By making plans now, you can be intentional about the legacy you will leave for the organizations and causes you love. Legacy planning is a simple, powerful way to create a lasting impact in your journey in giving.
We know philanthropy is a very personal decision. We can help you create the framework now for giving to your favorite causes after you are gone by filling out a simple legacy fund agreement. Once established, that agreement can easily be updated throughout your lifetime to reflect your changing interests – at no charge. You can work with your legal and/or financial advisors to determine which asset you plan to give to once your estate is settled.
You don't have to be wealthy to make a planned gift. Even a modest amount can make a big impact over time.
Some people think they have to choose between leaving a gift to family or charity. You can do both! In fact, many planned gifts actually save your family money.
It's easy to get started. We help you, or your advisor, create the framework for giving to your favorite causes after you are gone. Just fill out a simple legacy fund agreement that can be updated throughout your lifetime to reflect your changing interests.
Including a gift in your will or estate plans allows you to feel good about your contribution now while parting with your assets after your lifetime. When planning a gift through your will, it is sometimes difficult to determine what size donation will make sense. You need to make sure your family is financially taken care of first, and emergencies do happen. Making a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate’s value fluctuates over the years. Our staff will be happy to work with you or your advisor to establish a fund during your lifetime to receive assets at death. By working together ahead of time, we can ensure your bequest will carry out your charitable goals beyond your lifetime.
The official bequest language is very simple: “I, [name], of [city, state, ZIP], give, devise and bequeath to [my fund] at the Community Foundation of Greater Huntsville [particular asset/fixed dollar amount/percentage of the estate or description of property] for its unrestricted use and purpose.” Your legacy fund with the Foundation will spell out the exact details of your plans for giving.
To name a Donor Advised Fund at the Community Foundation of Greater Huntsville as a beneficiary of a will or trust, life insurance policy or retirement plan account, the following may be helpful in completing estate planning documents or beneficiary designation forms. After describing what will be left to the fund (i.e., a percentage of the estate/trust/account or a specific dollar amount), simply say it will pass "to the Community Foundation of Greater Huntsville for the [name of your fund]."
As a reminder, the Community Foundation of Greater Huntsville is a 501(c)(3) public charity. Our tax identification number (EIN) is 26-3750673.