Planning with Purpose
A well-executed estate plan may reduce taxes and probate costs, so that more of the fruit of your labor goes where you want it to go.
While your estate plan comprises various legal and financial documents, it can also serve as a final message that reflects your personal values and leaves a lasting legacy by which your family and community will remember you.
Your enduring gifts help sustain and support nonprofits, allowing organizations throughout our community to survive fluctuations in both the economy and in annual charitable giving.
Your planned gift is invested with us, growing over time to make an ongoing positive impact for as long as you choose.
Benefits of Legacy Giving
- In partnership with your advisors and family, Foundation staff will craft a plan to maximize your charitable impact and tax efficiencies.
- Access to Community Foundation resources, publications, experts and our knowledge base of nonprofits in the Greater Capital Region.
Let's Make Plans
Planned giving can be complicated. Our team can help you and your advisor identify the best ways to produce retirement income, or reduce estate and income taxes. We’re here to help develop your planned giving so it achieves your objectives — and reflects your values.
Planned gift options include:
Charitable bequests generate much of the philanthropy at work today to make our region an even better place to live. By designating us as a beneficiary of your will or living trust you can create a permanent fund for the future. You can name a specific dollar amount, a percentage of your estate, or the remainder of it.
You can name the Community Foundation for the Greater Capital Region, or your named fund at the Foundation, as the designated beneficiary of a retirement plan such as your IRA, 401(k) or 403(b). This is an effective way to make a charitable gift since it will not be subjected to either estate or income taxes.
You can make a gift of life insurance by irrevocably designating the Foundation as the owner and beneficiary of your policy. You can also name the Foundation as a partial or contingent beneficiary of a policy on your life.
A charitable gift annuity is an easy way for you to make a charitable gift during your lifetime and still receive income. You and one other person may receive immediate or deferred income through the charitable gift annuity.
To start an annuity you must:
- Be at least 65 years of age
- Make an irrevocable gift of at least $25,000
A charitable gift annuity lets you:
- Support your favorite charities and causes through the remainder of your annuity
- Receive an immediate charitable income tax deduction
- Lock into fixed, partially tax-free payments for life
- Payments are based on your current age using rates established by the American Council on Gift Annuities. You can see the entire list of suggested age-based annuity rates on the council’s website.
A Charitable Lead Trust distributes income to your charitable fund for a period of years or during your lifetime. The assets then return to you or surviving family members. Lead Trusts can enable you to make a significant gift to charity and transfer assets to family members while saving taxes.
Portraits of Generosity
Learn how your friends and neighbors are supporting the place they call home.
Joan S. and Peter R. Weill Endowed Fund Distributes First Grants
Honoring John Boyd’s Legacy
