The Legacy Society of the Community Foundation

Planned Gifts or Bequests

The Legacy Society honors and assitss individuals who establish planned gifts with the Community Foundation. For those who wish to perpetually benefit the the communities and organiztions in Tompkins County, the Society promotes sustainable philanthropy through planned giving opportunities. Members have the joy of helping their community while they secure financial options for themselves and their heirs.

Planned giving is truly a “win-win” opportunity. As a vehicle for charitable giving, the Foundation offers the advantages of tax savings, simplicity and flexibility, administrative convenience, as well as sound fiscal management. Through various estate and gift planning options, Legacy Society members have the chance to maximize family and financial benefits while addressing philanthropic goals that might seem unreachable.

Planned gifts include bequest intentions in a will, life income agreements, trusts, flexible endowments, real estate with retained life use, retirement plans, and life insurance.

PLANNED GIVING: Choose the Gift that Matches Your Goals

If your goal is to: Then you can: And your benefits are:
Support the Tompkins County Community Put a bequest in your will to benefit the Tompkins Today and Tomorrow Fund or Field of Ineterst Funds of the Community Foundation Your Generosity benefits the Tompkins County community forever as it changes and new needs emerge.  The Community Foundation can manage your bequest to address these issues and you receive estate tax deductions and keep your assets in your name during your lifetime.
Maximize heirs' inheritance while benefiting the Community Foundation and Tompkins County Name the Community Foundation as a beneficiary of your retirement plan; leave other assets to your family Reduced estate and income tax
Secure a life income while minimizing taxes Establish a Charitable Remainder Trust with the Community Foundation Tax benefits and often a boosted rate of return from assets
Reduce gift and estate taxes on assets you pass to your children and grandchildren Create a charitable lead trust that pays income to the Community Foundation for a specific term of years A gift or estate tax deduction ad your family keeps the assets
Make a large gift with little or no cost Give a life insurance policy you no longer need Current and future income tax deductions
Make a revocable gift during your lifetime Name the Community Foundation as the beneficiary of assets in a living trust Full control of the trust and its assets during your lifetime

 

Please consider making your planned gift today. We look forward to welcoming you as a member of The Legacy Society.