FOR IMMEDIATE RELEASE | December 6, 2018 Community Foundation of Boone County Announces 2019 Lilly Endowment… [Read More]
In honor of our 25th anniversary and the impact your gifts have made in Boone County, both now and in the future, we are pleased to announce the establishment of The Legacy Society.
The Legacy Society recognizes those individuals who have chosen to leave a lasting charitable legacy in Boone County by including the Community Foundation of Boone County in their will, trust or estate plan. The Legacy Society honors its individual members’ charitable passions while establishing its members as philanthropic role models in our community.
Estate planning is an important way for those who have lived in a community to provide for its future. By entrusting gifts to the Community Foundation, donors can ensure that their contributions will be used wisely to address future community needs and that their personal legacies will be extended far beyond their lifetimes.
We want to recognize donors, provide opportunities for members to learn more about the community’s needs and better connect with Community Foundation programs, staff and services. Your planned gift to the Community Foundation of Boone County will have meaning and impact for generations to come.
About Our Legacy Society
Those who remember the Foundation through a will, trust, designation or other planned gift, are invited to inform us of their intentions and join in the Community Foundation’s Legacy Society. Too often, these gifts are unrecognized because we are unaware of these special gifts until the donor has passed away. At these times, proper appreciation cannot be expressed and questions regarding the specific purpose of the gift may remain unanswered. The Legacy Society provides a way to recognize and thank donors during their lifetime(s), and ensure that your wishes are properly documented.
You may always choose to remain anonymous in your philanthropy. However, participation in The Legacy Society can be an inspirational experience, and may encourage others to look toward the future and how they too may have an enduring impact on the causes they care about.
Only a statement of intent to leave a gift to the Community Foundation of Boone County is required. No documentation of gift amount or type is necessary. Legacy Society members may designate the use of the distributions from their future gifts, or may leave the distributions to the discretion of our Board of Directors. A Legacy Society gift may be used to establish a new fund or may be added to any of the Foundation’s existing funds.
Benefits of Legacy Giving
Legacy giving offers us a way to make a difference, far beyond the measure of one lifetime.
Benefits of joining The Legacy Society include:
- A relationship with the Foundation and other donors during your lifetime.
- A role in determining how your legacy gift will be used.
- Satisfaction in knowing your legacy will make a difference for your community and will encourage others to do the same.
- Special recognition on our Legacy Wall, and in newsletters and annual reports, unless anonymity is desired.
- Invitation to special donor events.
- Complimentary e-subscription to CFBC’s Legacy Newsletter.
Types of Planned Giving
Gifts made through a bequest in a will or trust are not the only means of becoming a member of The Legacy Society. Other ways in which donors can apply personal resources toward the betterment of their community through The Legacy Society include:
- Bequest in a Will or Living Trust
- Gifts of Life Insurance
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Beneficiary Designation of Individual Retirement Accounts (IRA, 401K, 403B)
If you’ve already included the Community Foundation in your will or we are a named beneficiary of a retirement account or insurance plan, we encourage you to let us know so that we may honor you as a member of The Legacy Society.
Legacy Society members share a dedication to Boone County – but every act of giving is personal and unique. Contact us to discuss your preferences.