Legacy
CFGV Donors
Bequests
Charitable giving is part of the American way of life.
We all give to make a difference in a life, in a community. Legacy gifts shape solutions for tomorrow’s issues, allow you to live forever, and make a difference far into the future!
Your legacy is shaped by the life you lead . . . and the legacy you choose to leave can have an important philanthropic component. Making a charitable contribution to the Community Foundation of the Gunnison Valley through your will can allow you to live forever in the Valley while reducing or even eliminating estate taxes. Maximize tax benefits and create a legacy that supports the Valley that has given you so much!
Through a bequest you demonstrate an enduring commitment to the community. You may receive recognition now and in the future – and your gift will encourage others to think of bequests as an option for themselves. Or you may choose to stay anonymous forever or until your gift is realized. The choices are yours.
You can make a bequest to the Foundation by creating a new will, adding a codicil to your existing will or even naming the Foundation in your living trust. You can also designate the Foundation as a beneficiary of a life insurance policy or a qualified retirement plan.
How does it work? With a gift in your will or living trust, you can choose to give a percentage of your estate, or a specific amount of cash, securities or even property. You live on through the work the Foundation carries on in the community in your name.
Your attorney can help you create your bequest to meet your personal financial and charitable goals. There is sample language below this narrative.
One of the benefits to you is that you really are in charge and can change your mind at any time. You can update or even revoke your gift at any time, though we hope you won’t!
Since the gift doesn’t happen until after your lifetime, concerns about having enough to live on in the future go away. This balances your desire to be practical now and generous, too.
Since most folks don’t know the exact size their estate will be, using a percentage amount may be a wise way to divide your assets. It allows you to provide benefit to loved ones and to the community in your choice of relative proportion. You might even consider the Foundation as a beneficiary in a life insurance policy.
Remember, it is your choice to let the Foundation know that we are to be a recipient or to let it be known only after you are gone. If we know now, it would be our pleasure to honor you during your lifetime. And, you know we respect anonymity — so if you want to keep it anonymous, we’re happy to do that, too!
We are Here for Good and to help.
We encourage you to review your proposed bequest language with your attorney and with the Foundation staff to ensure that your charitable intent can be fulfilled. Please contact us if we can be of help. We look forward to hearing from you.