed annual payments for life.
- Charitable Remainder Annuity Trusts (CRATs), and Charitable Remainder Unitrusts (CRUTs): A donor can retain a fixed or variable income for life or for a fixed term of years, claim a current income tax deduction and make a future gift to the Community Foundation.
- Charitable Lead Annuity Trusts (CLATs) and Charitable Lead Unitrusts (CLUTs): A donor can give a fixed or variable annual amount to the Community Foundation for either a fixed term of years or the life of one or more individuals. Upon termination, the trust distributes its remaining assets to the donor or to one or more individuals the donor has specified.
- Life Insurance: A donor can name the Community Foundation as the beneficiary of a life insurance policy.
- Life Estate Agreements: A donor can transfer title to a personal residence or other property to the Community Foundation while retaining the right to occupy and enjoy full use of the property for a term of years or the lifetime of one or more individuals.
The Community Foundation can help you turn your passion for giving into your own charitable legacy. Contact a member of the CFHC team today for help with creating your own lasting philanthropic plan.