Making a difference with a Planned Gift
Legacy Giving through your will or trust allows you to make a lasting impact in Mendocino County. We recommend the Community Foundation of Mendocino County. The Community Foundation can work with you to create a fund agreement outlining your charitable interests. Your fund agreement provides the details of your planned Legacy Gift. Your will or trust refers to the fund agreement, but does not include the specific details of the agreement. Your planned Legacy Gift:
- can be endowed (paying out in perpetuity) or expendable (paying out over a limited time).
- is not payable until death, so it does not affect your assets or cash flow during your lifetime.
- is revocable—you can change the provisions in your fund agreement at any time.
- is private—your fund agreement is not filed or made public until your death.
In addition to bequests, gifting an insurance policy or retirement plan may help you make a difference while decreasing your estate’s tax burden. Naming the Community Foundation as beneficiary does not require an attorney or professional advisor, and you retain the ability to change the beneficiary designation at any time.
Call the Community Foundation of Mendocino County to plan your giving.
The decisions around Legacy Giving are important and can be detailed and complex. A one-on-one discussion with the professional staff at the Community Foundation of Mendocino County is the fastest and most reliable way to get answers to your questions about Legacy Giving. Call Megan Barber Allende to have all your questions answered. (707) 468 9882 http://www.communityfound.org/for-donors/legacy-giving/